Section-A 1. Discuss management accounting as an effective tool of financial control. 2. What do you mean by cash from operating activities? How is it calculated? 3. The “volume-cost-profit relationship provides management with a simplified framework for organizing its thinking on a number of problems.” Discuss 4. Recently a conference speaker discussing budgets & standard costs made the following statement- “Budgets & standard costs are not the same things‚ they have different purposes
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customers‚ suppliers‚ possible substitutes or other ways of doing business‚ and potential competitors who‚ if you are very successful‚ want to get into your business and take a chunk away from you. Recent modifications in competitive theory have added a sixth force to this model: complementors. A complementor is a company or an industry whose product works with your product and without which your product would lose much of its value. For example‚ Microsoft and Intel are complementors. Intel’s microprocessors
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What is Strategic Management Accounting? And why‚ Strategic Management Accounting? Simple definition: Management Accounting in the context of business strategies being planned and implemented by an organisation. Strategy is the way that a firm positions and distinguishes itself from its competitors. These business strategies must be developed in the context of the internal and external environments so that they are practical‚ or else they will remain a theoretical wish-list. It is also
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DAC503:MANAGEMENT ACCOUNTING ASSIGNMENT 11/08/2011 Application of Management Accounting in your organization D61/62965/2010 MAY_AUGUST SEMESTER UON_NAIROBI CAMPUS How management accounting is applied at ICEA ASSET MANAGENT
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The Sixth Sense The director M. Night Shyamalan uses different methods to make the film‚ “The Sixth Sense”. He uses symbolism and motif to help you understand the movie and see that it is more than what you first see. In “The Sixth Sense” a boy named Cole Sear is a boy that seems to have a problem. He sees things that other people can’t see. He can see ghosts‚ walking with people as if living like nothing ever happened. A Doctor named Dr. Malcolm Crowe tries to help Cole with his problem until he
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Elizabeth Kolbert‚ The Sixth Extinction: An Unnatural History‚ 2014 Introduction Central to Elizabeth Kolbert’s 2014 publication is the assertion that globalization coupled with industrialization have paved the way for a new epoch‚ the Anthropocene. Dubbed The Sixth Extinction: An Unnatural History‚ the text explains “Anthropocene” as a period of “a human-dominated geological" age that will see humanity usher the world into its next mass extinction (Kolbert 108). Invented in 2000 by Paul Crutzen
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to managerial accounting (n.d.) has shown that the Institute of Management Accountants describes managerial accounting supports the decision making process through planning and controlling operations. Planning primarily appears in the budgeting process and Controlling occurs when managers compare actual performance with budgeted amounts to identify differences and then act upon differences that appear to be significant. For example‚ manufacturing companies use management accounting techniques to
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Windows server 2008 comes in different versions for the different users‚ not all users need all the same features. The versions are web edition‚ standard edition‚ enterprise edition‚ and datacenter edition. The significance of them are WE 1 OS Is permitted‚ 32-bit 4GB 64-bit 32GB‚ maximum number of CPUs 4. SE hyper-V included‚ plus 1 virtual instance‚ terminal server ‚network access protection‚ and CALs. EE plus 4 virtual instance‚ 32-bit 32GB 64-bit 2TB‚ CPUs 8‚ cluster service yes 16 nodes per
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MANAGEMENT ACCOUNTING Lectures Toyota – brake failure even though standards were followed‚ the standards weren’t revised – RIGID Shree Renuka Sugars Ltd. ‘turned around every single one of its sick leased units‚ creating viability out of a liability.’ Boeing Reached the point where between 70% and 80% of the costs assigned to the final cost objectives of a manufacturing or engineering line organisations were allocations from common overhead pools ‘Because technology related costs were buried
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602 Management Accounting David Xu Id: 65990771 Session Preparation Assignment (SPA) #2 Understanding Key Cost Relationships 1. Read Chapter 2 of SN‚ Key meanings in the Chapter. Understanding key cost in a firm is the most important issue in management accounting. That is because business survives on value exchange. Customers and business are willing to exchange money and services (products) based on the costs. How products cost can effect a firm’s financial health is
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