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Last update: February 11, 2015
  • Difference Between Activity Based Costing (abc) and Traditional Cost Accounting (tca)

    Difference Between Activity Based Costing (abc) and Traditional Cost Accounting (tca)

    Topic: Activity Based Costing Submission Date: 16 march 2011 Word Count: 1770 Name: Mary Moss Student No: L00084540 Class: Buss Yr 2 Contents Page 2 …………………………………….. Introduction to Activity Based Costing Page 2…………………………………….. Benefits of ABC Page 3…………………………………….. Traditional Cost Accounting (TCA) Page 4…………………………………….. Difference between ABC and TCA Page 5…………………………………….. Numerical example using ABC and TCA Page 8…………………………………….. Bibliography Introduction to Activity Based Costing Activity Based Costing (ABC) emerged in the 1980s from the

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    Essay Length: 1,731 Words / 7 Pages
    Submitted: April 9, 2011 Autor: jon
  • Benefit of Strategic Manaagement Accounting for Organization

    Benefit of Strategic Manaagement Accounting for Organization

    1. Provide some discussion regarding the benefits of strategic management accounting for organizations. Support the discussion with current research, and provide some illustration and justification for your answers. Strategic Management Accounting (SMA) is extending the Traditional Management Accounting because it not only focuses internal financial information, it also included external non-financial information about competitors and customers. Nowadays, firms are using SMA to aid business management decisions to gain competitive advantage. One of the benefit that

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    Essay Length: 1,052 Words / 5 Pages
    Submitted: April 9, 2011 Autor: viki
  • Capital Account

    Capital Account

    CHAPTER 4 CONCOMITANTS FOR A MOVE TO FULLER CAPITAL ACCOUNT CONVERTIBILITY 4.1 This Chapter reviews some key macro-economic indicators since 1996-97 and against this backdrop, certain steps are set out to enable a move to FCAC. Policies for macroeconomic stability in an open economy environment need greater attention. The fiscal-monetary policies, exchange rate management, prudential, regulatory and supervisory safeguards and measures for development of financial markets all assume importance (some of these issues are discussed

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    Essay Length: 996 Words / 4 Pages
    Submitted: April 13, 2011 Autor: andrew
  • Accounting Case

    Accounting Case

    DEFINA Y DE EJEMPLOS NUMERICOS: • DEFINA EL CAPM • QUE ES LA TASA LIBRE DE RIESGO • PARA DEUDA EMITIDA EN PERU EN MONEDA NACIONAL, QUE REFERENCIA LIBRE DE RIESGO TOMARIA O RECOMENDARIA, PORQUE? • PARA DEUDA EMITIDA EN PERU EN MONEDA EXTRANJERA, QUE REFERENCIA LIBRE DE RIESGO TOMARIA O RECOMENDARIA, PORQUE? • QUE ES EL EMBI? • PARA QUE ES EMPLEADA LA CORRELACIÓN EN EL BETA • QUE SON LOS INDICES BURSATILES, POR

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    Essay Length: 363 Words / 2 Pages
    Submitted: April 14, 2011 Autor: andrey
  • Principles of Buying

    Principles of Buying

    PRINCIPLES OF BUYING “In the long-term, the success of any organization depends on its ability to create and maintain a customer.” Do you agree? What does this have to do with purchasing and supply management? The success of any organization depends on its ability to create and maintain a customer. No matter where the supply function is located on the organizational chart; each member of the supply organization has the opportunity to improve relations with

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    Essay Length: 320 Words / 2 Pages
    Submitted: June 14, 2011 Autor: BUFFTATER
  • Accounting Concepts and Standards

    Accounting Concepts and Standards

    Accounting Concepts and Standards Accounting procedures provide the information that is used by companies to measure performance and analyze their financial position. Accounting is used to record a company’s assets, liabilities, shareholder equity, revenues and expenses. A detailed set of rules called the Generally Accepted Accounting Principles (GAAP) are used to oversee financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions. Financial Accounting Standards are the published result

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    Essay Length: 1,360 Words / 6 Pages
    Submitted: July 10, 2011 Autor: kjones
  • Business Accounting

    Business Accounting

    Name: Adnan Qadeer Bhatti Student Number: 1002129/1 BABM (T: 2 Group 1) Business Accounting (SBMG4002) Assignment: 1 Lecturer Name: Omwenga Mwambi Due DATE: 28TH April 2011   Lampeter Agricultural Supplies Trading and Profit And Loss Account for the year ended 31st December 2010 £ £ Sales 950,000 Less cost of sales Opening Stock 360000 Purchases 480000 840000 Less Closing Stock (378000) (462000) Gross Profit 488,000 Less expenses Advertising 10000 Electricity 6000 Insurance 25000 Rent &

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    Essay Length: 1,001 Words / 5 Pages
    Submitted: July 25, 2011 Autor: adnanbhatti
  • Corporation Case - Ethics and Accounting

    Corporation Case - Ethics and Accounting

    We have been asked for showing our believe in the unethical way of requesting by the CEO and CFO as the profit is expected to increase as well as the growing in producing goods. Our analysis use two production cost reports to explain our idea of how boosting the net income will be increased by the production, estimate how much profit we expect to increase reasonably. Based on our studies, we conclude that : increasing

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    Essay Length: 799 Words / 4 Pages
    Submitted: September 4, 2011 Autor: simba
  • Users and Uses of Accounting Information

    Users and Uses of Accounting Information

    1.1 Users of accounting information The users of accounting information can be classified into a number of categories or groups. Each group has different types of economic decisions to make and, as such, each group has different information needs. The principal users of accounting information include the following: Owners and investors Management Banks and other lenders Suppliers Customers Employees Competitors The government The general public 1.2 Information needs of various users Owners and Investors The

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    Essay Length: 580 Words / 3 Pages
    Submitted: September 4, 2011 Autor: andrey
  • Business Accounting - Ugg Australia

    Business Accounting - Ugg Australia

    UGG Australia began 1978 and is the world's largest purveyor of top grade sheepskin products. It was acquired by Deckers Outdoor Corporation in 1995. It markets the premier brand in luxury and comfort. Also, the company promises which they produces those footwears especially the finest sheepskin boots worldwide. Thus, UGG Australia aims to offer customers high-quality footwears which are fashiobale, comfortable and attainable. The consumer direct business experienced significant growth since 2009. Throughout the year,

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    Essay Length: 294 Words / 2 Pages
    Submitted: September 9, 2011 Autor: eva2023
  • Principles of Company

    Principles of Company

    • Promote honest and ethical conduct including fair dealing and the ethical handling of conflicts of interest between personal and professional relationship • Promote full, fair, accurate, timely and understanding disclosure • Promote compliance • Promote prompt internal reporting of violations of code of company • Deter wrongdoing and ensure accountability • Ensure the protection of company's legitimate business interest Integrity is believing in your standards and leading by example. Companies like Everest College and

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    Essay Length: 263 Words / 2 Pages
    Submitted: September 17, 2011 Autor: rita
  • Comment Briefly on the Major Differences Between Financial and Management Accounting

    Comment Briefly on the Major Differences Between Financial and Management Accounting

    Comment briefly on the major differences between Financial and Management Accounting: Contrary to the conventional belief that Cost/Management accounting is an extension of the market oriented double-entry book keeping system, Johnson (1983) said it was the result of the endeavor to surmount market imperfections to assist firms internally. It is "the recording (monetary/non-monetary), summary and analysis of financial and-non financial data for benefit of managers of an organisation" usually to plan, direct, motivate, control and

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    Essay Length: 346 Words / 2 Pages
    Submitted: September 18, 2011 Autor: peter
  • Taxes Enough Already Accounting Agency - Potential Tax Reduction Vehicles

    Taxes Enough Already Accounting Agency - Potential Tax Reduction Vehicles

    Taxes Enough Already Accounting Agency, LLC MEMORANDUM To: Dee Boss, Vice President, Operations From: Thomas D. Dotson, Sr., Director, Business Department Date: August 29, 2011 RE: Potential Tax Reduction Vehicles There are quite a few taxes that our clients are responsible to pay, and in considering this we need to make them aware that there are several different vehicles that can be utilized in order to reduce their income tax liabilities. We need to encourage

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    Essay Length: 497 Words / 2 Pages
    Submitted: September 22, 2011 Autor: jon
  • Accounting Case

    Accounting Case

    Introduction Accounting as we know it use based on the system of recording known as double entry book keeping. Although accounting did exist before double entry to be widely used, however its appearance has been used rapidly spread across the world. Today it is difficult to imagine accounting without it. It's been claim as the main essential of accounting. It has been so important that, to some extent, its appearance may be also viewed as

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    Essay Length: 391 Words / 2 Pages
    Submitted: September 25, 2011 Autor: andrew
  • What Would Happen If You Drop the Object into the Beaker While Using Archimedes' Principle?

    What Would Happen If You Drop the Object into the Beaker While Using Archimedes' Principle?

    What would happen if you dropped the object into the beaker while using the Archimedes' Principle method? The measurement displayed on the digital scale would be incorrect. To help you get a feel for metric measurements, you need to know the relative magnitude of a few basic measurements. For example: 1 mm = thickness of a dime; 2.5 grams = weight of a penny; 20°C = normal room temperature. What weighs approximately 1 g? A

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    Essay Length: 263 Words / 2 Pages
    Submitted: September 26, 2011 Autor: antoni
  • Accounting Internal Controls

    Accounting Internal Controls

    Abstract The author of this paper discusses Internal Controls and how they pertain to a business, the benefits of these controls and the limitations that they have. She also explains how these Internal Controls can be implemented into a professional routine, as well as, the symptoms of a lack of Internal Controls and the problems associated with them. Some missing journal entries and the impact that this may have on your financial statements and your

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    Essay Length: 461 Words / 2 Pages
    Submitted: September 29, 2011 Autor: viki
  • Management Accounting

    Management Accounting

    Manufacturing costs: Direct labour, direct materials, indirect manufacturing costs, manufacturing overheads Look at the break even point in units – topic 4 page 9 There are two cost management systems that could be considered at SGP: Job order costing or process costing, activity-based costing (ABC) for product costing. SGP seems to be using ABC. The manufacturing overhead for SGP having been applied using a single cost allocation cost driver in this case being; direct labour.

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    Essay Length: 702 Words / 3 Pages
    Submitted: September 30, 2011 Autor: antoni
  • International Accounting Standards Convergence

    International Accounting Standards Convergence

    One day we don’t have to talk about the story of convergence between International Financial Reporting Standards (“IFRS”) and U.S. GAAP (“GAAP”). I believe that they will be fully converged someday in the future. It is generally assumed that, all standard setters would agree on a single, high-quality accounting standard and it can meet everyone’s need. However, there is also a long road to achieve this ultimate goal. Fortunately, the steps of convergence never stop.

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    Essay Length: 446 Words / 2 Pages
    Submitted: November 3, 2011 Autor: kyle20040220
  • Should We Hold People in Certain Profession to Higher Standards of Legal Accountability and Responsibility?

    Should We Hold People in Certain Profession to Higher Standards of Legal Accountability and Responsibility?

    Donta Lett BUSN 150-1103B-188 DB Unit 2 Should we hold people in certain profession to higher standards of legal accountability and responsibility? Yes without a doubt. First of all to be in a health care fields you suppose to have the training and school. The training supposes to help you get the knowledge that you will need to avoid any accident or death of a person. But if a reporter make a mistake it won't

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    Essay Length: 303 Words / 2 Pages
    Submitted: November 4, 2011 Autor: moto
  • Acc 541 - Accounting Role in the Financial Crisis

    Acc 541 - Accounting Role in the Financial Crisis

    Wei Wang Instructor: Bill Vadbunker Accounting 541 2 November 2010 Accounting's Role in the Financial Crisis Before analyzing the off-balance sheet transaction, let's talk about the on-balance sheet. As we all know, the purpose of a balance sheet is to provide a full disclosure of a company's assets, liabilities and equity. A balance sheet is a paramount financial statement if it accurately reveals how much leverage a business has. A leverage ratio communicates the potential

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    Essay Length: 2,501 Words / 11 Pages
    Submitted: November 6, 2011 Autor: Antonio
  • Apple Accounting

    Apple Accounting

    Question 1 Under the subscription model Apple recorded estimated revenues of $5,962,500 for the 30 hour period following the launch of the iPhone. This amount is derived from the following assumptions: Apple received an average of $530/iPhone; 270,000 iPhones were sold during the 30-hour timeframe; and, the subscription period is 24 months. Mathematically the equation reads ($530 * 270,000 / 24). If all revenue had been recorded at the point of sale, Apple could have

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    Essay Length: 730 Words / 3 Pages
    Submitted: November 13, 2011 Autor: simba
  • Accounting Fraud at Worldcom

    Accounting Fraud at Worldcom

    1. Discuss the fraud at WorldCom in terms of the objectives of financial reporting. How were the objectives subverted by the actions taken by the managers of WorldCom? To start with, one of the reasons for financial reporting is to determine future cash flows in order to determine the value of the firm. This will enable the external users (i.e. investors, creditors) to make educated judgment in making decisions about the risks and return of

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    Essay Length: 1,340 Words / 6 Pages
    Submitted: November 14, 2011 Autor: bimpy0185
  • Accounting Fraud Case Analysis - Adelphia Communications

    Accounting Fraud Case Analysis - Adelphia Communications

    FRAUD CASE ANALYSIS Adelphia Communications, Inc. In 2005, founder of cable giant Adelphia Communications, John Rigas, along with two of his sons who served as CFO and EVP of the company were sentenced to prison terms for a list of crimes related to internal corruption. The company, one of the largest cable providers in the nation, was delisted from the NASDAQ in 2002, forced to file bankruptcy, and eventually sell off all its assets to

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    Essay Length: 1,270 Words / 6 Pages
    Submitted: November 14, 2011 Autor: antoni
  • Accounting Basics

    Accounting Basics

    More Books At www.GOALias.blogspot.com GOALias.blogspot. Contents FOREWORD iii Chapter 1 Introduction to Accounting 1 1.1 Meaning of Accounting 2 1.2 Accounting as a Source of Information 6 1.3 Objectives of Accounting 10 1.4 Role of Accounting 13 1.5 Basic Terms in Accounting 14 Chapter 2 Theory Base of Accounting 22 2.1 Generally Accepted Accounting Principles (GAAP) 23 2.2 Basic Accounting Concepts 24 2.3 Systems of Accounting 33 2.4 Basis of Accounting 34 2.5 Accounting Standards

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    Essay Length: 1,009 Words / 5 Pages
    Submitted: November 15, 2011 Autor: ragavk
  • Accounting Theory Issues - Cahaya Ilmu Enterprise

    Accounting Theory Issues - Cahaya Ilmu Enterprise

    Company Background Cahaya Ilmu Enterprise is a enterprise business which established since 2006 located at Bukit Kayu Hitam. But the business had moved to Changlun on December 2010. Mr. Abdul Razak bin Mahamud is the owner of Cahaya Ilmu Enterprise and he is also a teacher at Sekolah Kebangsaan Bukit Tangga. Cahaya Ilmu Enterprise main activity is selling Islamic products such as Al-quran, Tafsir, CD of Islamic talk and Islamic children, minyak ‘atar, buah tin

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    Essay Length: 3,582 Words / 15 Pages
    Submitted: November 19, 2011 Autor: shafina

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