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Last update: July 18, 2014
  • Managerial Accounting

    Managerial Accounting

    In order to better understand fixed and variable costs I first need to understand what they are. Variable costs are costs that vary directly in relation to the output of a product. Fixed costs are unchanging expenses that do not vary according to the amount of business. They may include rent and utilities. These two costs are an everyday item in any business. Annual units sold: 1000 Item: Raw materials Total Annual Cost: $650.00 Item:

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    Essay Length: 429 Words / 2 Pages
    Submitted: November 10, 2009 By: David
  • Financial and Managerial Accounting

    Financial and Managerial Accounting

    Managerial and Financial Accounting Report FIN540 Accounting for Managerial Decision Making Abstract Financial accounting develops account information that is used by external parties such as stockholders, suppliers, banks, and government regulatory agencies in their decision-making. Management accounting develops confidential accounting information that is used by managers within an organization. Management accounting is a complex process of identifying, accumulating and analyzing information and then communicating this information to managers to aid in fulfilling organizational objectives.

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    Essay Length: 942 Words / 4 Pages
    Submitted: November 15, 2009 By: Artur
  • Roles and Responsibilities of Financial and Managerial Accounting Managers

    Roles and Responsibilities of Financial and Managerial Accounting Managers

    Roles and Responsibilities Of Financial and Managerial Accounting Managers According to Horngren, Sundem and Stratton in “Introduction to Management Accounting”, “Good management is a result of good information,” (p.3). Collecting and compiling information about a company are the primary responsibilities of both financial and managerial accounting managers. Management accounting produces information for the managers in a company to help fulfill organizational objectives. “Financial accounting produces reports for external parties such as stockholders, suppliers, banks, and

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    Essay Length: 386 Words / 2 Pages
    Submitted: November 22, 2009 By: Vika
  • Financial and Managerial Accounting: Whats the Difference

    Financial and Managerial Accounting: Whats the Difference

    Financial and Managerial Accounting: What’s The Difference? Whether it is a sole proprietorship, partnership, corporation, or a limited liability company, all businesses survive on the buying/selling of goods and services for cash or credit. They may buy land and build office complexes, stores, or factories. They may buy supplies, equipment, merchandise to sell, and/or the raw materials required to manufacture goods. They hire employees, pay salaries and benefits. All of these “business” activities need to

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    Essay Length: 746 Words / 3 Pages
    Submitted: November 30, 2009 By: Mike
  • Managerial Accounting

    Managerial Accounting

    Program Area Costs Administration Salaries: Administrator $60,000 Assistant $35,000 Two Secretaries $42,000 Supplies $35,000 Advertising and promotion $9,000 Professional meetings/dues $14,000 Purchased Services: Accounting and billing $15,000 Custodial $13,000 Security $12,000 Consulting $10,000 Community Mental Health Services Salaries (two social workers) $46,000 Transportation $10,000 Outpatient mental health treatment Salaries: Psychiatrist $86,000 Two Social Workers $70,000 Budget Cut Recommendation This table represents all the areas that our funds are allocated. In an effort to “trim-the-fat”,

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    Essay Length: 320 Words / 2 Pages
    Submitted: December 3, 2009 By: Yan
  • Managerial Accounting

    Managerial Accounting

    Austin Watches is a start-up watch producer and distribution company. Its strategy is to serve the upscale niche markets of the watch industry. It will capitalize on the German engineering and manufacturing used to build the watches. There are many untapped potential markets within this industry that desire high-quality, stylish goods, but do not think they can afford them or do not know where to purchase them. It is the firm's intention to build

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    Essay Length: 758 Words / 4 Pages
    Submitted: January 31, 2010 By: Anna
  • Managerial Accounting

    Managerial Accounting

    Managerial Accounting: A Vital Role for the Financial Success of a Company The main objective of any company is to earn a profit now and in the future. Profits are earned when payment for goods or services provided exceed the costs incurred by the company. These profits can greatly be enhanced by important decisions made by managers. Managers are responsible for making proper decisions to allow the company to be profitable. To ensure profitability and

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    Essay Length: 6,020 Words / 25 Pages
    Submitted: February 5, 2010 By: July
  • Views of Business Ethics & Managerial Accountability

    Views of Business Ethics & Managerial Accountability

    Views of Business Ethics & Managerial Accountability What is the fundamental purpose of a company? Different people have different answers. Some argue that a company should maximize its returns for its shareholders; while others disagree, saying that company should take the interests of employees and customers into consideration. Meanwhile, most people involved in business—whether functioning as a small business owner, employee, or chief executive officer of a multinational company—eventually face ethical or moral dilemmas in

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    Essay Length: 761 Words / 4 Pages
    Submitted: February 10, 2010 By: Monika
  • Financial and Managerial Accounting

    Financial and Managerial Accounting

    Financial and Managerial Accounting According to the Illinois State Board of Education financial accounting is “the recording and reporting of activities and events affecting the money of an administrative unit and its program. Specifically, it is concerned (1) with determining what accounting records are to be maintained, how they will be maintained, and the procedures, methods, and forms to be used; (2) with recording, classifying, and summarizing activities or events; (3) with analyzing and interpreting

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    Essay Length: 1,376 Words / 6 Pages
    Submitted: February 15, 2010 By: Jack
  • Managerial Accounting Test

    Managerial Accounting Test

    TEST QUESTIONS: Questions 1-3 refer to the following: The following selected data for March were taken from Rubenstein Company's financial statements: Cost of goods available for sale Manufacturing overhead Cost of goods manufactured Finished goods inventory ‑ ending Direct materials used Sales Selling and administrative expenses Direct labor Work in process inventory ‑ beginning $ 65,000 20,000 51,000 10,000 15,000 105,000 30,000 20,000 0 1. The gross margin was: 1. $55,000. 2. $54,000. 3. $50,000.

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    Essay Length: 3,124 Words / 13 Pages
    Submitted: February 26, 2010 By: Stenly
  • Managerial Accounting Vs Financial Accounting

    Managerial Accounting Vs Financial Accounting

    Managerial and Financial Accounting ACCT/300: Principles of Accounting April 9, 2008 Managerial and Financial Accounting This paper will attempt to differentiate between managerial and financial accounting, the users of managerial and financial accounting and what type of business decisions would be made with the information. Managerial Accounting Managerial accounting provides accounting information to managers who are inside an organization and who directs and controls its operations, to help them make decisions to manage the business.

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    Essay Length: 720 Words / 3 Pages
    Submitted: March 10, 2010 By: Mike
  • Managerial Accounting

    Managerial Accounting

    Managerial Accounting This essay will discuss the differences between managerial accounting and financial accounting in an organization. It will also cover the responsibilities of managerial accounting in dealing with the security and financial integrity within an organization. And in the conclusion, I will submit my opinion regarding the expanding role of managerial accountants in organizations. Managerial Accountants vs. Financial Accountants Financial Accountants Financial accountants develop financial reports based primarily upon historic data that can be

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    Essay Length: 450 Words / 2 Pages
    Submitted: April 18, 2010 By: July
  • The Changing Role of Managerial Accounting in a Dynamic Business Environment

    The Changing Role of Managerial Accounting in a Dynamic Business Environment

    CHAPTER 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment ANSWERS TO REVIEW QUESTIONS 1-1 The explosion in e-commerce will affect managerial accounting in significant ways. One effect will be a drastic reduction in paper work. Millions of transactions between businesses will be conducted electronically with no hard-copy documentation. Along with this method of communicating for business transactions comes the very significant issue of information security. Businesses need to find ways to

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    Essay Length: 4,421 Words / 18 Pages
    Submitted: May 4, 2010 By: priandhita
  • Financial Accounting and Managerial Accounting

    Financial Accounting and Managerial Accounting

    Financial accounting and Managerial accounting play an equal role for any type of business. Not only should the business be managed appropriately but must be financed properly. These two types of accounting have many similarities and differences between them. Both managerial and financial accounts have responsibility to manage in confidentiality, competence and integrity. The purpose of Managerial accounting is to identify, analyze, measure, interpret and communicate the pursuit of an organizations goals and operations (Horngren,

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    Essay Length: 362 Words / 2 Pages
    Submitted: May 7, 2010 By: sharmona
  • Managerial Accounting

    Managerial Accounting

    Management accounting is concerned with the provision and use of accounting information to managers within organizations, to facilitate the managers in their decision making and management control functions. Unlike financial accounting information (which, for the most part, is made publicly available), management accounting information is used within an organization and is usually confidential. (Jiambalvo) The distinction between traditional and innovative management accounting practices can be illustrated by reference to cost control techniques. Traditionally, management accountants

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    Essay Length: 362 Words / 2 Pages
    Submitted: May 10, 2010 By: Mike
  • Managerial and Financial Accounting Report

    Managerial and Financial Accounting Report

    Managerial and Financial Accounting Report The regulatory and oversight framework imposed on corporate America was substantial in the 1990s, but disastrous. It took the market collapse of year 2000 and the scandals that followed to reveal the extent to the problems associated with poor governance. From an earnings magic perspective of major corporations, the environment for abuse starts at the top, board of directors. Members of the board and the existing corporate governance structure

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    Essay Length: 1,021 Words / 5 Pages
    Submitted: November 19, 2009 By: Janna
  • Managerial and Financial Accounting Report

    Managerial and Financial Accounting Report

    Managerial and Financial Accounting Report Accounting, like many professions has more than one type of specialty. Discussed in this paper will be the differences between financial accounting and managerial accounting. The evaluation will include the types of reports each type of accountant would generate and a comparison and contrasting of business decisions made by these different types of accountants. Because ethical considerations are paramount in any business the standards of ethical conduct for managerial accounts

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    Essay Length: 1,395 Words / 6 Pages
    Submitted: November 25, 2009 By: Tommy
  • Organization Accounting and Stewardship

    Organization Accounting and Stewardship

    ABSTRACT In this paper, I discuss the relevancy and reliability of current financial Statements prepared under the historic cost convention and following the accruals concept, investigating the Strengths and weakness of the financial statements in providing "useful" information to the users (Board OF Directors and Management of the Firm ,Shareholders, Employees , Lenders ,Suppliers , Customers , Government’s , The public ) With theoretical discussions and detailed analysis to the elements of the basic (3)

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    Essay Length: 4,184 Words / 17 Pages
    Submitted: May 8, 2010 By: Kevin
  • Managerial and Financial Accounting Report

    Managerial and Financial Accounting Report

    Running head: MANAGERIAL AND FINANCIAL ACCOUNTING REPORT Managerial and Financial Accounting Report University of Phoenix Managerial and Financial Accounting Report Introduction Accounting also known as the language of business is the communication of accounting data in formal reports to those who are interested in how a company is doing. All organized businesses maintain accounting records so that it will be readily available to interested parties. Interested parties include investors, managers, creditors and government agencies. The

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    Essay Length: 1,467 Words / 6 Pages
    Submitted: May 10, 2010 By: Venidikt
  • Managerial and Financial Accounting Report

    Managerial and Financial Accounting Report

    Managerial and Financial Accounting Repor Managerial Accounting and Finance Foundations FIN 540 February 27, 2006 Financial Accounting vs. Managerial Accounting The key difference between financial and managerial accounting is that financial accounting is aimed at providing information to parties outside the organization. In contrast, managerial accounting information is aimed at helping managers within the organization make decisions. According to Kieso and Weygant, financial accounting is the process that culminates in the preparation of financial reports

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    Essay Length: 865 Words / 4 Pages
    Submitted: June 9, 2010 By: Steve
  • Al Capone and Organized Crime in the 1920's

    Al Capone and Organized Crime in the 1920's

    Al Capone ran many illegal businesses including bootlegging, gambling, prostitution, and murders. There were many gangs in the world of organized crime and Al Capone's was at the top. Al Capone was the most infamous gangster in the 1920's. Being a highly know and revered gangster was a big business. Money was made fast and very easily. Bootlegging alcohol was by far the most profitable in the 1920's; this was because of the prohibition of

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    Essay Length: 1,039 Words / 5 Pages
    Submitted: December 1, 2008 By: Jon
  • Accounting Ethics

    Accounting Ethics

    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

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    Essay Length: 1,865 Words / 8 Pages
    Submitted: December 4, 2008 By: Tasha
  • Arizona Accountancy Code of Ethics

    Arizona Accountancy Code of Ethics

    Arizona Accountancy Code of Ethics University of Phoenix Contemporary Business Law I BUS/421 October 19, 2008 As in any profession, ethics are extremely important, however in accounting they are of particular importance because clients depend and rely upon accountants for their professional expertise in areas such as financial statements, tax preparation, auditing, financial consulting and so forth. Without ethics and the laws that guide ethical practices and behavior, accountants could easily misguide clients or put

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    Essay Length: 1,236 Words / 5 Pages
    Submitted: December 15, 2008 By: Max
  • 2 Accounts of World War 2

    2 Accounts of World War 2

    Matthew Terhune #302899169 1/30/02 Fussell believes that the soldier of world war two, "suffers so deeply from contempt and damage to his selfhood, from absurdity and boredom and chickenshit, that some anodyne is necessary", and that the anodyne of choice was alcohol. I would argue that Fussell is correct, especially regarding the connection between the absurdity of the war and the associated damage to soldiers image of themselves as good and patriotic, and the use

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    Essay Length: 634 Words / 3 Pages
    Submitted: February 17, 2009 By: Steve
  • Accounting

    Accounting

    Accounting is a career that offers many job opportunities and advancements, and a little hard work will inevitably lead to happiness and success. Accountants have different duties depending on the size and nature of the company where they are employed. Usually accountants prepare and analyze financial reports that polish up-to-date information for government agencies, businesses, and other organizations. The data accountants provide information that influences nearly every business and government decision. This is important because

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    Essay Length: 783 Words / 4 Pages
    Submitted: March 11, 2009 By: Bred

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