------------------------------------------------- Subject: Managerial Accounting Case 1 Seligram In the Seligram case‚ the existing cost accounting system measured two components of cost: direct labor and burden. All burden cost‚ which is the overhead‚ was grouped into a single cost pool and was calculated only by using a burden rate per direct labor dollar. This may cause problems since direct labor and overhead are not consumed by the products in the same proportion. Simply using the same burden
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What are the major regulatory bodies and their functions? IRS (Internal Revenue Service): It is the oldest in the United States regulatory body also called the internal revenue service or IRS. The main goal of IRS is to manage and implement the internal revenue law. Their responsibility is to help individuals to understand their tax obligations as well as to tax collection. SEC (Security and Exchange Commission): SEC also called the Securities and Exchange Commission. Their main objective is
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Chapter 1 Case 1-6 During the early 2000s‚ the roles of accounting and the auditing profession changed and several accounting scandals were uncovered. A. What conditions caused accounting and the auditing profession role to change during this time? In the mid 80s‚ the AICPA lift on the ban on advertising caused revenue generation to become more critical to partner’s compensation. The profit structure of CPA firms changed‚ and in 1999‚ revenues for management consulting accounted for more
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International Accounting Case 1-2 1. An individual investor might want to invest in an international growth fund so that they can diversify their assets into mutual funds that invest in the stock of foreign companies instead of companies that are only in one country. 2. Risks common to both domestic and international funds: a. Investment style risk - the chance that returns from non-U.S. growth stocks and small- and mid-cap stocks‚ will trail returns from the overall domestic stock
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COURSE TITLE: Case Studies in Management Accounting COURSE NUMBER: MSAA/MBAA 609 COURSE DESCRIPTION: Develops students’ management accounting techniques and skills needed to make ethical profit-maximizing decisions. Emphasizes data selection‚ analysis‚ decision making and evaluation of results in complex‚ realistic situations. PREREQUISITE COURSES: MBAA 602/MSAA602; Interpreting Accounting Information COURSE OUTCOMES: Upon completion of this course‚ learners should be able to: 1. 2. Use the tools
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HAND GLOVE MOUSE here we designed and built a wireless computer pointing device with accelerometer based movement control. Our implementation allows the user to wear a set of hardware (a glove and connected armband) and control a cursor through different hand orientations and finger presses. Users can operate their computers with their hands in midair without the hassle of desks surfaces or wires. The motivation for this project was to create an intuitive glove-based pointing device for multiple
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24. Some people think that the profession of a teacher is important and noble. While others suppose it has lost its positions and it`s not as respected as it used to be. For centuries the profession of teacher has been considered as important and noble‚ because these people bring us up. However‚ other people think this profession has lost its positions and respect nowadays. Who is right? In my opinion‚ teacher’s profession may be disrespected by teachers themselves because their life is inevitably
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Angle: The proper way to break in a baseball glove Purpose: To inform people on the proper way to break in a baseball glove. Thesis: Proper breaking-in not only gives you a great product‚ it actually can extend the life of the glove. Today I’d like to share with you the proper way to break in a glove. Organizational Pattern: chronological order Introduction 1. Attention getter: All good things take time. 2. Thesis statement: Proper breaking-in not only gives you a great product‚ it
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CHAPTER 24 PROBLEMS AND CASE PROBLEM 24-1 Annual Budget $18‚000 Gasoline Oil‚ minor 5‚626 repairs .. Outside repairs 4‚500 Insurance 28‚000 Salaries & 90‚000 benefits Depreciation 66‚000 202‚125 Total miles 375‚000 Cost per mile $0.539 No. of Cars 15 One-Month Budget 1‚500 April Varianc Actual e 1‚720 220 469 550 81 375 1‚500 495 1‚600 120 100 7‚500 7‚500 5‚500 16‚844 31‚250 $0.539 15 5‚867 17‚732 35‚000 $0.507 16 367 888 Required: Employing flexible budgeting techniques‚
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Concept of Accounting ✓ Definition of Accounting ✓ Development of Accounting Standard ✓ Purpose of Accounting ✓ Nature and Characteristics of Accounting ✓ Accounting as a Language of Business ✓ Distinction between Accounting and Bookkeeping ✓ Financial Accounting Vs Management Accounting ✓ Accounting Practice in Bangladesh ✓ Accounting Profession in Accounting Field ✓ Accounting Ethics ✓ History of Accounting
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