Paper P9 – Management Accounting Financial Strategy Post Exam Guide May 2006 Exam Examiner’s General Comments The performance on Paper P9 was extremely disappointing. Many candidates appeared to have done little preparation. It was noted in the November 2005 Post Exam Guide that many candidates demonstrated poor knowledge of even quite basic financial calculations and that their grasp of many basic concepts was also limited. These weaknesses are still evident in May 2006. A further weakness was the
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1 Quarter 2 Quarter 3 Quarter 4 Totals Forecast Demand 5000 7000 8500 9500 30‚000 Production 7500 7500 7500 7500 30‚000 Ending Inventory 2500 3000 2000 0 Average Inventory 1250 2750 2500 1000 Inventory Cost 7500 16500 15000 6000 45000 9.14) If the annual cost of goods sold is $12‚000‚000 and the average inventory is $2‚250‚000: What is the inventory turns ratio? $12‚000‚000 = 5.33 $2‚250‚000 What would be the reduction in average inventory if‚ through better materials management‚ inventory
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Case Study A – The Boeing Company Q1 about analyzing the tasks of the activity in terms of value‚ time‚ frequency and cost. - What criteria were used to classify tasks as value-added (PE and PI) or nonvalue-added (SE and SI)? - Is an activity value-added if it changed the form‚ fit‚ or function of the product‚ for which the customer is willing to pay? - Why is operation 070.00 classified as SE? - What is the task time versus flow time for the operation 060.00 under 737 EBU? - Why were the
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Question – Chapter 2: Research Problem 2 When Oprah gave away Pontiac G6 sedans to her TV audience‚ was the value of the cars taxable? On Labor Day weekend in 2006‚ World Furniture Mall in Plano‚ Illinois‚ gave away $275‚000 of furniture because the Chicago Bears shut out the Green Bay Packers in the team’s football season opener at Lambeau Field in Green Bay (26-0). Was the free furniture in the form of a discount or rebate taxable‚ or should the furniture company have handed the customers a Form
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According to Burger (2008) “Accounting is the language of business. A lot of people think it ’s just numbers‚ but it ’s really a lot more than that. There are a lot of areas outside of numbers that need to be looked at‚ processes and procedures‚ what the tone of the company is. Accounting will take you in just about any direction in a company." ~ Wade Becker‚ CPA‚ Beard‚ Miller Co. The job description of many professions is changing nowadays. The skills to perform a certain job require more skills
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Maritime Greenwich Business Accounting & Finance ACCO1116 Financial & Management Accounting (MAIB) M TWO HOURS August 2008 Course co-ordinator: Dr Agnieszka Herdan INSTRUCTIONS TO CANDIDATES Answer TWO questions only. All questions carry equal marks. This is a CLOSED book examination Students are permitted to use non-programmable calculators. THIS PAPER MUST NOT BE REMOVED FROM THE EXAMINATION ROOM August 2008 - RESIT Course Title Financial & Management Accounting (MAIB) Course Code ACCO1116
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1) The standards and rules that are recognized as a general guide for financial reporting are called __________. D. generally accepted accounting principles 2) What is value chain management best defined as? A. All activities associated with providing a product or service 3) These are selected account balances on December 31‚ 2008. Land (location of the corporation’s office building) $150‚000 Land (held for future use) 225‚000 Corporate Office Building 900
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UNIT 16 TASK 2 For P3‚ just copy and paste the motivation homework but add reward schemes. For M2‚ learners must compare how different theories of motivation contribute to the techniques used for employee motivation in an organisation. The wage earned by a crew member at McDonalds is motivating in itself because it offers a reasonably well-paid hourly rate for a 16 year old. Being part of a crew recognises a person’s social need to belong to a group. Managing a branch is not particularly well paid
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calculator only. Total marks allocated as follows: Section Mark Achieved I Multiple Choice Questions /21 marks II Short Answer Questions /20 marks III Problem 1: Job Costing /16 marks Problem 2: Process Costing /12 marks Problem 3: ABC Problem /15 marks Problem 4: CVP Problem /16 marks Total 100 marks possible Please clearly fill out all of the following information according to your T-card: LAST name (print): FIRST name (print): STUDENT #:
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control system 1) To combine the ideas of all levels of management in the preparation of a budget. 2) To coordinate all the activities of the business so that each is part of an integral total. 3) To centralized control for example to control each function so that the best possible results may b obtained. 4) To decentralizes (delegate) responsibility to each manager involved. 5) To act as a guide for management decision when unforeseeable conditions affect the budget.
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