"Examples Of Responsibility Center In Accounting" Essays and Research Papers

  • Examples Of Responsibility Center In Accounting

    RESPONSIBILITY ACCOUNTING Management Accounting - Responsibility Accounting Planning & control are essential for achieving good results in any business. Firstly, a budget is prepared and, secondly, actual results are compared with budgeted ones. Any difference is made responsibility of the key individuals who were involved in (i) setting standards, (ii) given necessary resources and (iii) powers to use them. In order to streamline the process, the entire organization is broken into various...

    Control, Depreciation, Double-entry bookkeeping system 1342  Words | 6  Pages

  • Responsibility Accounting

    ROLE OF RESPONSIBILITY ACCOUNTING IN FOSTERING GOAL CONGRUENCE RATIONALE: It is impossible for top managers to make all the necessary decisions about everything except in very small organizations. Somehow at some point he has to delegate some decisions to those who are at the lower levels and are more knowledgeable to the everyday detail of the company’s operation. By empowering lower level managers to make decisions, decision-making authority is spread throughout the organization rather...

    Control, Cost, Costs 939  Words | 4  Pages

  • Responsibility Accounting

    Cost centres, profit centres, investment centres and revenue centres Responsibility accounting Responsibility accounting is based on identifying individual parts of a business which are the responsibility of a single manager. A responsibility centre is an individual part of a business whose manager has personal responsibility for its performance. The main responsibility centres are: • cost centre • profit centre • investment centre • revenue centre. \ Cost centres A cost centre is...

    Accountancy, Finance, General ledger 611  Words | 4  Pages

  • Responsibility Accounting and Transfer Pricing

    Managerial Accounting and Controls Reporting Responsibility Accounting and Transfer Pricing in Decentralized Operations 1. When are decentralized operations appropriate? 2. How does responsibility accounting relate to decentralization? 3. What are the differences among the four types of responsibility centers? 4. What is suboptimization and what are its effects? 5. How and why are transfer prices for products used in organizations? 6. What are the differences among the various definitions...

    Control, Cost, Cost accounting 1013  Words | 6  Pages

  • Responsibility Accounting

    What is Responsibility Accounting? A responsibility accounting system is an important tool in making decentralization work effectively by providing information to top management about the performance of organizational subunits. As companies became more decentralized, responsibility accounting systems evolved from the increased need to communicate operating results through the managerial hierarchy. Responsibility accounting implies subordinate managers’ acceptance of communicated authority from...

    Activity-based costing, Budget, Control 894  Words | 3  Pages

  • Accounting Examples

    ACCT302 COST ACCOUNTING FINAL EXAM EXAMPLES Demonstration Problem 1 Asani Corp. manufactures an electronic unit that plays a wide variety of video games on a television set. The units are entirely assembled in one production department. All manufacturing costs are incurred at a uniform rate throughout the production process. The following information is available for the month ended March: |Beginning inventory of Work in Process | |$154...

    Costs, Industry, Inventory 1056  Words | 7  Pages

  • Power, Responsibility and Accountability in Accounting

    sufficient power to make significant business decisions in order to enhance businesses’ growth. Responsible decision making, facilitated by use of various accounting tools, enhances a business’ power. Conversely, questionable accounting and irresponsible business decisions can have catastrophic consequences. Contrasting international examples will be discussed here. Richard Branson, a well known entrepreneur, created an empire (the Virgin Group) from an idea of a better priced and better product...

    Bank, Decision making, Financial services 1484  Words | 5  Pages

  • Professional Accounting Ethics and Responsibilities PROJECT

     Professional Accounting Ethics and Responsibilities. The nature of the work as a professional accountant and its responsibilities – including auditing, accounting, and tax services – requires a high level of ethics. Another important mission and responsibility is a worldwide development and enhancement of an accountancy profession with harmonized standards, able to provide services of consistently high quality in the public interest. Current and potential shareholders, investors...

    Accountancy, Accountant, Business ethics 852  Words | 3  Pages

  • Social Accounting Practices in India as a Corporate Social Responsibility”

    “Social Accounting Practices in India as a Corporate Social Responsibility” soniuttranchal@gmail.com Concept: The concept of Social Accounting originated in different forms by Adam Smith in 1776, Later on, Karl Marks and Engel also expressed their views about social costs in 1844. Pigou in 1920 also elaborated the divergence of Social and Private Costs. The concept of social accounting was clearly introduced in the 1970’s and later this concept received serious consideration from...

    Centre for Social and Environmental Accounting Research, Corporate social responsibility, Corporation 2294  Words | 7  Pages

  • Management Accounting in an Amoeba Management Profit Center Setting

    John Martin August 2, 2011 Accounting 521 Term Project Management Accounting in an Amoeba Management Profit Center Setting Introduction A profit center is a when a responsibility center’s performance is measured in terms of a profit. Both departmental revenue and costs are accounted for. The resulting profit (or loss) directly affects the bottom line of a company’s overall financial performance. Any department, division, business unit, etc. within an organization’s structure can be designated, structured...

    Accounting information system, Control, Leadership 2155  Words | 7  Pages

  • Introduction to Management Accounting Terms and Examples

    Management Accounting Terms and examples Accounting is the process of analyzing and recording transactions for the purpose of preparing reports for statutory reporting, decision making and control.   Types of accounting Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, receipts and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. The accounting process...

    Accountancy, Cost, Costs 1213  Words | 5  Pages

  • Profit Center

    INCREAS PROFITABILITY OF BRANCH profit center Definition A business unit or department which is treated as a distinct entity enabling revenues and expenses to be determined so that profitability can be measured. Distinctly identifiable department or unit that contributes to the overall financial results of a firm. Where adequate cost accounting systems are in place, profit centers are given responsibility to target certain percentages of the total revenue and are given adequate authority...

    Cost, Cost accounting, Costs 361  Words | 3  Pages

  • Managing Cost Centers

    are assigned as the responsibility of the unit’s manager (Baker & Baker, 2011). These units are classified as cost centers and may be grouped into a larger category that all have something in common (Baker & Baker, 2011). For example the laboratory and radiology department can each be seen as a separate cost center that can be grouped together under the category of professional services. In the case of a cost center, a particular unit of the organization is given responsibility for controlling costs...

    Cost, Cost accounting, Costs 1031  Words | 3  Pages

  • Responsibility Accounting

    Budget and Responsibility Accounting Budget Meaning Budget is a financial and/or quantitative statement, prepared and approved prior to a defined period of time, of the policy to be pursued during that period for the purpose of attaining a given objective. * CIMA Official Terminology It is a plan quantified in monetary terms, prepared and approved prior to a defined period of time, usually showing planned income to be generated and/or expenditure to be incurred during that period...

    Cost, Cost of goods sold, Generally Accepted Accounting Principles 2817  Words | 10  Pages

  • Accounting

    What is a theory? In this book we consider various theories of financial accounting. Perhaps, there¬fore, we should start by considering what we mean by a 'theory'. There are various perspectives of what constitutes a theory. The Oxford English Dictionary provides various definitions, including: A scheme or system of ideas or statements held as an explanation or account (description) of a group of facts or phenomena. Explanation or Account (description) of a group...

    Accountancy, Accountant, Accounting organizations 2333  Words | 7  Pages

  • Responsibility Accounting and Transfer Pricing

    MANAGEMENT ACCOUNTING II Responsibility Accounting and Transfer Pricing SEATWORK Seatwork #1 Wen Wares is a division of a major corporation. The following data are for the latest year of operations: Sales .................................................................................P10,890,000 Net operating income ...................................................... P609,840 Average operating assets ................................................. P3,000,000 The company’s minimum required...

    Computer, Costs, Earnings before interest and taxes 1387  Words | 6  Pages

  • Accounting Software Example

    Table of Contents OBJECTIVES 3 BUSINESS INTRODUCTION 3 ACCOUNTING SOFTWARE 3 ADVANTAGES 4 COMMUNICATION 4 FINANCIAL MANAGEMENT 4 SALES MANAGEMENT 5 INVENTORY CONTROL (IC) 5 HUMAN RESOURCES (HR) 5 DISADVANATGES 5 ANALYSIS OF DATA 6 SUMMARY 6 Bibliography 7 OBJECTIVES In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand, I will consider advantages and disadvantages of the software which are relevant to the proper...

    Accounting information system, Accounting software, Application software 1315  Words | 5  Pages

  • The Impact of Contingencies on Management Accounting System Development.

    Management Accounting SYSTEM 1 3.0 THE IMPACT OF CONTINGENCIES ON MANAGEMENT ACCOUNTING SYSTEM DEVELOPMENT 2 ( i ) Environment 2 ( ii ) Strategies and mission 3 ( iii ) Technology 4 ( iv ) Firm interdependence 4 ( v ) Business unit, firm, and industry variables 5 ( vi ) Knowledge and observables factors 5 ( vii ) Culture 6 4.0 Summary and Conclusions 6 5.0 REFERENCE BOOKs 7 1.0 INTRODUCTION The management of a company needs to develop cost and management accounting systems...

    Accounting information system, Accounting software, Control 1731  Words | 6  Pages

  • What Is Responsibility of Accounting

    "What is responsibility accounting? Is it used at your current (or former) place of employment, and if not, would it work? Why, or why not?" According to allbusiness.com, responsibility accounting is defined as a “collection, summarization, and reporting of financial information about various decision centers (responsibility centers) throughout an organization” (allbusiness.com). The article also explains that responsibility accounting helps an organization trace costs, revenues and profits to...

    Cost, Costs, Decision making 335  Words | 2  Pages

  • Accounting

    Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming...

    Accounts receivable, Audit, Auditing 979  Words | 4  Pages

  • Accounting

    Managerial Accounting ASSIGNMENT 1 I agree that budgetary control is part of overall organisation control and is concerned primarily with the control of performance. Also, the use of budgetary control in performance management has of late taken on greater importance especially as a more integrative control mechanism for the organisation. A budget is defined as an estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals...

    Budget, Budgets, Control 705  Words | 3  Pages

  • Six Roles in the Buying Center

    buying center can easily be defined as any members of an organization responsible for finalizing a major purchase decision. In a business setting, these major purchases may require input from all different departments such as finance, accounting, purchasing, information technology management, and senior management. The buying center is typically made up of six roles that include: initiators, users, gatekeepers, influencers, deciders, and buyers. Hospitals and the stock market are both examples of different...

    Management, Manufacturing, Marketing 883  Words | 2  Pages

  • Module 1: Financial Accounting & Accounting Standards

    PhD Course Name: ACCT 3001 v1.0 (Section 3) Module 1: Financial Accounting & Accounting Standards 1. Differentiate broadly between financial accounting and managerial accounting. -Financial accounting measures, classifies, and summarizes in report from those activities and that information which relate to the enterprise as a whole for use by parties both internal and external to a business enterprise. Managerial accounting also measures, classifies, and summarizes in report form enterprise...

    Annual report, Balance sheet, Cash flow 644  Words | 3  Pages

  • accounting

    Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day, in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines, referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed, some 10,000 years ago, in the area known as Mesopotamia, later Persia, and today the...

    Accountancy, Accountant, Chartered Accountant 2329  Words | 10  Pages

  • From Cost Center to Profit Center

    operations into cost or profit centers. It is a management and strategic decision for companies to decide which divisions should be cost centers and which ones should be profit centers. . A cost center may actually provide services that could generate a profit if they were offered on the open market. But in most corporate environments, cost centers are not expected to generate a profit and operation costs are treated as overhead. Departments that are typically cost centers include information technology...

    Business, Corporation, Economics 2134  Words | 7  Pages

  • The Defination and Example of Approaches to Social Responsibility

    obstructive stance toward social responsibility attempts to defend its economic priorities by blocking any attempts to point out the company's lack of social responsibility. An obstructive company does not make social responsibility an effort, instead making profits the most important aspect of its business. Some people view obstructive businesses as immoral since they may exploit their employees, pollute natural lands or deceive customers.(Breann Kanobi, eHow Contributor) Example~ IBP, a leading meat-processing...

    Company, Law, Proactive 669  Words | 3  Pages

  • Advanced Accounting Consolidation Example

    ORACLE AND PEOPLESOFT: MERGED? Introduction What is a hostile takeover? Merriam-Webster defines hostile as an adjective meaning “unfriendly,” and takeover as a verb meaning “to assume control or possession of or responsibility for” (Mich, 1997). In the business arena, a hostile takeover is a stock acquisition in which “management and/or a significant number of shareholders oppose the purchase of the company by the intended buyer” (Fisher, Taylor, & Cheng, 2002). The case of Oracle and PeopleSoft...

    1918, Application software, Computer software 1187  Words | 4  Pages

  • Responsibility Centers Within Organizations

    Managerial Accounting & Organizational Controls July, 2010: C.N.B Responsibility Centers within Organizations Within every organization today there is at least one responsibility center that helps the organization function. Responsibility centers are the resources and/or set of activities that have been assigned to employees and managers (Horngren, Sundem, Stratton, Burgstahler, & Schatzberg, 2008). You will find that some organizations have more than one responsibility center as is the...

    Cost accounting, Individual responsibility, Management 455  Words | 2  Pages

  • SAP Accounting module

    important to understand the concepts of Financial accounting process in ERP using SAP. (At least one paragraph) Financial and Managerial Account is a part of financial accounting. Maintaining Payroll data, processing payroll, maintaining General ledger for a company and generating reports for external parties is part of Financial Accounting Module. Since SAP follows centralized data management system, the data maintained by SAP for accounting and payroll is correct and acquires data...

    Data, Enterprise resource planning, ERP software 667  Words | 5  Pages

  • Accounting

    counsel on consumer goods and services. A major part of its function is testing of different brands of consumer products that are purchased on the open market and then the reporting of results of the tests in Consumer Reports, a monthly publication. Examples of the types of products it tests are middle-sized automobiles, residential dehumidifiers, flat-screen TVs, and boys’ jeans. a.) In what ways are the services provided by Consumers Union similar to assurance services provided by CPA firms? ...

    Audit, Auditing, Automobile 1680  Words | 5  Pages

  • Responsibility Accounting and Cost Control

    Topic:Responsibility Accounting and Cost Control. Subject: Management control systems Index: |Sr.No |Topic |Page No | |1 |Meaning of Responsibility Accounting |3 | |2 |Steps involved in Responsibility Accounting ...

    Asset, Control, Control theory 9103  Words | 37  Pages

  • Management Accounting

    Running Head: MANAGEMENT ACCOUNTING The Management Accountant in Business [Name of the Writer] [Name of the Institution] The Management Accountant in Business Introduction Tesco Public Limited Company is a merchandising retailer and a grocery retailer multinational chain which has it’s headquarter in Cheshunt in the United Kingdom. Tesco as compared to its counterparts, Walmart and Carrefour, is the world’s third largest retail store with regard to the revenues that it generates. Tesco stands...

    Accountancy, Business, Hypermarket 1855  Words | 5  Pages

  • Responsibility

    Pvt Hogue, Ryan 15, AUG 2012 RESPONSIBILITY There is no philosophically well-settled way of dividing or analyzing the various components of responsibility, and some components are often ignored by philosophers. To take a more comprehensive approach, this article divides the responsibility of individuals into four areas of enquiry. Recent analytic moral philosophy has tended to ask two deceptively simple questions about responsibility like; “What is it to be responsible?” and “What is a person...

    Core issues in ethics, Ethics, Individual responsibility 2023  Words | 6  Pages

  • Accounting: the Financial Accounting Standards Board (Fasb)

    Intermediate Accounting Paper The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. It was created in 1973, replacing the Accounting Principles Board and the Committee...

    Accounting in the United States, Certified Public Accountant, Finance 1170  Words | 4  Pages

  • Accounting

    8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2, all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets, liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major...

    Accounts payable, Accounts receivable, Asset 268  Words | 5  Pages

  • Accounting

    Difference between accounting and auditing The main difference is that accounting is preparing the books and auditing is checking if the book are prepared according to the applying framework. Back to a fundamental question, what is the difference between accounting and auditing from a financial perspective? A quick answer is: Accounting is a process of preparing the works, Auditing is a process of evaluating & scrutinizing of the work prepared. In other words, accountants are in charged...

    Audit, Auditing, Auditor's report 1472  Words | 7  Pages

  • Accounting

    equality of debits and credits in the journal have been proved. Entries in the purchases journal are made without supporting documentation. from purchase invoices. from sales invoices. from the general journal. Principles of an efficient and effective accounting information system include all of the following except cost effectiveness. flexibility. useful output. All of these options are principles. Which of the following is not an advantage of a subsidiary ledger? Puts greater detail in the general ledger...

    Accounts receivable, Balance sheet, Bookkeeping 1205  Words | 3  Pages

  • Accounting

    the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) to harmonise accounting amongst all countries across the globe. The objective of harmonisation is to ensure that financial reporting around the globe is prepared using the same accounting standards or accounting rules. Preparing accounts using the same accounting standards ensures that there is comparability of accounts prepared in different countries. Common accounting standards eliminate...

    Accountancy, Accounting software, Accounts receivable 1211  Words | 4  Pages

  • accounting

    Accounting, or accountancy, is the measurement, processing and communication of financial information about economic entities. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. Accounting can be divided into several fields including financial accounting, management...

    Accountancy, Accountant, Big Four auditors 1677  Words | 6  Pages

  • Nature of Accounting and the Accounting Standard

    Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However, some people argue that the functions of accounting are not that easy. Except the communication tool, accounting acts as many other difference roles in business. When doing accounting, different standard may be used. There are...

    Asset, Balance sheet, Business 1202  Words | 4  Pages

  • Managerial Accounting

    Anonymous | Managerial Accounting Career Paper | | | Managerial Accounting Career Paper What is managerial accounting? Managerial accounting provides managers with information to help control operations inside the company. Managerial accounting is sometimes called cost accounting, which is basically an expanded phase of general or financial accounting which provides management with the production cost, selling cost, or the cost of services that the company may provide. Managerial...

    Accountancy, Certified Management Accountant, Corporate governance 790  Words | 3  Pages

  • Accounting

    Governance Introduction Corporate Governance is often refers to as the system that directs and controls limited companies. (Mclaney and Atrill, 2005). Corporate governance is a term with a broad meaning ‘that has to do with ... the rights and responsibilities... shared among owners, managers and shareholders of a given company’ (Tatum, 2010). Further explanation of the term stated by the OECD Principles of Corporate Governance explained that the term “... involves a set of relationships between...

    Audit, Auditing, Auditor's report 2041  Words | 7  Pages

  • accounting

    Financial reporting other than financial statements may take various forms. Examples include the president’s letter or supplementary schedules in the corporate annual report, prospectuses, reports filed with government agencies, news releases, management’s forecasts, and descriptions of an enterprise’s social or environmental impact. 2. Explain how accounting assists in the efficient use of scarce resources. Accounting provides reliable, relevant, and timely information to managers, investors,...

    Accountant, Accounting organizations, Accounting Principles Board 624  Words | 3  Pages

  • Accounting Ethics

    way to project that image, and there is a certain amount of truth to it. Not all accountants are anal-retentive little wimps who cannot get a date. Many of them are quite articulate. Some are quite lovely, in some schools, more than half of the accounting majors are women. Also, not all CPAs are squeaky clean and respected for their honesty. Some are quite dishonest and are putting a black mark on the image of the entire profession. There is one area where the CPA profession has fallen short of protecting...

    Accountancy, Accountant, Business ethics 1271  Words | 4  Pages

  • Accountant Responsibility

    Research Paper – Accountant Responsibility Introduction Accounting by definition is “The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business” (The American Heritage). An accountant’s responsibility is not something that is equally split or separated by category. It is not something that can be defined easily or without a lot of research and thought. An accountant...

    Accountancy, Accountant, Accountants 2438  Words | 7  Pages

  • Accounting

    ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however, the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized...

    Accounting software, Accounts payable, Accounts receivable 672  Words | 3  Pages

  • Financial Accounting

    Veronica Bradley Financial Accounting August 12, 2012 Internal Controls Case Study 2 Internal Controls LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The Company has to check the internal controls of a system of checks and balances designed to detect and prevent fraud and errors. The Sarbanes-Oxley Act requires U.S. companies to enhance their systems...

    Accountancy, Auditing, Cash 899  Words | 3  Pages

  • MANAGEMENT ACCOUNTING

    Explain the following: (a) Financial accounting Is concerned with the provision of information to external parties outside the organization and also concerned with the classification and recording of financial transaction in monetary terms in accordance with the established concepts, principles, accounting standards and legal requirements and presents the effects of the transactions on the performance and financial position of the business. (b) Cost accounting Is concerned with the ascertainment...

    551  Words | 3  Pages

  • Accounting

    ← Abstract Faced with various issues of international accounting in cultural, economic, ethical and social level, after comparing US with China about the GAAP, analyzing the differences and difficulties in global accounting standard, it’s necessary to separate different accounting standards because of the diversification in different countries, it shows that accountancy professions play an important role in capital market, which can provide useful, relevant and reliable information to interested...

    Balance sheet, Economics, Financial crisis of 2007–2010 1874  Words | 7  Pages

  • Accounting Concepts

    Materiality and aggregation concept Concept on Prudence Matching Principle Dual Aspect Relevance Concept Introduction Financial accounting has a number of conservative laws which have been considered over the years and all the possible identifiable rules are: Business Entity Concept, Money Measurement Concept, Going concern Concept, Accrual basis of accounting concept, Consistency Concept, Materiality and aggregation concept, Prudence, Matching Principle and Dual Aspect 1. The Business Entity...

    Asset, Balance sheet, Depreciation 1518  Words | 5  Pages

  • Environmental Accounting

    ------------------------------------------------- Topic : Companies across the world have started to adopt environmental accounting. What is environmental accounting? Should it be made mandatory? Does environmental accounting help the environment in any way? Give specific examples of how environmental accounting has benefited the environment. ------------------------------------------------- Introduction : The developing countries like India are facing the twin problem of protecting the...

    Environment, Environmental science, Environmentalism 1830  Words | 6  Pages

  • Accounting

    Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S., generally accepted accounting principles, commonly abbreviated as US GAAP or simply GAAP, are accounting rules used to prepare, present, and report financial statements for a wide variety of entities, including publicly-traded and privately-held companies, non-profit organizations. (b)What bodies provide authoritative support for GAAP...

    Accounting equation, Asset, Balance sheet 557  Words | 3  Pages

  • Accounting

    ĐỀ THI KIỂM TRA GIỮA KỲ Môn học: KẾ TOÁN QUẢN TRỊ (Managerial Accounting) Lớp: KT302DV01, HK10.1 Thời lượng: 6 0 phút (Không kể thời gian phát đề) Không được tham khảo tài liệu, Chỉ được sử dụng từ điển Anh – Việt, không sử dụng Kim từ điển Sinh viên làm bài trên đề thi Đề thi gồm 07 trang Họ tên sinh viên: …………………………………………………. Chữ ký và họ tên cán bộ coi thi 1 Chữ ký và họ tên cán bộ coi thi 2 Đ iểm thi Bằng số Đ iểm thi b ằng chữ ………………………………………………… MSSV: ……………………………………… ...

    Cost, Costs, Fixed cost 748  Words | 5  Pages

  • 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...

    Accountancy, Balance sheet, Economics 745  Words | 3  Pages

  • Professional Responsibility in Computer Science

    Professional Responsibility," he argues that "although informatics has been undergoing a rapid development, there has been no corresponding development in the concept of responsibility as it applies to computing practitioners" (107). Gotterbarn believes that computer professionals should be perfect and are responsible for any effects caused by their coding. I disagree with Gotterbarn on this matter. In this essay, I will show that Gotterbarn's thoughts and beliefs on professional responsibility in computer...

    Computer, Computer programming, Computer software 1358  Words | 4  Pages

  • Accounting Ethics

    Accounting Ethics Accounting ethics is primarily a field of professional ethics, the study of moral values and judgements which are applied to the accountancy. “Accounting ethics can be defined as a set of distinct guidelines for a business to maintain clean balance sheets, accounting for their profits, losses and expenses incurred and prevent it from mishandling financial reports and statements” (Buzzle 2011). The nature of the work carried out by accountants and auditors requires a high level...

    Balance sheet, Business ethics, Enron 1296  Words | 4  Pages

  • Benefits of Responsibility Accounting

    BENEFITS OF RESPONSIBILITY ACCOUNTING ANSWER 1 1) Better System of Control It enables the management to management to delegate authority to responsibility centres while remaining overall control with itself. 2) Decentralization of Decision Making It forces the management to consider the organisational structure to result in effective delegation of authority and placement of responsibility.So it will compel individual manager to take right decision. 3) Comparison of Performance It...

    Control theory, Decision making, Individual responsibility 395  Words | 2  Pages

  • Accounting

    Week 2 Discussed and Assessed Discussed Questions Martina Thomas University of Phoenix Accounting ACC/561 Tony Guice March 22, 2011 Week 2 Discussed and Assessed Discussed Questions Prepare to discuss any of the following questions from p. 715 of Introduction to Management Accounting: 15-3, 15-9, 15-4, & 15-15. 15-3. How are the income statement and balance sheet related? Income statement is one of financial statement that a company uses to outline the activities and occurrences...

    Asset, Balance sheet, Depreciation 760  Words | 3  Pages

  • Call Centers

    standing by,” your call is being answered by a call center. Call centers are locations that can perform a variety of tasks for a business. According to Wikipedia.com, “A call centre or call center is a centralised office used for the purpose of receiving or transmitting a large volume of requests by telephone. An inbound call centre is operated by a company to administer incoming product support or information inquiries from consumers. Outbound call centers are operated for telemarketing, solicitation...

    Call centre, Computer telephony integration, Customer 1308  Words | 3  Pages

  • Lab Budgeting and Cost Accounting Under Drgs

    Lab budgeting and cost accounting under DRGs Medical Laboratory Observer, Feb, 1985 by W. Glenn Cannon Cost accounting is not a solution to management problems. It is a management tool designed to provide information that facilitates sound decisions. The two primary objectives of cost accounting are 1) to match cost with revenue and 2) to match resource consumption with the units of service provided. Under the DRG system, matching revenue with cost and evaluating appropriate utilization levels...

    Cost, Cost accounting, Costs 1279  Words | 4  Pages

tracking img