between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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Chapter 8 Activity-Based Costing: A Tool to Aid Decision Making Solutions to Questions 8-1 Activity-based costing differs from traditional costing systems in a number of ways. In activity-based costing‚ nonmanufacturing as well as manufacturing costs may be assigned to products. And‚ some manufacturing costs—including the costs of idle capacity—may be excluded from product costs. An activity-based costing system typically includes a number of activity cost pools‚ each of which has its
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me how strong these children truly are. Reading about Ron Jones and his journey with his campers at Camp Wiggin warmed my heart and I’ll probably never think of these children as I did before. Reading this book showed me the perspective that people without disabilities have about people who do‚ and it broadened my outlook on the word “disability”. Originally I would link the word “disabled” to only children with a mental handicap‚ but Ron Jones showed me that to be disabled can be so much more
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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Accounting‚ Organizations and Society 30 (2005) 99–126 www.elsevier.com/locate/aos Management accounting system design in manufacturing departments: an empirical investigation using a multiple contingencies approach Jonas Gerdin * € € Department of Business Administration‚ Orebro University‚ SE-701 82 Orebro‚ Sweden Abstract This paper proposes a multiple contingencies model that examines the combined effect of departmental interdependencies and organization structures on management accounting system
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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Howard Zinn and Paul Johnson Howard Zinn‚ born August 24‚ 1922‚ grew up in the slums of New York City. He recalls moving around a lot as his father ran candy stores during the Depression. He graduated from Thomas Jefferson High School and became a pipe fitter in the Brooklyn Navy Yard. It was here that he met his wife‚ Roslyn Shechter. Zinn was a revolutionary and an activist. He spent his early life organizing labor rallies and participating in marches for civil rights. In 1943‚ Zinn joined
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The Secretary of Transportation is the head of the Department of Transportation (DOT)‚ an agency of the federal government that is responsible for overseeing the national interests‚ development‚ and infrastructure needs regarding transportation throughout the entire country. The department was created in 1966 under the leadership of President Lyndon Johnson after conflict arose between the Defense Department and the Federal Aviation Agency over regulations on supersonic aircraft. With this new
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Statements on Management Accounting PRACTICE OF MANAGEMENT ACCOUNTING TITLE Definition and Measurement of Direct Material Cost TABLE OF CONTENTS Definitions . . . . . . . . . . . . . . . . . . . . . . . . . Materiality . . . . . . . . . . . . . . . . . . . . . . . . . Material Quantities . . . . . . . . . . . . . . . . . . . Material Lost in the Production Process . . . . Samples‚ Prototypes‚ and Initial Production Runs . . . . . . . . . . . . . . . . . . 1 2 2 2 3 Unit Price of Direct Material
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Chapter 8 Non-Current Liabilities Assessment Questions AS-1 ( 1 ) Name the typical forms of non-current debt. A typical and common form of non-current debt is a term loan from a bank. Another form of ______________________________________________________________________________ non-current debt is bonds. ______________________________________________________________________________ ______________________________________________________________________________ AS-2 ( 1 ) What is a bond
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