Managerial Economics : The Coca-Cola Company Almost all decisions in a company have an economic consequence. Managerial economics is an integral‚ relevant part of business management processes that involves cost‚ revenues and profits‚ considering not only the monetary costs‚ but nonmonetary costs as well – monetary‚ in terms of cash flow in and out and any excess revenue over costs or profit; nonmonetary‚ in terms of benefit for the consumer – whether its affect psychically is good or bad causing
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about the hills that “look like white elephants” in front of her to relate back to her decision (Hemingway). Hemingway shows the two life-changing effects of an . The other shady and dark side of the hill represents not keeping the baby and pursuing the operation. In between the lines of this casual conversation is actually an undergoing decision on both the positive and negative side of an abortion. This decision-making theme‚ is represented by symbols such as the white elephants‚ the hills‚ their
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Chapter 2 The Balanced Scorecard and Strategy Map | | ------------------------------------------------- QUESTIONS 2-1 Financial performance measures‚ such as operating income and return on investment‚ indicate whether the company’s strategy and its implementation are increasing shareholder value. However‚ financial measures tend to be lagging indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers
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EXERCISE 14-1 (15-20 minutes) Valuation account relating to the long-term liability‚ bonds payable (sometimes referred to as an adjunct account). The 3‚000 would continue to be reported as long-term. Current liability if current assets are used to satisfy the debt. Current liability‚ 200‚000 long-term liability‚ 800‚000. Current liability. Probably noncurrent‚ although if operating cycle is greater than one year and current assets are used‚ this item would be classified as current. Current liability
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Liabilities Capital Revenues Credits are increases for these types of accounts: Liabilities Capital Revenues Credits are decreases for these types of accounts: Assets Withdrawals Expenses (5 min.) S 2-2 “The basic summary device in accounting is the account. The left side is calld the debit side‚ and the right side is called the credit side. We record transactions first in a journal. Then we post (copy the data) to the ledger. It is helpful to list all the accounts with their balances
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Rittenberg 8th edition: Q 2-45 (pages 66 and 67) 2-45 (Audit Committees and Auditor Independence‚ LO 4‚ 5‚ 6) The audit committee is required to evaluate the independence of both the internal and external audit functions. Required a. What factors would you suggest an audit committee look at in evaluating the external auditor’s independence? b. How can the audit committee influence the independence of the internal audit function? c. The audit committee must pre-approve all nonaudit services
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AA101 – ACCOUNTING I Academic Year : 2010-2011 Course Coordinators : Dr Harshini Pushpika Siriwardane Mr. Hu Kin Hoi Billy Pre-requisites : Nil No. of AUs : Semester : Other Instructor(s) : 4 2 Course Description and Scope Accounting is the language of business. This course aims to provide students with a broad understanding of business‚ the role of accounting in business‚ the analysis‚ recording‚ summarizing‚ and reporting of business transactions
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activities manipulation (RM). Accruals management involves within generally accepted accounting principles (GAAP) accounting choices that try to ‘‘obscure’’ or ‘‘mask’’ true economic performance (Dechow and Skinner 2000). RM occurs when managers undertake actions that change the timing or structuring of an operation‚ investment‚ and ⁄ or financing transaction in an effort to influence the output of the accounting system. Schipper (1989‚ 92) includes RM in her definition of earnings management and describes
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Incoterms 2010 Roland Satchell VP CDCS Strictly Private and Confidential 1 Meet the presenters: Charnell Williams‚ North America Import Product Manager Charnell is a Director in Citi‘s Global Transaction Services where she is a Product Manager for Import Products and Services. In the International Banking community Charnell is recognized as a Trade Expert with over 34 years of experience. She is on the BAFT-IFSA Board of Directors‚ the ICC Drafting Committee for ISBP‚ and serves as
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Of Financial and Managerial Accounting Managers According to Horngren‚ Sundem and Stratton in “Introduction to Management Accounting”‚ “Good management is a result of good information‚” (p.3). Collecting and compiling information about a company are the primary responsibilities of both financial and managerial accounting managers. Management accounting produces information for the managers in a company to help fulfill organizational objectives. “Financial accounting produces reports for
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