1. “If an investment does not fit with an organization’s strategic plan‚ it is probably not a good idea‚ even if the net present value is positive.” Under what conditions would this be a true statement? When would it be false? The statement is generally true. Investments should be made that are consistent with the company’s strategy. Sometimes a deal comes along that is too good to pass up. In such a case‚ a company might depart from its strategic plan (or revise the plan to accommodate the
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1. An Accounting Information System (AIS) * collects and processes transaction data and disseminates the information to interested parties. * Helps management answer such questions as: * How much and what kind of debt is outstanding? * Were sales higher this period than last? * What assets do we have? * What were our cash inflows and outflows? * Did we make a profit last period? Basic Terminology (see Textbook for definitions) * Event * Transaction * Account
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Generally Accepted Accounting Principles September 2‚ 2013 NUR/571 Generally accepted accounting principles (GAAP) is the term “used to describe the body of and requirements that shape the preparation of the four primary financial statements (Cleverley & Cameron‚ 2007).” These statements include the balance sheet‚ the statement of revenues and expenses‚ statement of cash flow‚ and statement in changes of net assets (Cleverley & Cameron‚ 2007). These statements track financial information and give a
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ACCOUNTING INFORMATION DISCLOSURE: AN EMPIRICAL INVESTIGATION OF A FRUITLESS FIG TREE Victor Fegor ORIGHO MGS/PG1209622 A PAPER SUMMITED TO THE DEPARTMENT OF ACCOUNTING‚ UNIVERSITY OF BENIN BEING PARTIAL FULLFILMENT OF RESEARCH METHODOLGY COURSE REQUIREMENT MARCH‚ 2013 ABSRACT This is the first study that tries to compare the inadequacy of accounting information disclosure in meeting financial users need to the inadequacy of a blossoming tree not producing fruits
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as well as outside users and provide information about the entire company. Managerial accounting is primarily used by individuals within a company or organization. The main purpose of financial accounting is to prepare financial reports that provide information about an organization’s performance to external parties like creditors‚ investors and tax authorities (Hilton‚ 2006). There are several key differences between both managerial and financial accounting. The first key difference is in the
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Managerial accounting chapter 13 garison Question 13-11 Project A Initial Cost = $15‚000 Life of the project = 10 years Annual net cash inflow = $4‚000 Salvage Value = $0 Required rate of return = 16% Item Years Amount of cash flow 16% factor Present Value of Cash flow Annual net cash flow 1 to 10 $4‚000 4.833 $19‚332 Intial Investment Now $15‚000 1 $15‚000 Net Present Value (a-b) $4‚332 Project B Initial
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Managerial Acctg Quiz 1 – Fall 2012 NAME_ ______________________ Chapters 1 and 2 10 Points 1. Complete the answer sheet below by placing an "X" under each heading that identifies the cost involved. The "Xs" can be placed under more than one heading for a single cost. (5 Points) Variable Cost Fixed Cost Direct Materials Direct Labor Manufactu ring Overhead Period Cost Materials costs X X Production line workers wages X X Production Equipment
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CHOICE A set of two or more interrelated components that interact to achieve a goal is: a) A system b) An accounting information system c) Data d) Mandatory information This results when a subsystem achieves its goals while contributing to the organization’s overall goal. e) Goal conflict f) Goal congruence g) Value of information h) Systems congruence Goal conflict may result when i) A decision or action of a subsystem is inconsistent
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Accounting and information systems‚ 1992‚ 800 pages‚ John R. Page‚ H. Paul Hooper‚ 0130060402‚ 9780130060402‚ Prentice Hall‚ 1992 Published: 7th February 2012 DOWNLOAD http://bit.ly/1RaIlxM Accounting and information systems DOWNLOAD http://bit.ly/1pqzlf5 https://openlibrary.org/works/OL7020737M/Accounting-and-information-systems http://is.gd/tMsYZB Data systems--design and management ‚ William W. Walsh‚ Ted R. Ellison‚ 1975‚ Business & Economics‚ 280 pages. . The Design
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science. Whereas accounting provides decision makers with a rational means by which to budget for and measure a business’s financial performance‚ financial management provides the theory‚ concepts‚ and tools necessary to make better decisions” (Gapenski‚ 2007). For leaders to manage finances successfully‚ they employ four key managerial elements. The four elements include: (1) planning‚ (2) controlling‚ (3) organizing and directing‚ and (4) decision making. Through these managerial processes‚ managers
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