1- Management Accounting in Context Budget Quantitative expression of a proposed plan of action by management for a specified period and an aid to coordinating what needs to be done to implement that plan Chartered Institute of Management Accountants International professional body of management accountants with members in 165 countries‚ including Australia Chief Financial Officer Executive responsible for overseeing the financial operations of an organisation. Also called financial director Control
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The History of the Atom Hypothesis according to Aristotle (350 BC): All matter consists of the elements earth‚ air‚ fire‚ and water. Experiment: A tree grows from the earth as water is added. The tree is then set on fire in an effort to form new elements. 1. What kind of results would be observed from this experiment? Fire‚ ash (earth)‚ smoke (air) 2. Would these observations support or reject the hypothesis? Explain. Support. No elements have been produced that are something other than
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Chapter 5 Obtaining energy and nutrients for life CHAPTER REVIEW Key words absorption alimentary canal amylase anus autotrophic autotrophs bile bile duct bolus carnivores cellular respiration chloroplasts chyme colon cystic fibrosis digestion digestive system duodenum emulsification enzymes faeces foregut fermenters gall bladder gastric juice herbivores heterotrophic heterotrophs hindgut fermenters ileum jejunum lacteals large intestine liver mucus oesophagus omnivores pancreas pepsin
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CHAPTER 22 Multiple Choice 22-1: b. (P500‚000 – P300‚000) 22-2: d. The total tuition fees for educational and general purposes. 22-3: d. (P1‚240‚000 – P160‚000) 22-4: a. Unrestricted cash contribution received from donors are to be reported as increase in net cash provided by operation. 22-5: d. The remaining contribution of P5‚000 on December 31‚ 2004. 22-6: b. Unregistered pledges from donors are treated as revenues at the time of the pledge. 22-7:
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of 60 0.0/ 1.667 Points Reproduction refers to the formation of new cells for growth only. True False Answer Key: False Feedback: Please review chapter 1. Question 2 of 60 1.67/ 1.667 Points All of the following are examples of organs EXCEPT A. heart. B. gallbladder. C. stomach. D. brain. E. muscle. Answer Key: E Feedback: Good job! Question 3 of 60 1.67/ 1.667 Points All of the following belong to feedback systems which control
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Chapter 19 Outline Questions 1. How did the open field system work? Why was much of the land left uncultivated while the people sometimes starved? System that divided land to be cultivated by peasants of a village into several large fields‚ which were in turn cut up into narrow strips‚ individual or peasant family held scattered strips‚ farmed each field as a community. Common lands were set aside for herd and natural pasture. Eastern European peasants worked some days without pay. 2. What
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Chapter 19 Key IDs Isabella & Ferdinand (Castile & Aragon) - Monarch of largest Christian kingdoms in Iberia;marriage to Isabella created united Spain;responsible for reconquest of Granada‚initiation of exploration of New World. Hispaniola - First island in Caribbean settled by Spaniards;settlement founded by Columbus on second voyage to New World; Spanish base of operations for further discoveries in New World. encomienda - a grant by the Spanish Crown to a colonist in America conferring
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Chapter 10: Analysis and Valuation of Privately Held Companies Answers to End of Chapter Discussion Questions 10.1 What is the capitalization rate and how does it relate to the discount rate? Answer: The terms discount rate and capitalization rate are often used interchangeably. Whenever the growth rate of a firm’s cash flows is projected to vary over time‚ the term discount rate generally refers to the factor used to convert the projected cash flows to present values. In contrast‚ if the cash
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CHAPTER 1 INTRODUCTION TO COST ACCOUNTING QUESTIONS 1. Management accounting stresses the informational needs of internal users over those of external users (the focus of financial accounting). Because of this perspective‚ management accounting provides information in a format that is flexible and relevant to a particular manager‟s usage. Financial accounting‚ on the other hand‚ must provide some uniformity in the manner in which information is presented for it to be comparable among companies and
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the second project will result in smaller earnings reported to shareholders than the first. How might management’s observation influence its choice between the two investment projects? Ans: Sometimes‚ because of the conservatism of financial accounting‚ expenditures that are "investments" are not capitalized‚ but are written off currently‚ depressing current earnings but boosting future earnings. Such a phenomenon may well influence management to prefer projects with short-term benefits at the
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