Chapter 1: The Accounting Environment – What is Accounting and Why is it Done? Accounting is a system for gathering data about an entity’s economic activity‚ processing and organizing the data and in turn‚ communicating that information to people who want to use it to make decisions. Data are unprocessed facts about an entity’s economic activity that is entered into an accounting system whereas information results from organizing and presenting the data in ways that make it useful for decision
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Chapter 1 The Financial Statements Short Exercises (5 min.) S 1-1 Computed amounts in boxes Total Assets = Total Liabilities + Stockholders’ Equity a. $300‚000 = $150‚000 + $150‚000 b. 280‚000 = 110‚000 + 170‚000 c. 210‚000 = 50‚000 + 160‚000 (5 min.) S 1-2 Ethics is a factor that should be included in every business and accounting decision‚ beyond the potential economic and legal consequences
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1 A company can allocate the costs incurred in the production of products or services in either a direct or an indirect manner. The direct costs can be defined as being the amount materials actually cost plus any other directly linked costs‚ such as labor‚ materials‚ electricity‚ labor for employee and management‚ machine depreciation) Production materials‚ machine or assembly wages. Labor and wages – the cost of obtaining‚ training and retaining labor is a significantly high cost which must
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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 accountants
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Syllabus Course number： Course(in English)： Management Accounting Credit hour：3 Pre-course： Instructing language： Chinese Courseware： English Semester： Fall Course kind： Required course Objects： Master The Course Objectives After the study of this course‚ students should gain full knowledge of the key conceptual framework and generally used methods of management accounting as an important decision making tool for management of businesses
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Current Location ? .HBLC_4124_ACC_202_J002_32368 ACC 202: Managerial Accounting (4124_J002) Quizzes Take Test: Chapter 05 . . Menu Management Options Expand AllCollapse All ..Course Menu:BLC_4124_ACC_202_J002_32368 (ACC 202: Managerial Accounting (4124_J002)) H Announcements . Syllabus . PowerPoint Slides . Tutoring Schedule . Connect . Extra Class Exercises . Quizzes . Exams . My Grades . Help . Take Test: Chapter 05 .Content Assistive Technology Tips [opens in new
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Managerial Accounting Final Essay – Managerial Accounting Abstract Discussing the importance of managerial accounting for managers and business leaders who are not accountants. Understanding accounting principles‚ job costing‚ decisions for capital investments‚ and central versus decentralized business units. Managerial Accounting In business‚ accounting principle is necessary for report annual and quarterly reports‚ IRS‚ shareholders
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(CBA) Course Syllabus BFIN 340: Cost Accounting I COURSE INFORMATION Course Code & Title: BFIN 340: Cost Accounting I Credits: 3 credits Prerequisite: BFIN 231 Classroom: H204 Schedule: TTh: 8:00 – 9:15 Term: Fall 2014 INSTRUCTOR INFORMATION Instructor: Rima Hakim Office: Bldg G‚ Room 101-H Office Hours: TTh 9:30 – 11:30‚ Else by appointment Instructor’s Email: hakimrc@rhu.edu.lb Textbook & Material: Cost Accounting. 15th edition‚ Horngren‚ Datar and
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Managerial Accounting Exam 1 1. Managerial accounting places considerable weight on: A) generally accepted accounting principles. B) the financial history of the entity. C) ensuring that all transactions are properly recorded. D) detailed segment reports about departments‚ products‚ and customers. Answer: D AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement LO: 1 Level: Easy 2. The plans of management are often expressed formally in:
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Accompany Managerial Accounting Creating Value in a Dynamic Business Environment 9th Edition McGraw-Hill/Irwin 2011 by Ronald W. Hilton CHAPTER 1 No key figures. CHAPTER 2 E 2-24 Beginning inventory of finished goods‚ case I: $84‚000 E 2-25 1. Total compensation: $720 E 2-26 2. Total overtime premium: $20 E 2-29 2. Cost of goods sold: $820‚000 E 2-30 (f) $77‚000 (o) $110 E 2-31 2. Cost per call‚ February: $ .27 E 2-33 Annual differential cost: $33‚000
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