"Why is variable costing not allowed for gaap reporting" Essays and Research Papers

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    Corporate Reporting

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    ACC00713 Corporate Reporting Assignment 1 SOUTHERN CROSS UNIVERSITY ASSIGNMENT COVER SHEET For use with online submission of assignments Please complete all of the following details and then make this sheet the first page of each file of your assignment – do not send it as a separate document. Your assignments must be submitted as either Word documents (with .doc extension‚ NOT.docx)‚ text documents with .rtf extension or as .pdf documents. If you wish to submit in any other file format

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    Advantages of Kaizen Costing

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    ADVANTAGES OF KAIZEN COSTING There are certain basic principles which are followed in various Japanese companies which are listed below: - 1) Focus on customers: The Kaizen philosophy has only one prime objective of customers’ satisfaction. Kaizen permits no middle ground its either you provide best products and customer satisfaction or not. All the activities should aim at providing customer with whatever he wants and should help the firm long term objective of customers’ satisfaction at

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    CSR reporting

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    the structure of families‚ the quality of life and even the very future of the planet. Significantly‚ most companies are still not reporting relevant Corporate Social responsibility (CSR) information. Some studies have found that most CSR reporting is of descriptive‚ self-congratulatory nature‚ alluding more to good intentions than actual CSR programs and rarely reporting any bad news about companies’ relationship with the environment”. Corporations have significant impacts on society‚ people’s life

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    Mandated Reporting

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    Mandated Reporting Reporting child abuse often becomes an ethical dilemma because violating a client’s right to confidentiality and breaking the law are both considered unethical behavior. There are many factors a social worker must take into consideration when making a report of child abuse such as; circumstances of the suspected abuse‚ professional and ethical standards‚ and legal requirements. However‚ there are guidelines and a Code of Ethics to help social workers ensure this process is

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    Us Gaap Case Summary

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    under U.S. GAAP‚ include calculations‚ etc. + Pass off to Kathy/Chelsea to talk about Need space case. * Under US GAAP ASC 840-30 it would be treated as a capital lease * Lease term is> 75% of economic life * P.V. of MLP is > 90% of FMV of leased property * Record the asset and obligation at PV of MLP (ASC 840-30-30-1) * Depreciation- ASC 840-30-35-1 (a) and (b) gives guidance on how to depreciate when ownership transfers or not Under U.S. GAAP many things

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    had a couple of options to deal with this. While some people thought slavery was legal‚ some people thought slavery was wrong. All they had were bravery‚ leadership‚ and being able to read. Slaves were not allowed to read or write or learn about the alphabet. The slaves were only allowed to work and that was it. The slave owners valued literacy‚ but didn’t let the slaves learn it. They would have slaves deliver letters and knew that they wouldn’t read them because they didn’t know how to read

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    potential to best provide the common platform on which companies can report and investors can compare financial information.” The SEC has created a “Roadmap” or plan to convert US GAAP over to IFRS. According to The Committee of Sponsoring Organization of the Treadway Commission (COSO) Analysis of Fraudulent Financial Reporting 1998-2007‚ the most common fraud technique involved improper revenue recognition. This fact emphasizes the importance of proper revenue recognition and detailed standards in place

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    Steroids should not be allowed in sports. Steroids can have many side effects once you take it you can have high blood pressure and increased in growth of body hair. Even though it helps sports players‚ doesn’t mean it’s good to take for sport’s players. Performance-enhancing drugs disguise natural abilities and substitute for the dedication and focus that we admire. Getting performance-enhancing drugs is not easy and it can be risky. Everybody will be affected if one person takes steroids. I also

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    be confused with profit. The contribution of a product refers to how much it contributes to the fixed costs and profit of the business once variable costs have been covered. It can be calculated either per unit of output or in terms of total contribution of all units produced. Contribution ignores fixed costs and only considers any surplus left once variable costs have been subtracted from revenue. Hence‚ contribution is what a product contributes towards the fixed costs of the business and‚ once

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    Central Texas College continues to take its stand against second hand smoke. For me‚ having clean air‚ not smelling of cigarette smoke‚ and the disgusting littering that plagues our grassy areas is some of the many reasons that smoking should not be allowed at Central Texas College. Who does not want cleaner air? Being able to breathe freely is one of the greatest feelings in all the world. As a person who suffers from a severe allergy

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