THE UNIVERSITY OF TEXAS AT SAN ANTONIO PRINCIPLES OF ACCOUNTING II ACC 2033 – SPRING 2013 SYLLABUS Instructor | Adrian Wong‚ Ph.D. | Email | adrian.wongboren@utsa.edu | Phone | 210-458-8750 | Office | BB 4.06.28 | Class Time | Sec 005: 2:00 pm – 3:15 pm / TR Sec 901: 8:00 pm – 9:15 am / TRSec 004: 11:00 am–12:15 pm / TR(Class in Spanish) | Office Hrs | 12:30 pm – 2:00 pm / TR | Course Files | https://bb.utsa.edu | Room | Sec 005: TBA Sec 901: TBASec 004: TBA | Prerequisites | ACC
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BASIC CONCEPTS IN MANAGEMENT ACCOUNTING 1. The major functions of management is (are): A. strategic management and long-range planning. B. planning and decision making. C. identifying threats and opportunities for the firm. D. all of the above. Bobadilla 2. The process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information in pursuit of an organization’s goals is called A. managerial accounting C. management B. financial accounting D. promotional activities Bobadilla
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answer the phone‚ please send me an e-mail message. COURSE DESCRIPTION This course builds upon‚ while still emphasizing cost and management accounting topics for manufacturing‚ merchandising‚ and service industries. Unlike financial accountants‚ management accountants are not constrained by externally imposed rules and regulations‚ e.g.‚ generally accepted accounting principles. Therefore‚ there are no rulebooks or standards to memorize. Instead‚ the management accountant must focus on deciding
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Management Accounting Quarterly‚ (Spring 2003). The assignment of indirect costs in a volume-based costing system can lead to product-cost subsidization—overcost high-volume products and undercost low-volume products. Undercosted products can lead to the appearance of predatory pricing where it actually does not exist. This article focuses on a lawsuit brought against a major chain of retail motor fuel (gasoline) service centers for allegedly selling regular-grade gasoline below cost‚ as defined
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2. Adopting a periodic expense approach will severe the already current problems with Wilkerson’s cost system by distorting even more the actual cost picture. The reason is that the periodic method would ignore the company’s product mix as each of the 3 categories has a differentiated direct cost structure. This would therefore create an even more incorrect analysis of the company’s profit structure. Although the current cost allocating system is not optimal (as will be discussed later)‚ it is
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| | | Accounting for Managers G Individual Assignment Due Date: November 9‚ 2012 Topic: Product costing Ningbo lecturer: Ms. Huang HuiQin – E: huanghuiqin@nbu.edu.cn – P: 86-574-87600960 Student: Lê Uyên Phương (Phoebe) – E: leuyenphuongvn@yahoo.com – P: 86-15 757 829 310 Student ID: 1211125031 NBU Intake 12‚ 2012 Required: Examine the literature to identify the different perspectives on how a product’s cost may be formulated
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* PART II The company/industry’s primary objectives for implementing ABC/ABM systems. How does ABC help in cost reduction and accurate cost information? Activity-based cost (ABC) and activity-based management (ABM) systems aimed to satisfy the necessity of accurate information regarding the cost of resource demands by individual products‚ services and customers. ABC also enabled indirect and support expenses to be driven first to activities and processes and then to products‚ services
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on ABC/ABM in the required managerial accounting course at Tuck and at Babson. The eight assignment questions force students to address the ABC calculations and the ABM managerial implications. Answers to the assigned questions are shown below. Question 1. Product Costs per Unit - Current System Valves Pumps Flow Controllers Material $16.00 $20.00 $22.00 Direct Labor 4.00 8.00 6.40 Overhead 17.56 35.12 28.10 (439% of Direct Labor $) Standard unit cost $37.56 $63.12 $56.50 *Overhead Machine
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machinery. Standard cost is the estimated cost of material‚ labor‚ overheads and other costs for each unit of production or purchase in a given accounting period. It is used as the benchmark against which cost variances and financial performance are measured‚ the valuation for inventory and a basis for pricing. It’s best suited to businesses that manufacture‚ but can be used by any business where there is measurable repetition. It is a technique which helps you to control costs and business operations
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the background of Global Electronics‚ Inc. and their situation and then we will expand upon the signs that reveal that a costing system is not supporting management decision making. We will discuss the differences between traditional volume-based cost systems and ABC systems in terms of their ability to support decision-making in addition to the steps related to designing an ABC model. BACKGROUND Global Electronics‚ Inc. (GEI) is headquartered in Sarasota‚ Florida. The company designs‚ manufactures
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