OL3210--Principles of Managerial Accounting—unit 2 complete There are various ways that financial statement information is presented in this article on Nokia. The first way I see is in the Good News section on page 1 “the bulk of its revenues—more than quadrupled‚ from $2.1 billion in 1993 to $8.7 billion last year (1997)‚” and on say “the recent June quarter surging to $616 million‚ up 76% from the same quarter in 1997” this is an partial example of an horizontal analysis (Stone‚ 1998). A horizontal
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Dawn Howarth ACC122 Managerial Accounting Career Paper Baker College What is Managerial Accounting Managerial accounting is the process of identifying‚ recording‚ analyzing and finally presenting the financial data which is used by the management and business owners for the purposes of command and for decision making. The difference between financial accounting and management accounting Financial accounting is reported publicly while management accounting is used by the company or organization
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Outsourcing Erica Inman BUS630: Managerial Accounting Professor Oscar Lewis April 16‚ 2012 Outsourcing Outsourcing is used very extensively in today’s world. Organizations use all kinds of outsourcing in their ever day activities to improve products and services that they provide to customers. Outsourcing is used to free both capital and brainpower for investment‚ research‚ and development. More than 90 percent of companies view outsourcing as an important part of their business
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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
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Faculty of Business Administration Department of Accounting BBA Program COURSE OUTLINE Term: Summer 2012 – 2013 I. Course Code and Title : BBA – 2210: Managerial Accounting II. Credit : 3 credit hours III. Course Description: This course introduces management accounting as an interactive discipline among the young learners and covers a wide range of issues leading to managerial decision making such as: Definition and features of managerial accounting; cost terms‚ concepts‚ and classifications; cost
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Accounting Alternatives Case At the beginning of the year 20x1‚ two companies began operations to sell home heating units. Eads Heaters Inc. is located in Eads‚ Colorado‚ and Glenwood Heating Inc. is in Glenwood Springs‚ Colorado. The companies operate under similar economic conditions and have identical operations during the year. However‚ each manager makes different accounting choices and estimates when applying generally accepted accounting principles (GAAP) in preparing the company’s financial
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leadership and management team‚ the CFO currently occupies a very crucial and viable position in today’s global business society. However‚ this present level of CFO’s recognition has not always been identifiable or appreciated by non-for-profit and profit organizations. May (2001) state that “CFOs are some of the most misunderstood people on the universe. Somewhere along the way‚ they got mistaken for accountants” (p. 12). As the position of the CFO continues to evolve‚ so will the expectations
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Salem State University ACC202 – Managerial Accounting – Practice Test Chapters 14‚ 1‚ 2 Professor Paul F McGee‚ CPA Name___________________________________________ Please indicate the best/correct answer by circling the appropriate letter. 1. Managerial accounting helps managers perform three vital activities. These activities include all of the following except: a. Planning b. Controlling c. Decision making d. Hiring Controllers 2. The act that was intended to protect the interests
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Accounting chapter 7 managerial accounting Exercises Lambert Fabrication‚ Inc.‚ uses activity-based costing data for internal decisions. The company has the following four activity cost pools: Activity Cost Pool Annual Activity Producing units 5‚000 machine-hours Processing orders 1‚000 orders Customer support 200 customers Other Not applicable The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The company traces the costs of direct
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managerial accounting 9th edition‚Ronald 03. Sadler Corporation purchased equipment to be used in manufacturing. The purchase was made at the beginning of 2006 by paying cash of $150 000. The equipment has an estimated residual value of 10‚000 and an expected useful life of 10 years. At the beginning of 2008‚ Sadler concluded that the total useful life of the equipment will be 8 years rather than 10‚ and that the residual value will be zero. Sadler uses the straight-line method for depreciation
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