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decision-making is an integral part of all management functions it is the process of choosing the among alternative
implementing management accounting and control innovations are often problematic provide a brief commentary around the key factors necessary to give
accounting ratios that determine a firms ability to convert various accounts within their balance sheets into sales or cashcompanies will usually try
arr gives a fast estimate of a projects value over its useful life arr is derived by determining profits before taxes and interest arr is an
accounting profit is a companys sum total earnings computed according to generally accepted accounting principles gaap and involves the
1 in common accounting period is the time period reflected by a series of financial statements 2 in terms of taxation it is twelve-month
accounting method is the method by which income and expenses are accounted for taxation purposes the internal revenue service needs taxpayers to
accounting cycle is the name given to the combined process of recording and processing the accounting proceedings of a company the series of steps
a managerial accounting strategy focusing mainly on maintaining efficient levels of both components of working capital that is current assets
how do you compare two companies operating leverage? must the sales volume be set the same or the net operating
scorecardthe traditional approach to the monitoring organizational performance has focused on the financial measures and the outcomes. increasingly
monitorlets start by having you think about the controlling your car aka driving your steering acceleration and braking are not the random things to
budgetsan essential planning component is budgeting. budgets sketch the financial plans for an organization. there are number of budget
strategya business characteristically invests considerable time and money in developing or creating its strategy. employees harried with day-to-day
planning directing and controllinga clever sign hanging on the wall of a business establishment the managers are paid to manage the work-- if there
managerial accountingbefore going to managerial accounting let us discuss a bit about financial accounting. financial accounting is concerned with
activity based costing abc differs from absorption costing ac in the manner in which overheads are charged to units.abc charges overheads to units
how costs behave as the level of activityvolume changes. why an understanding of cost behaviour is important ?typesvariable e.g. petrol direct
difference between managerial accounting and financial accounting are mentioned belowaudience ndash internal vs externalformat of reporting ndash
define role of management accountantthe main role of management accountant is defined below.planner e.g. budgetinginformation provider e.g.
kibble company had the following functional income statement for the month of july 2011 kibble company functional income statement for
weldon industrial gas corporation supplies acetylene and other compressed gases to industry. data regarding the store3939s operations
The town issued a purchase order for the acquisition of both trucks for a total ofr $480,000 on Feb 1 year 1 and accepted delivery of one of the trucks, valued at $280.000 on March 31, year 1. as a
Select a local hospital and compare its financial ratios for the most recent three years against the national norms for that type of institution. Prepare analytical comments and how the organization
Megan Brink is offered the possibility of investing $6,651 today at 6% interest per year in a desire to accumulate $10,000. How many years must Brink wait to accumulate $10,000?