AC1010 Financial and Management Accounting for Managers Course Work for Semester 2 Submitted by: Emerson K.Yip G-number: Date: May 1‚ 2013 Table Content : Page 1. Calculation of Standard Cost per unit for each of the products 3 2. Reconciliation Statement between Standard cost at actual 7 production and Actual Cost of Production. 3. List of possible reasons for each of the variance
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Characteristics of Knowledge and Value Centered Managers Ten characteristics that I thought were necessary for an effective manager are: 1. Leadership - knowledge 2. Vision - value 3. Organization - value 4. Adaptability - knowledge 5. Motivation - knowledge 6. Quality - value 7. Strategic - knowledge 8. Satisfied - value 9. Flexible - value 10. Purpose – value In 200 to 300 words‚ each characteristic adds value to the organization in a number of ways
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Characteristics of a Knowledge- and Value-Centered Manager 10 characteristics necessary for an effective manager: Vision- knowledge centered Ability to motivate- value centered Efficiency- knowledge centered Organization- knowledge centered Control- knowledge centered Ability to plan- knowledge centered Positive attitude- value centered Sense perspective- value centered Respect- value centered Trust- value centered All of these characteristics add value for an effective manager. The first one
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Characteristics of a Knowledge and Value Centered Manager A knowledge and value centered manager is grounded in sound and accurate knowledge of the various themes that have developed throughout the history of management along with a commitment to values and ethical practice (Kettner‚ 2002). Any manager/supervisor/administrator in any field can be knowledge and value centered. Therefore I have assembled a list of characteristics that can be applied to great leadership in all fields and walks
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A little knowledge is a dangerous thing Meaning A small amount of knowledge can mislead people into thinking that they are more expert than they really are. Origin ’A little knowledge is a dangerous thing’ and ’a little learning is a dangerous thing’ have been used synonymously since the 18th century. The ’a little learning’ version is widely attributed to Alexander Pope (1688 - 1744). It is found in An Essay on Criticism‚ 1709‚ and I can find no earlier example of the expression in print:
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lives of those around them and on the world. A person may say something out of impulse that sounds bizarre‚ but when others realize what was said they begin to feel moved. Alexander Pope once said‚ "A little learning is a dangerous thing." (Phrase Finder) This essentially means a small amount of knowledge can cause people to think they are more expert than they are and consequently make unwise choices. An individual’s confidence of being an expert on a subject when in reality he is not can be a hazardous
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The Manager and Management Accounting Copyright © 2015 Pearson Education‚ Inc. All Rights Reserved 1. 2. 3. Distinguish financial accounting from management accounting Understand how management accountants help firms make strategic decisions Describe the set of business functions in the value chain and identify the dimensions of performance that customers are expecting of companies Copyright © 2015 Pearson Education‚ Inc. All Rights Reserved. 1-2 4. 5. 6. 7. Explain the five-step decision-making
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Knowledge Is Power “Knowledge is power. Information is liberating. Education is the premise of progress‚ in every society‚ in every family.” This was said by Kofi Annan and is also the main theme of my ISP novel‚ Little Brother by Cory Doctorow. This New York Times Bestseller is set during the aftermath of a terrorist attack in San Francisco and tells the story of a 17 year old boy named Marcus‚ the DHS and the X-Net. Marcus is your typical geeky teenager devoting all his energy into hacking
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Textbook case: Managerial Accounting for Managers‚ 2nd edition Noreen‚ Brewer and Garrison (McGraw-Hill/Irwin‚ 2008). Case 4-33 Cost Structure; Target profit and Break-Even Analysis Contribution Income Statement for all three scenarios: 15% commission 20% commission Own sales force Sales $16‚000‚000 $16‚000‚000 $16‚000‚000 Variable manuf. cost $7‚200‚000 $7‚200‚000 $7‚200‚000 Commissions $2‚400‚000 $3‚200‚000 $1‚200‚000 -Tot. variable cost ($9‚600‚000)
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-]How Managerial Accounting Adds Value to the Organization (See related pages) | | | Managers need information for all of the managerial activities described in the preceding section. That information comes from a variety of sources‚ including economists‚ financial experts‚ marketing and production personnel‚ and the organization’s managerial accounting system.Objectives of Managerial Accounting Activity List and describe five objectives of managerial accounting activity. | Managerial accountants
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