Ms.Rine BAF3M1 Option 2 Derek Leung March 20th/13 As the Chief Accountant/Controller for Metalco Mines‚ over the past years Metalco’s net income was continuous start to decrease. With mining being with the most employees in the year of 2010 with 4000 employees.(Greater Sudbury‚ Economy) Mining in Sudbury is where the economy is. Being the chief accountant at Metalco‚ it was at the peak of there business with a strong net income with $120‚000‚000 in 2006. With Metalco’s income decreasing year
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Accounting is more than just adding numbers and being good at math. Accountants have to “ensure that financial records are accurate and that taxes are paid properly on time.” (Bureau of Labor Statistics [BLS]‚ 2012‚ para. 1). There are several different types of accounting. These types include‚ auditors‚ forensic‚ public‚ tax professional‚ financial advisor‚ and consultants. It takes a lot of hard work and dedication to become an accountant. You have to go through years of school to earn your degree‚ already
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department may suffer from an overpriced product of candy bars‚ chews and other sweets since each division is a profit centre and tries to maximize their profit. As a result‚ organizational goals are ignored or overlooked. ROLES OF MANAGEMENT ACCOUNTANT Over the years‚ it is believed that ‘new’ techniques have been introduced to overcome a claim that ‘outdated’ management accounting practices had provided misleading information for planning‚ controlling‚ decision making and communication. The
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Boards (GASB) - The FASB and GASB’s primary functions are the development of generally accepted accounting principles for business and not-for-profit entities‚ and state and local governmental entities. * American Institute of Certified Public Accountants (AICPA) - After the statements and interpretations issued by both boards‚ the AICPA recognized them as constituting GAAP * Securities and Exchange Commission (SEC) – The SEC has the authority to establish GAAP for companies under its jurisdiction
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Business Law Notes © 2012 Certified Management Accountants of Ontario. All rights reserved. Business Law Notes Page| i PART 1: LEGAL FUNDAMENTALS .............................................................................................1 SECTION 1-1: INTRODUCTION TO LAW ......................................................................................... 1 Definition and Purpose of Law............................................................................................
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university I found an internship that gave me the experience needed to start my desired career. I always dreamed of having a six-figure salary and becoming high-class straight out of college‚ but after graduation day I started my career as a basic accountant. At this time‚ I felt that my career was in a stale and stagnant position. Only once I sought higher education and passed a few exams did I make notable progress in my career. After I developed my education and earned my Master’s Degree‚ I managed
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Jones and Shepard Accountants‚ Inc. In 2001‚ Jones and Shepard Accountants‚ Inc. (J&S) was ranked eighteenth in size by the American Association of Accountants. In order to compete with the larger firms‚ J&S formed an Information Services Division designed primarily for studies and analyses. By 2005‚ the Information Services Division (ISD) had fifteen employees. In 2006‚ the ISD upgraded its computer network and purchased state-of-the-art software. With this increased capacity‚ J&S expanded
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even point is defined as the point below which a business cannot operate. At this point‚ the business should be able to cover all its costs‚ which are fixed and variable costs. It is measured in either product units or dollars. Bill French‚ Accountant The break even analysis is a very important tool to help any firm in deciding on the best operational volume. It requires three types of costs namely the fixed cost‚ variable cost and selling price (Dayananda‚ et al‚ 2002). As Bill French puts
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Accountant Job Description | | |Job Title: |Accountant |Division/Department |. .Dubai Branch.............. | | | |Reports to: |Asst Sales Manager | | | |SUMMARY
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Chemistry II lab Why do liquids evaporate at different rates? Section1: Have you ever left a container with some type of liquid in it and wondered how it could it evaporate so quickly? The evaporation of an unpredictable liquid is an endothermic process that results in a temperature decrease. The amount of temperature decrease is related to the strength of intermolecular forces of attraction. The rate of evaporation can be described as the change of temperature divided by the time it takes to
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