One of the readings we read was based on an interview of Primo Levi‚ survived from the terror of Auschwitz. Primo answered to many questions‚ but the one that touched me most‚ and actually made light on my ideas of concentration camps and Nazism‚ was the answer he gave to the question “How is it that there were no large-scale revolts?”. Primo Levi explains that prisoners were very weak from their journey‚ their hair cut‚ and their uniform all the same‚ therefore they would have been spotted almost
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Criticism on historical cost accounting 1. Inability to provide useful information in times of rising prices * Assumes that money holds a constant purchasing power‚ so the result become irrelevance in times of rising prices * Received much criticism during high inflation periods of 1970s and 1980s. * Obvious flaw in time of rising prices. 2. Real problem of additivity * Some countries allowed revaluation of non-current assets and the different assets are revaluing
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In 2002‚ CEO of Levi Strauss‚ Phil Marineau was faced with a tough decision: whether he should sell product at Wal-Mart. In the last five years‚ Levi-Strauss had lost sales and had to close US plants to move production to cheaper offshore areas. Levi’s really needed to revive the brand image to gain back some lost sales and was using marketing to create new advertisements and product placement to broaden their target market. Levi’s had tough competition on every level of the price-point spectrum
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coordinate the individuals’ budgets into a budget for a whole organization. 2) Accounting staff The accounting staff will assist managers in the preparation of their budgets; they will‚ for example‚ circulate and advise on the instructions about budget preparation‚ provide information that may be useful for preparing the present budget‚ and ensure the managers submit their budgets on time. The accounting
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Cost Accounting - Chapter 1 1. Flexibility is said to be the hallmark of modern management accounting‚ whereas standardization and consistency describe financial accounting. Explain why the focus of those two accounting systems differs. Financial accounting is more about the bigger picture—it evaluates the finances of the organization as a whole‚ using historical‚ quantitative‚ monetary‚ and factual data. It is more formal and requires the use of GAAP. The information financial accounting
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COST CLASSIFICATION ASSIGNMENT To classify the various costs would first of all require a definition between the two types of accounting that practically all businesses have to face and a number of key terms which are equally important. These are management accounting and financial accounting. 1. THE DIFFERENCE BETWEEN MANAGEMENT & FINANCIAL ACCOUNTING: Management accounting is concerned with decision making‚ cost apportionment‚ planning and control. It is based within the organisation and is
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Health Care Cost Accounting A capitation payment arrangement can be an effective means to control healthcare costs because it allows both the insurer and the employer to predict costs for healthcare services more accurately. When a capitation payment method is used‚ the financial risk of caring for the patient is transferred to the medical delivery system. If the healthcare delivery system does not have a cost accounting system or the ability to develop cost information on each payer and service
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As mentioned above‚ before Levi was detained in Auschwitz‚ he was disciplined in chemistry. This biographical contextualization is established in a New York Times article‚ “The Complete Works of Primo Levi.” Writer Edward Mendelson reveals that until the age of twenty-four‚ or until he was taken captive‚ Levi “studied chemistry at Turin and worked as a chemist.” This small fact of his life is presented to have a great deal of power in his memoir. Levi’s background in chemistry not only increased
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Accounting 2082 Managerial Accounting Exam 1 Sample Exam Questions Printed Name: Date: I certify that I have neither given nor received assistance on this exam‚ in accordance with the University of Cincinnati Student Code of Conduct. Signature: Instructions: Circle your answers for the multiple choice questions on the exam. Fill out the scantron sheet carefully‚ using a #2 pencil. Your name (last‚ then first) and M number must be on the scantron sheet. Type of
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works in mud…Who fights for a scrap of bread…’ and if we forget its existence‚ we will be cursed hence doomed. We can see this through the text ‘or may your house fall apart‚ may illness impede you may your children turn their faces from you`. Primo Levi is emphasizing that if we forget ‘Inhuman’ then our existence as man are not‚ by far‚ ‘complete’. Hence we cannot be considered as a ‘whole’ man. However‚ the idea of ‘Humanity’ is axiomatically‚ not a perfect concept. The ‘Subjectivity’ of man
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