SYLLABUS ON BM220 MANAGEMENT ACCOUNTING AND CONTROL (except from PROF. LUIS Q. TRINIDAD) COURSE DESCRIPTION This course cover: the study of accounting concepts and techniques to control costs and reduce risks; a study of the framework for measuring management performance; the application of accounting tools for evolving financial management policies; and understanding of financial tools to aid in decision making. Among the subjects covered include basics accounting concepts‚ financial statement
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objectives and the roles of financial accounting “Accounting is an information system that identifies‚ records‚ and communicates the economic events of an organization to interested users.”1. The basic objective of accounting is to provide information to the interested users to enable them to make business decisions and “Financial statements are the primary means of communicating financial information to parties outside the business organization.”2. Moreover‚ accounting can give the essential information
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2000‚ the company’s annual planning process related to the incentive systems was a bottom-up process where each operating divisions proposing their earning targets and how they will achieve them. Each division was united under a common goal: maximize shareholders’ value. Berkshire’s Objectives of its Incentive Plan Ever since Berkshire went public‚ it instituted an incentive plan for division and lowel-level managers. The system was built to achieve three objectives; to ensure the congruence between
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Republic of Vardar Revenue forecasts: Expected Tax Collections PAD 505 June 8‚ 2012 Abstract At independence in November 1991‚ the Republic of Vardar (named after the Vardar River Valley) was the least developed of the Yugoslav republics. Although the poorest of the six former Yugoslav republics‚ the country nevertheless can sustain itself in food and energy needs using its own agricultural and coal resources. From 1998 to 2000 real GDP growth averaged a little
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Unresolved‚ by: Rada Chantrasakaowong The Apollo Hoax. Since we were young‚ we have heard about the Apollo moon landing‚ but is that true? First of all‚ what is NASA? The National Aeronautics and Space Administration (NASA) is the agency of the United States government that is responsible for the nation’s civilian space program and for aeronautics and aerospace research. One of NASA program was “Apollo”. The Apollo program was the spaceflight effort carried out by the United States’ National
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An accounting information system (AIS) is a structure that a business uses to collect‚ store‚ manage‚ process‚ retrieve and report its financial data so that it can be used by accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers (CFOs)‚ auditors and regulatory and tax agencies. In particular‚ specially trained accountants work with AIS to ensure the highest level of accuracy in a company’s financial transactions and recordkeeping and to make financial data easily available
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Harrington Collection Sizing Up the Active-Wear Market Marketing Management 1. What is your evaluation of the women’s apparel industry and Harrington’s position? How has the average price of women’s apparel changed? What is your evaluation of their financial performance? The Women’s Apparel Industry The U.S. women’s apparel industry market is mature‚ given that the average growth rate from 2005 to 2007 was 4.66%. Within the industry‚ there are 6 categories of clothing in which
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Internal Control and Accounting Systems – Standards ICAS (Level 4) - Standards 1 Title (and reference number) Level Credit value Principles of Internal Control (Knowledge) 4 3 Assessment criteria – learners can: Describe the purpose‚ structure and organisation of the accounting function and its 1.1 relationships with other functions within the organisation. Explain the various business purposes for which the following financial information is required • income statement (profit and loss
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Kudler Accounting System Paper Jon Lazar BSA/310 January 23‚ 2012 Jaclyn Krause Kudler Accounting System Paper These days it is especially important to pay attention to details when it comes to deciding if your accounting system is providing the kind of information that may be required of you to produce. I think legal requirements and government regulations are becoming more demanding as to what they expect to see if someone such as the I.R.S. were to show up and ask for an audit. I
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Statement Four Revenue recognition issues top the list of reasons for financial reporting restatements and one of the methods for creative accounting practices. Table of Contents Table of Contents 1 Introduction 3 Literature Review 4 Revenue recognition 4 Sale of goods 4 Rendering of services 5 Interest‚ royalties‚ and dividends 5 Creative Accounting 5 To meet internal targets 6 Meet external expectations. 6 Provide income smoothing. 6 Taxation 6 Change in management
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