Management Accounting Contents 1. Introduction 3 2. Traditional costing system and its limitations 3 3. Activity-Based Costing 4 4. Case Question 4 5. Analysis of the different result between traditional costing system and ABC system
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3101AFE ACCOUNTING THEORY AND PRACTICE TUTORIAL 1 - Semester 2 2014 Deegan Topic 1: Introduction to financial accounting theory QUESTION 1 - Question 1.8: What is the difference between developing a theory by induction and developing a theory by deduction? As explained in this chapter‚ theory that is developed through induction is developed as a result of undertaking a series of observations of particular events‚ and on the basis of these observations‚ a theory is developed. Early
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Introduction to Management Management nowadays can be seen as one of the most important factors to determine the success of one’s organisation or any business activities. Donnelly et al‚ (1987) emphasized that there are two important reasons on why we should study about management. The first reason is modern society today depends on specialised institutions and organisations to provide goods and services that we desire daily. These organisations are guided and directed by decisions of one or more
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current year: Nov. 1 Began a public accounting practice by investing $4‚000 in cash and office equipment having a $3‚300 fair value. Nov. 2 Purchased on credit office equipment‚ $900‚ and office supplies‚ $150. Nov. 4 Completed accounting work for client and immediately received a payment of $400 cash. Nov. 8 Completed accounting work on credit for Acme Loan Co.‚ $600. Nov. 10 Paid for the items purchased on credit on November 2
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Executive Summary The Cost Management and Product Management Accounting Techniques adopted by Puma are essentially reported on thereby describing the company’s strategic positioning and the challenges faced by Puma in implementing is techniques. PUMA was established in 1924 by founding brothers Schuhfabrik Rudolf Dassler and Adi Dassler and was renamed PUMA Schuhfabrik Rudolf Dassler in 1948 when Adi left the company to start his own shoe company‚ Adidas. This revolution of management came to understand
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Management in business and human organization activity‚ in simple terms means the act of getting people together to accomplish desired goals. Management comprises planning‚ organizing‚ ->resourcing‚ leading or directing‚ and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources‚ financial resources‚ technological resources‚ and natural resources. Management
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Introduction to Financial Accounting 1. A _____ year ends on a date that is determined by the firm‚ perhaps based on its business model (for example‚ many retailers choose the end of January). physical natural fiscal business cycle Normal ANS: C 2. An income statement connects two successive _____ through its effect on retained earnings. a. balance sheets b. cash flow statements c. cash receipts and disbursement statements d. funds flow statements e. financing statements
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TEST QUESTIONS: Questions 1-3 refer to the following: The following selected data for March were taken from Rubenstein Company’s financial statements: Cost of goods available for sale Manufacturing overhead Cost of goods manufactured Finished goods inventory ‑ ending Direct materials used Sales Selling and administrative expenses Direct labor Work in process inventory ‑ beginning $ 65‚000 20‚000 51‚000 10‚000 15‚000 105‚000 30‚000 20‚000 0 1. The gross
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201 - Marketing Management. 1. Marketing Concepts – Marketing Concept‚ Marketing Process‚ Marketing Mix‚ Customer value‚ Customer Satisfaction and delight‚ Functions of Marketing 2. Marketing Planning- Analysis of Marketing opportunity‚ Product Market Selection‚ Process of Marketing Planning and Contents of Marketing Plan 3. Sales Forecasting Concept and methods‚ Introduction to Marketing Research-Process- Scope‚ Obstacles in acceptance. 4. Consumer Behaviour- Factors influencing consumer
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Overall requirement * Explain how management accounting can supply information to assist the management of the organisation. * You are not required to investigate and report on the organisation’s actual management accounting system (even if you can find out). * You are to write a 1500 word report as though you were a management consultant writing to the board of directors. * WE DO NOT WANT ANY NUMBERS UNLESS YOU CREATE THEM TO DEMONSTRATE AN IDEA * This is like assessment 1a –
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