What is strategic management accounting (SMA) Discuss the conceptual framework of strategic management accounting (SMA) Roslender & Hart‚ 2003 SMA is best understood as a generic approach to accounting for strategic positioning. It is defined by an attempt to integrate insights from management accounting and marketing management within a strategic management framework. To date‚ the attribute costing technique has been the most compelling development within SMA. Its focus on costing the benefits
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Case Study 12.31 and 12.32 This paper addresses the solutions to Case Study 12.31 and 12.32 in the textbook authored by David Marshall‚ Wayne McManus‚ and Daniel Viele “Accounting; What the numbers mean.” Both case studies bring about a better understanding of operating and financial leverage. This discussion includes the return on investment‚ return on equity‚ contribution margin‚ and break-even point. All these terms associate with the two types of leverage. The exertion of a force that
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What is Fair Value Accounting? An alternative approach to measurement that seeks to capture changes in asset and liability values over time. The International Accounting Standards Board (IASB) defines fair value as "... an amount at which an asset could be exchanged between knowledgeable and willing parties in an arms length transaction". Under the fair value measurement approach‚ assets and liabilities are re-measured periodically to reflect changes in their value‚ with the resulting change impacting
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What is meant by the phrase ‘Evidence Based Practice’? Evidence-based practice can be described as “a framework of decisions that are made from previous knowledge that are derived from previous research” (University of Westminster‚ 2008). Evidence-based practice allows the practitioner to apply their knowledge to a situation that has been previously researched to allow them to make a well informed decision about future action(s). It has been used widely in the health care system for some years
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ISSUES IN ACCOUNTING EDUCATION Vol. 18‚ No. 2 May 2003 pp. 137ñ173 The Tallahassee BeanCounters: A Problem-Based Learning Case in Forensic Auditing Cindy Durtschi ABSTRACT: You are auditing the books of the Tallahassee BeanCounters (TBC)‚ a minor league baseball team in Tallahassee‚ Florida. During your audit the teamís owner‚ Franklin Kennedy‚ approaches you and offers an additional fee if you will quietly investigate the possibility of fraud within the firm. Mr. Kennedy reports that he received
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Evidence-based practice is the process of applying existing research findings that has shown to work when considering a chosen strategy. It is based on analysing the collection of data that has contributed towards a specific knowledge base‚ which has been shared amongst fellow practitioners within a specific field‚ with the aim to inform current practice within a profession. It encourages practitioners to guide their practice by drawing on existing research and applying it. The use of evidence-based
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TITLE : RULES AND REGULATION IN PUBLIC SECTOR ACCOUNTING. DATE / TIME : 07 OCTOBER 2012 (MONDAY) / 4:00 PM LOCATION : ROOM SPK308‚ OTHMAN YEOP ABDULLAH BUILDING (SCHOOL OF ACCOUNTING.) GUEST : STUDENT OF PUBLIC SECTOR ACCOUNTING GROUP C AGENDA : INFLUENCE OF RULES AND REGULATION ON PUBLIC SECTOR ACCOUNTING PRACTISE. Last Sunday‚ we are discussing about the rule and regulation regarding Public Sector Accounting Practice. On that day‚ we are discussing about the article in federal
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What are good friendships based on? That’s what my essay is going to be about. I will describe what a good friend means to me and to the people I know‚ because I’m sure that the characteristics I look for in a good friend are the same as a lot of people. The characteristic and human qualities they should have to be a great friend. With this essay you would learn how I expect good friend to be and to act with me and other people too because if you have any of this characteristics‚ but only use the
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Class Based Oppression Living in America means that you are living in one of the most prosperous countries in the world. Knowing that‚ why is poverty such an outrageous percentage of where we live? Poverty in America is not just the people we detect on the streets scrounging for anything possible. Poverty in America consists of families working minimum wage jobs just to keep clothing on their children and a roof over their head. Poverty in America consists of living in a community where education
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that seems to be becoming more and more prevalent. I have chosen to look at this problem using Care-based ethics‚ as well as Rule-based ethics. These two types of ethics are on either end of the ethical spectrum and I believe will show the greatest contrast when examined. The solution shown in choice two of the exercise is supported by Rule-based ethics. When following the guidelines of Rule-based ethics‚ the greater good must always be considered first and foremost‚ not in a case by case manner
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