Expectations will be posted during the first week. COURSE TITLE: Case Studies in Management Accounting COURSE NUMBER: MSAA/MBAA 609 COURSE DESCRIPTION: Develops students’ management accounting techniques and skills needed to make ethical profit-maximizing decisions. Emphasizes data selection‚ analysis‚ decision making and evaluation of results in complex‚ realistic situations. PREREQUISITE COURSES: MBAA 602/MSAA602; Interpreting Accounting Information COURSE OUTCOMES: Upon completion of this course‚
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variable overhead activities that add value for customers using the product or service‚ and 2. Planning to use the drivers of costs in those activities in the most efficient way. 8-2 At the start of an accounting period‚ a larger percentage of fixed overhead costs are locked-in than is the case with variable overhead costs. When planning fixed overhead costs‚ a company must choose the appropriate level of capacity or investment that will benefit the company over a long time. This is a strategic
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one of the separate legal entities is not necessary for a business combination. An example of one form of business combination in which the separate legal entities are not dissolved is when one corporation becomes a subsidiary of another. In the case of a parent-subsidiary relationship‚ each combining company continues to exist as a separate legal entity even though both companies are under the control of a single management team. 3 A business combination occurs when two or more previously separate
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|Management Advisory Services | |by Franklin T. Agamata‚ MBA‚ CPA | |Suggested Key Answers Multiple Choice Questionnaires | |2009 Edition
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Chapter 10 Plant Assets‚ Natural Resources‚ and Intangibles QUESTIONS 1. A plant asset is tangible; it is used in the production or sale of other assets or services; and it has a useful life longer than one accounting period. 2. The cost of a plant asset includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. 3. Land is an asset with an unlimited life and‚ therefore‚ is not subject to depreciation. Land improvements have
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73 Chapter 6 Deductions: General Concepts and Trade or Business Deductions SUMMARY OF CHAPTER Tax deductions are allowed to taxpayers only if specifically authorized by the Internal Revenue Code. Deductions allowable to individual taxpayers fall into four categories: trade or business expenses‚ expenses incurred for the production of income‚ losses‚ and personal expenses. In addition to discussing the general requirements for deductibility for each of the above types of expenses‚ this chapter also
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Financial Accounting Theory and Analysis” Text and Cases Case 1-2 Accounting Ethics a. What‚ if any‚ ethical issue is involved in this case? Legally the financial vice president is not obligated to move to the new standard; however‚ I do see an ethical issue with this decision. The ethical decision lies in the fact that the vice president is knowingly presenting financial statements that do not reflect the true condition of the company. This is a great example of the line between ethics
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Chapter 6 Momentum Analysis of Flow Systems Chapter 6 MOMENTUM ANALYSIS OF FLOW SYSTEMS Newton’s Laws and Conservation of Momentum 6-1C Newton’s first law states that “a body at rest remains at rest‚ and a body in motion remains in motion at the same velocity in a straight path when the net force acting on it is zero.” Therefore‚ a body tends to preserve its state or inertia. Newton’s second law states that “the acceleration of a body is proportional to the net force acting on it and is inversely
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Chapter 16 “How Well Am I Doing?” Financial Statement Analysis Solutions to Questions 16-1 Horizontal analysis examines how a particular item on a financial statement such as sales or cost of goods sold behaves over time. Vertical analysis involves analysis of items on an income statement or balance sheet for a single period. In vertical analysis of the income statement‚ all items are typically stated as a percentage of sales. In vertical analysis of the balance sheet‚ all items are typically
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BRIEF EXERCISES Brief Exercise 4–1 PACIFIC SCIENTIFIC CORPORATION Income Statement For the Year Ended December 31‚ 2013 ($ in millions) Revenues and gains: Sales .................................................................. Gain on sale of investments ............................. Total revenues and gains .............................. $2‚106 45 2‚151 Expenses and losses: Cost of goods sold ............................................ Selling..............................................
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