Managerial Accounting Essays and Term Papers
412 Essays on Managerial Accounting. Documents 326 - 350
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Financial Accounting
• What is the history of this company? A brief history of Pier 1 is that the company established its corporate headquarters in Fort Worth, Texas in 1966, with 16 store locations. In 1970; Pier 1 went public and became listed on the American Stock Exchange, then in 1972 joined the New York stock exchange, having 123 stores that had 100% of sales at that time. In the new millennium Pier1 launched their online market.
Rating:Essay Length: 494 Words / 2 PagesSubmitted: June 10, 2010 -
Fair Value Accounting
CONTENTS 1. INTRODUCTION..............................................................................................................................52. BACKGROUND................................................................................................................................53. THE FAIR VALUE MODEL...............................................................................................................83.1 DEFINITION ...............................................................................................................................83.2 ARGUMENTS IN FAVOUR OF FULL FAIR VALUE ...................................................................93.3 CRITICISMS OF THE FAIR VALUE MODEL............................................................................103.3.1 Relevance of fair value for banks' accounting practices ..............................................113.3.2 Reliability of fair value .....................................................................................................113.3.3 Comparability of financial information ...........................................................................123.3.4 Impact on the stability of the system..............................................................................134. APPLICATION OF THE FAIR VALUE MODEL .............................................................................134.1 GENERAL POINTS ..................................................................................................................134.2 APPLICATION OF FAIR VALUE TO FINANCIAL INSTRUMENTS ..........................................144.2.1 Instruments with an active market..........................................................................................154.2.2 Financial instruments
Rating:Essay Length: 1,331 Words / 6 PagesSubmitted: June 12, 2010 -
Accounting Principals
Memo In any business no matter how big or small financial statements are crucial if achieving success is the ultimate goal. There are three main types of financial statements, they are: Income statement, balance sheet and statement of owner’s equity. All three of these financial statements can be looked upon to see where changes can be made in a company to ensure better success. The income statement is important because it presents the revenues
Rating:Essay Length: 397 Words / 2 PagesSubmitted: June 13, 2010 -
Accounting Ethics
When examining the effect of open marketing on the profession of accounting it is important to view it from three perspectives: the client's, the profession's, and society's. Additionally, two key areas that are affected by marketing must be addressed, these are concerning competition, and ethical implications. Marketing in public accounting is here to stay therefore making an argument against its existence would be fruitless; however, in order to achieve maximum benefit to the firm, the
Rating:Essay Length: 1,865 Words / 8 PagesSubmitted: June 17, 2010 -
Accounting
EX 19-2 a. Cost of goods sold: Sales $7,000 Less gross profit 265,000 Cost of goods sold $510,000 b. Direct materials cost: Materials purchased $303,000 Less: Indirect materials $ 32,000 Materials inventory 35,000 67,000 Direct materials cost $236,000 c. Direct labor cost: Total manufacturing costs for the period $620,000 Less: Direct materials cost $236,000 Factory overhead 112,500 348,500 Direct labor cost $271,500 EX 19-10 Predetermined overhead rate 1,400,000/30,625 = $45.71 per labor hour EX 19-14
Rating:Essay Length: 1,562 Words / 7 PagesSubmitted: February 8, 2011 -
Accounting
Appendix B Profitability Analysis Solutions to Questions B-1 Absolute profitability measures the impact on overall profits of adding or dropping a particular segment, such as a product or customer, without making any other changes. B-2 Relative profitability involves ranking segments, each of which may be absolutely profitable, for the purpose of making trade-offs among the segments. Such trade-offs are necessary when a constraint exists. Otherwise, they are not necessary. B-3 Every business that seeks to
Rating:Essay Length: 403 Words / 2 PagesSubmitted: April 20, 2011 -
Real Options: Valuing Managerial Flexibility" by Harvard Business School
"Real Options: Valuing Managerial Flexibility" by Harvard Business School One of the key financial tasks facing managers in their quest to enhance value in an uncertain world is the allocation of resources over their many potential uses. The tools managers use must not only have sound numerical background, but assign some qualitative value on flexibility within the process in order to expand or shrink business' success and failure respectively. The numerical approach, known as discounted
Rating:Essay Length: 507 Words / 3 PagesSubmitted: April 22, 2011 -
Individual Case: Bill and Account Collectors
Individual Case: Bill and Account Collectors Human Resources Management Lea Purdy Table of Contents Job Specifications…………………………………………………………. 3 Selection System…………………………………………………………... 4 Interview Process………………………………………………………...... 5 Training Programs…………………………………………………………. 6 Performance Appraisal…………………………………………………….. 7 Appendix A: Interview Questions…………………………………………. 8 Appendix B: Performance Appraisal Form………………………………... 9 Job Specifications: The individual performing the duties of the Bill and Account Collector will have many responsibilities including, but not exclusive to the following: One must first insure that the billing is correct. From
Rating:Essay Length: 1,147 Words / 5 PagesSubmitted: April 22, 2011 -
Accounting
Accounting view points The adoption of a particular viewpoints of accounting is a function of a range of factors including history and culture, soceital values, the nature of economic activity and the objectives of those who prepare intrepret and apply accounting information. The established objective of the accounting is the measurement and reporting of the economic activity of an entity. Then, there are significant changes to reporting by entities because of the consideration of the
Rating:Essay Length: 930 Words / 4 PagesSubmitted: April 26, 2011 -
Accounting Degree and Career Path
Most accountant and internal auditor positions require a bachelor's degree in accounting or a related field. For example, to begin an accounting or auditing position in the Federal Government, a person usually need to have 4 years of college education, in which 24 semester hours are spent on accounting or auditing, or an equivalent combination of education and experience. While many employers prefer applicants with a master's degree in accounting or a master's degree in
Rating:Essay Length: 324 Words / 2 PagesSubmitted: April 26, 2011 -
McI Worldcom Accounting Scandal
WorldCom, originally Long Distance Discount Services (LDDS) was formed in 1994 with the take over of several telecommunications companies including Communications Group, Inc, and WilTel Network Services (Funding Universe, 1999). WorldCom's CEO Bernard Ebbers, who had also been LDDS's CEO since 1985 had a history of acquiring other telecommunications companies, which paid off in 1998 with the $37 billion purchase of MCI (Funding Universe, 1999). The two companies merged and became MCI WorldCom, "one
Rating:Essay Length: 1,142 Words / 5 PagesSubmitted: April 28, 2011 -
Audit and Accountancy
Audit management Audit management is responsible for ensuring that board-approved audit directives are implemented. Audit management oversees the internal/external audit staff, establishes audit programs, and hires and trains the appropriate audit personnel. The staff should have the necessary skills and expertise to identify inherent risks of the business and assess the overall effectiveness of controls in place relating to the company's internal controls. Internal audit is a function setup the organisation to reduce the risk
Rating:Essay Length: 4,156 Words / 17 PagesSubmitted: April 29, 2011 -
Accounting for Leases - Ias 17 Leases
Introduction IAS 17 Leases sets out the treatment for reporting lease transactions in the financial statements. Leases are a major source of finance to a business and it is important that the financial statements disclose sufficient information to the readers of the financial statements. IAS 17, paragraph 10, states, "whether a lease is a finance lease or an operating lease depends on the transaction rather than the form of contract". Substance over form Information in
Rating:Essay Length: 494 Words / 2 PagesSubmitted: April 30, 2011 -
Careers in Accounting
CAREERS IN ACCOUNTING ABSTRACT Many of us probably have made up our minds on which career path to follow. There are myriad of careers in business that people may decide to follow. One of the career options is accounting. Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions including computing costs and efficiency gains
Rating:Essay Length: 1,777 Words / 8 PagesSubmitted: April 30, 2011 -
Jawaban Soal Latihan Intermediate Accounting Contingent Liability 2011
"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur." ("Accounting for Contingencies," Statement of Financial Accounting Standards No. 5 (Stamford, Conn.: FASB, 19), par. 1). Typical Gain Contingencies are: Possible receipts of monies from gifts, donations, and bonuses. Possible refunds from the government in tax
Rating:Essay Length: 308 Words / 2 PagesSubmitted: May 1, 2011 -
Accounting of Forest Carbon Sinks
Today, forests in the northern hemisphere are a sink for carbon dioxide (CO2) from the atmosphere, partly due to changes in forest management practice and intensity. Parties of the Kyoto Protocol had the option to elect to account for direct human-induced carbon (C) sources and sinks from land management activities since 1990. The effect of age–class structure of a forest landscape resulting from past practices and disturbances before the reference year 1990 should be excluded,
Rating:Essay Length: 352 Words / 2 PagesSubmitted: May 4, 2011 -
The Politics of Accounting Standards
The Politics of Accounting Standards Over the past two decades there has been a growing controversy over the rules set forth involving the expensing of stock options. The big debate is between whether companies should have to expense stock options on their income statement, or just disclose the cost of the options in the footnotes and not actually record an expense. FASB has been pushing toward making it mandatory to expense stock options at the
Rating:Essay Length: 926 Words / 4 PagesSubmitted: May 5, 2011 -
Accounting
Akuntansi merupakan determinan dari sebuah ideologi yang mendominasi. Sebab sebagai sebuah informasi bisnis, akuntansi didesain sedemikian rupa untuk memenuhi kepentingan pihak-pihak "penguasa" dalam konteks dimana ideologi tersebut berada. Ketika akuntansi digunakan pada basis masyarakat sosialis maka akuntansi akan memperoleh implikasi nilai berupa kolektivisme, egalitarianisme serta kontra strata-hirarkis. Begitupun sebaliknya, akuntansi akan terkena dampak nilai-nilai individualistis, egosentris, dan logosentris manakala ia diterapkan dalam konteks masyarakat yang kapitalistik. Inilah yang menjadi karakter mendasar dari akuntansi. Bahwa ia
Rating:Essay Length: 608 Words / 3 PagesSubmitted: May 6, 2011 -
Accounting Case Study
• For the first provision, if would not preclude sales accounting because it is one of the conditions in 40-18 that clearly states "A requirement to obtain the transferor's permission to sell or pledge that is not to be unreasonably withheld" …. "do not preclude transfer subject to such condition from being accounted for as a sale. The second provision because it is a repurchase of accounts receivable at a fixed price, results in a
Rating:Essay Length: 318 Words / 2 PagesSubmitted: May 10, 2011 -
Corporate Accountability
Corporate accountability is a broad term that is described in the following way according to 12 Manage -The Executive Fast Track (2011): "The moral or legal obligation for companies of being accountable to the shareholders or the stakeholders of the organization or even society as a whole". The problem with corporate accountability lies in who has the authority to ensure that increasingly large multinational corporations are accountable for their activities, accept responsibility for their actions,
Rating:Essay Length: 997 Words / 4 PagesSubmitted: May 10, 2011 -
International Accounting Standard
1. Introduction The question we address is whether application of International Accounting Standards (IAS) is associated with higher accounting quality than application of non-US domestic standards.1 In particular, we investigate whether accounting amounts of firms that apply IAS exhibit less earnings management, more timely loss recognition, and higher value relevance than accounting amounts of firms that apply domestic standards. The accounting amounts that we compare result from the interaction of features of the financial reporting
Rating:Essay Length: 9,861 Words / 40 PagesSubmitted: May 14, 2011 -
Managerial Economics
Stephanie Carter-Scott Organizational Behavior BUS5450 May 8, 2011 Week 1 - Case Study Case 1.1: Drexler's World Famous Bar-B-Que 1. What role do values play in how the Drexler's restaurant interfaces with its neighbors and customers? Values play an extremely important role in how the Drexler's restaurant interfaces with its neighbors and customers. Consumers tend to look at the total value and in the case of Drexler's the customers receive excellent care. Mrs. Scott constantly
Rating:Essay Length: 269 Words / 2 PagesSubmitted: May 15, 2011 -
Finishing Management Accounting Group Assignment, I Have Learned Many Useful Things
Finishing Management Accounting Group Assignment, I have learned many useful things. Firstly I learned how to prepare budgets and variance report for manufacturing companies. During preparing forecast for two companies: Hayes and F02 Manufacturing Company, I realized that budgets are very important with the business. They help the business control costs well and can understand what should do in order to reduce risk and improve performance. On other hand, there are many types of budgeting
Rating:Essay Length: 303 Words / 2 PagesSubmitted: June 6, 2011 -
Accounts Payable in Bpo Scenario
Accounts Payable in BPO The workflow of A/P in BPO industry can be described as follows: 1. Receiving Scanned Invoices: The client company scans its vouchers and vendor's invoices as and when they are received. 2. Preparing and updating Master database of vendors: A master database for vendors information is prepared which includes details of vendors, his address, tax code, etc. Additional notes relating to vendors are also entered. 3. Documents Review: The scanned
Rating:Essay Length: 1,452 Words / 6 PagesSubmitted: October 28, 2011 -
Accounting and Business Ethics
Q 1: Analyse Burton using the value chain model and Competitive forces model. (Primary Activities of Value Chain) Ans: In the case of Burton Snowboard we came to know that first of all Burton gives prime concern to their customers, as we read in the case there was a example given that “ If a rider tests a jacket and then he recommend for a zipper, so then burton’s producers tried their level best to
Rating:Essay Length: 732 Words / 3 PagesSubmitted: July 4, 2014