The Manager and Management Accounting BUSI 0028 Sem 2‚ 2012/13 Dr. Olivia Leung © 2012 Pearson Education. All rights reserved. Accounting Discipline Overview Managerial accounting—measures‚ analyzes‚ and reports financial and nonfinancial information to help managers make decisions to fulfill organizational goals. Managerial accounting need not be GAAP compliant. Financial accounting—focus on reporting to external users including investors‚ creditors‚ and governmental
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system is to collect‚ store and process data into information‚ through the assistance of a set of interrelated components. The processed information is later distributed to support decision making in an organisation (Oz‚ 2006). Information system can be decomposed to two main elemental subsystems namely as Accounting Information System (AIS) and Management Information System (MIS). AIS mainly process financial transactions of an organisation. However‚ it also processes some non-financial transactions
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Phase 3 IP CTU Online MGMT600-1301A-05: Applied Managerial Decision-Making To use the Chi-square distribution‚ the quantitative variable sales volume has to be converted into categories or groups such as “Achieved Target” vs. “Did not achieve target”. 1) A chi-square test that can be carried out in this context is to see whether the automated contact system affects whether or not the sales force achieve their targets. Null Hypothesis (HO): There is no relationship between
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Managerial and Financial Accounting Report FIN540 Accounting for Managerial Decision Making Abstract Financial accounting develops account information that is used by external parties such as stockholders‚ suppliers‚ banks‚ and government regulatory agencies in their decision-making. Management accounting develops confidential accounting information that is used by managers within an organization. Management accounting is a complex process of identifying‚ accumulating and analyzing information
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Chapter 1 Introduction: The Role‚ History‚ and Direction of Management Accounting MULTIPLE CHOICE C 1. One of the objectives of management accounting is to provide a. stockholders and potential investors with useful information for decision making b. banks and other creditors with information useful in making credit decisions c. management with information useful for planning and controlling operations d. the Internal Revenue Service with information
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costing b. A golf course designer – job order costing c. A potato chip manufacturer – process costing d. A business consultant- job order costing e. A plywood manufacturer – process costing f. A Soft drink bottler- process costing g. A film studio – job order costing h. A firm that supervisors bridge construction projects- job order costing i. A manufacturer of fine custom jewelry- job order costing j. A made to order garment factory – job order costing k. A factory making one personal
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rests in a position of priority within my ethical decision-making model. The code is highly valued in my daily processes as a student to include the lens used to dissect and review evidence-based research and any research I will propose or conduct in the future. I have discovered that evidence-based research is not necessarily ethically correct when analyzed with my ethical model and identity. Because of individual differences‚ my ethical decision-making pyramid is not for everyone‚ especially since
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Critical thinking and ethical decision making are crucial for academic success as well as career success. Both critical thinking and ethical choices allow an appreciation of diverse points of view using analytic approaches‚ create a tolerance for and an appreciation of ambiguity‚ allow for creative problem-solving‚ and give the ability to integrate knowledge from diverse viewpoints into unified ideas and strategies. To better understand how critical thinking and ethics impacts our success‚ we must
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complete ethical decisions making over ethical dilemmas that can cause life or death‚ or even everyday common decisions. Ethical decision making is a process of evaluating different ethical dilemmas that help people make difficult choices when they are faced with an ethical dilemma. Anyone can experience having to make an ethical decision of an ethical dilemma. An ethical dilemma can occur in any type of workplace ranging from schools‚ to hospitals‚ to a local grocery store. Ethical dilemmas
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estimates were: manufacturing overhead cost‚ $126‚000; and direct labor cost‚ $84‚000. The company has provided the following data in the form of an Excel worksheet: [pic] .:. Required: 1. a. Compute the predetermined overhead rate for the year. b. Compute the amount of underapplied or overapplied overhead for the year. 2. Prepare a schedule of cost of goods manufactured for the year. 3. Compute the cost of goods sold for the year. (Do not include any underapplied or overapplied overhead in
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