Managerial purposes and decisions

Assignment Help Accounting Basics
Reference no: EM13138152

The CEO of your company has asked you to prepare a written presentation to be given at the next board of directors meeting on why different types of cost information need to be reported to support different managerial purposes and decisions. In a paper of 2-3 pages, discuss the following:

• What types of cost information are reported to support managerial purposes and decisions?

• Describe 2 major categories of purposes that are supported by cost information.

• Describe how cost information supports both of these categories.

• What is a cost object and how is it used by the management accountant?

• Explain how to arrive at the derivation of cost.

Reference no: EM13138152

Reduction in retained earnings

On that date, when the market price of Oliver was $14 per share, there were 180,000 shares of Gibbs outstanding. What NET reduction in retained earnings would result from th

Fryer inc owns equipment for which it paid 90 million

Fryer, Inc., owns equipment for which it paid $90 million. At the end of 2011, it had accumulated depreciation on the equipment of $27 million. Due to adverse economic conditi

Prepare basic journal entries under proper accounting method

Big Co. acquired 1,000 shares of voting stock in Little Co. for $100,000 cash. Little Co. currently has 10,000 shares of voting stock issued and outstanding. Little Co.'s sh

Cash flows and an income statement are prepared regardless

an income statement is not necessary if a statement of cash flows is prepared.a statement of cash flows is not necessary if an income statement is prepared.a statement of cash

Gems system in the maple ridge engineering case

(Worth 20% of the homework grade) Draw the level 1 data flow diagram (DFD) for GEMS process 2, Update Resources, which is the process that will create and update resource in

Differences between traditional and derivative instruments

What are the differences between traditional and derivative instruments? Why do companies use derivative instruments? Are derivatives a good investment? Explain why or why n

Evaluate the cost recovery deduction

Bonnie did not elect to expense either of the assets under § 179, nor did she elect straight-line cost recovery. Determine the cost recovery deduction for 2007 for these as

What will be the percent change in the market price

Calculate the bond's yield to maturity (YTM)Now, if due to changes in market conditions, the market required YTM suddenly increases by 2% from your calculated YTM, what will

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd