I have chosen to interview Steven Harrast to write an article on the field of accounting. The articles purpose is to help students gain insight in career path choices‚ educational preparations available and what is new in the accounting frontier. An article such as this one could perhaps be found in Student Accountant magazine. Crystal Psaris ENG 201-Assignment 1 2/1/2013 Professor Jeremiah Accounting: Tips on the field from Steven Harrast Introduction On January 24th 2013 I had the opportunity
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control system 1) To combine the ideas of all levels of management in the preparation of a budget. 2) To coordinate all the activities of the business so that each is part of an integral total. 3) To centralized control for example to control each function so that the best possible results may b obtained. 4) To decentralizes (delegate) responsibility to each manager involved. 5) To act as a guide for management decision when unforeseeable conditions affect the budget.
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Henry Ford and incorporated on June 16‚ 1903. Ford is the second largest automaker in the U.S. and the fifth-largest in the world based on annual vehicle sales in 2010. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce‚ using elaborately engineered manufacturing sequences typified by moving assembly lines. In the first part of report‚ we will analysis the financial issue of how Ford Motor Company deals with the largest slump in
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Direct labor hours (c) Machine hours (Points : 6) Predetermined overhead rate based on machine hours = (776000-175000)/105000 = 5.72 per hour | 3. (TCO 1) List and briefly describe four of the five differences between managerial accounting and financial accounting. (Points : 4) | 4. (TCO 2)The following information is available for Sappy’s Surgical Shears for the fiscal year ending December 31‚ 20XX. Beginning balance in Finished Goods $ 17‚000 Ending balance in Finished Goods 15‚200
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Exercise 2-2 | | |Product |Period Cost | | | |(Inventoriable) Cost | | |1. |Depreciation on salespersons’ cars | |X | |2.
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defined by executives and communicated to the management. There is no goal other the cost reduction at total company level as well as at departmental level. Managers don’t see connection between expenses‚ revenues and overall company’s profitability. As a result managers are frustrated because instead of help that budget is suppose to bring it creates problems. Managers don’t participate in budget’s development; it is purely a task of an accounting department which sets up performance goals for
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Section – DAY and TIME /100 Section I: 7 Multiple Choice Questions (3 marks each‚ 21 marks in total) : Please circle the single best answer for the multiple-choice questions. 1. Which of the following terms is NOT an objective of a management accounting system? a. identify the cost of resources consumed in performing significant activities of the firm b. determine the efficiency and effectiveness of the activities performed. c. Identify and evaluate new activities that can improve the future
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B313F Management and Cost Accounting Assignment 1 Date due: 29 October 2008 Weighting: 15% of the total marks of the course Question 1 (25 marks) Mini Case – Seto’s Storage Warehouse Paul Seto owns and manages a commercial storage warehouse. He stores a vast variety of perishable goods for his customers. Under the existing pricing policy‚ he has charged customers using a flat rate of $2.40 per kilogram per month for goods stored. His storage warehouse has 10‚000 cubic metres of
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development will be accounted for separately; and does‚ in many respects‚ contain the features of a job costing situation. 3. Work is frequently site based and takes a long time to complete & may spread over two or more of the contractor’s accounting years. Accounting Considerations - Contract Account - Contract Profit and Loss Account - Contractee Account (e.g. Government of Jamaica) - Balance Sheet Extract Contract Account A separate account will be kept for each contract with the general
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AP Lang Portfolio 1st semester College Readiness Learning Targets Writing Targets Proof Target Met 1. Use appropriate logic and rhetoric to analyze and effectively convey and critique ideas. A score of 5 on an analysis paper. Focus: content. I think that this target was adequately met. I definitely learned how to truly analyze different readings in order to break it down into a paper that dissects ideas in terms of logic and rhetoric. I still struggle with putting all of this analysis
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