The purpose of this report is discussing the case of Wilkerson Company that confronting tough competition in price cutting in pumps which caused to a big drop of pre-tax operating income from 10% to 3%. After observing the existing costing allocation‚ we found out there is an issue on the existing costing report that the manager could not be able to see the real situation. In light of this‚ there will be brought to the discussion on the feasibility of using an alternative costing method – Activity
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The Fairy Tale Tradition Fairy tales occupy a unique niche in the literary world. They are the subject of intense and extensive academic discourse at the same time as they are animated and commercialized for children by major production companies. The identity of the fairy tale as literature is hotly contested. Angela Carter’s view on fairy tales was that they were on the same "cultural level" as classic works like Paradise Lost. In contrast to Carter’s view‚ an experienced librarian at a major
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What makes us human? Are humans really biologically and socially different from the rest of the created world? Is there any special characteristic that separates us from other species or any other forms of life‚ or humans are just an improvement on the body and shape of other animals‚ the processes of millions of years? There were many attempts to answer these questions. As scientists studied the human body and skeleton‚ it helped them to recognize the remain between humans and apes‚ for example
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The Financial Accounting Standards Board (FASB) has been working for ten years to bridge the gap between the United States’ Generally Accepted Accounting Principles (GAAP) and the International Accounting Standards Board (IASB). As part of this movement‚ Russell Golden‚ the chairman of the FASB‚ indicated that he would like to focus on making corporate disclosures more consistent. By doing so‚ it would be easier for investors to compare companies from different sectors. The FASB is “working on a
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IFRS Conversion Challenges Meghan O’Donnell January 18‚ 2015 ACG5135 The adoption or convergence of United States Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards (IFRS) has been quite an arduous journey for all parties involved. Although the two possibilities are very different‚ one thing is certain; IFRS is coming to America. Accounting professionals have been resistant to an adoption‚ but most agree there must be a single
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The laws of war The IHL and Geneva conventions are mainly known as the organizations that keep morals and sense in armed conflicts otherwise known as wars. These organizations place laws during war‚ if these laws hadn’t been put in place during 1949 I don’t think many of us would be here today. The main international agreements are the four Geneva Conventions of 1949. Nearly every country in the world is part of these treaties‚ they protect four different categories of war victims the wounded
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based on how they effectively address and consolidate their core products‚ supplementary services‚ and delivery actions. A- Core Products Core products are the set of attributes and values that customers are waiting to receive from a specific company‚ also those products represents the solutions of problems faced by customers and users that can satisfy their needs. The core product in the Education industry is the ability to deliver all the needed information and experiences for the students that
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QUESTIONS FOR MID-TERM EXAM 1. All the users of interested parties (users of information) have equal possibility/rights/power to get company’s financial information. Do you agree with this statement (give you arguments)? How financial statements are useful to the various interested parties (users of information)? Financial accounting’s aim is to allow all the users of interested parties to understand firm’s situations in global and synthetic way. The financial statement produce information
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The world of accounting opens doors of opportunity for investors‚ stockholders and many businesses and organizations. However‚ accountants must follow guidelines established by “The American Institute of Certified Public Accountants”. (AICPA) Council designated the Federal Accounting Standards Advisory Board or (FASAB) as the body that establishes generally accepted accounting principles (GAAP). Accounting Standards GAAP is considered to be collection of methods used to prepare‚ process and
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graduation ceremony last year and was genuinely impressed by a quotation used in the keynote address: What lies behind us and what lies ahead of us are tiny matters compared to what lies within us. The speaker credited Ralph Waldo Emerson and that sounded plausible to me‚ but when I searched on the internet to find a specific reference I was surprised to discover substantial disagreement. Some websites do attribute the words to Emerson‚ but other websites favor Oliver Wendell Holmes‚ Jr.‚ and yet others
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