Accountancy AC5521 Cost and Management Accounting Semester B‚ 2012-2013 Instructor: Dr. Hao ZHANG Tel: Office: Email: Office Hours: Time Venue 3442-8546 G7752 haozhang@cityu.edu.hk Wed 3:00 pm to 6: pm Thursdays (9:00 am – 11:50 am) AC1 P4701 Course Aims This course aims to provide students with: 1. 2. 3. 4. an introduction to cost and management accounting for internal reporting and decision making purposes; familiarity with cost terminology‚ and management accounting reports; the ability
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describe the concept of managerial decision-making. It will look specifically at the ‘Rational Decision-Making Model’‚ exploring the shortcomings of this approach‚ and will suggest possible ways a manager could overcome these issues when striving to make a rational decision that will bring benefit to an organisation. Throughout this essay‚ empirical research and examples from academic literature will be presented to illustrate the discussion. Decision-making is arguably the single most important
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Short-Run Decision Making Short-run decision consists of choosing among alternatives with an immediate or limited end in view. Accepting a special order for less than the normal selling price to utilize idle capacity and to increase this year’s profits is an example. Thus‚ some decisions tend to be short run in nature and sometimes are referred to as tactical decisions; however‚ it should be emphasized that short-run decisions often have long-run consequences. Consider a second example. Suppose
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CAUSAL EFFECT OF CREATIVE ACCOUNTING ON FINANCIAL REPORTING AND DECISION MAKING. (A Survey of Selected Financial Institutions in Nigeria)-jetibensi@yahoo.com By: Jackson Etibensi A Concept Note Submitted to the University of Calabar‚ Graduate School as Prerequisite for Admission into MSc. Accounting‚ Faculty of Management Sciences. INTRODUCTION: Financial Statements provides information that is used by interested parties (users) to assess and appraise the performance and financial Status of
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notebook computer).Explain your decision –making process and what source of information did you use in making the decision to buy the article? The decision making is the very important in our business environment because as we know many company are trying to get rare resource so we cannot do mistake in decision making to buy something expensive things .As a manager‚ the manager need to know how to decide the decision and need to think continuously about his decision .The manager want to the computer
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bank generates a profit from the differential between the level of interest it pays for deposits and other sources of funds‚ and the level of interest it charges in its lending activities. In recent history‚ investors have demanded a more stable revenue stream and banks have therefore placed more emphasis on transaction fees‚ primarily loan fees but also including service charges on an array of deposit activities and ancillary services. Lending activities‚ however‚ still provide the bulk of a commercial
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Contents 1. Decision making .................................................................................................................................. 2 1.1. 1.2. Information systems.................................................................................................................... 2 1.3. 2. What is decision making? ........................................................................................................... 2 The process of decision making .......
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Decision making is the process by which members of an organization choose a specific course of action to respond to the opportunities and problems that confront them. Good decisions help an individual‚ group‚ or organization to be effective. Bad decisions hinder effectiveness and result in poor performance and negative attitudes at all organizational levels. Nonprogrammed decision making involves searching for extra information that is needed to make the right choice. Its also decision making in
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Imperial College Business School‚ London 18th December 2014 Group Assignment Management Accounting Submitted to: Professor Jeremy Fernando Submitted by: Group E‚ Stream 2 Alaine Sung | Hadrien Jacomino | Mokhtar Ibrahim | Nikhil Gangwani | Ronami Ogulu | Yana Kim Q1 What‚ if anything‚ should John Powell do about Frank Duffy’s reluctance to use KEA-priced linerboard manufactured by a Del Norte Paper Company mill in the United States? Answer 1: Transfer pricing: is
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Cost Concepts Semester II Basic Terms • Cost is the amount of expenditure‚ actual (incurred) or notional (attributable)‚ relating to a specific thing or activity. The specific thing or activity may be a product‚ job‚ service‚ process or any other activity • Expenses are expired costs‚ incurred and totally used up in generation of revenue • Loss is lost cost. The term ‘loss’ is used to describe mainly two accounting events. In traditional financial accounting it is used to denote a situation
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