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Select one enterprise you are familiar with. It can be your past, current or future employer OR you may interview someone who has worked or currently works in the accounting/finance field. When writing your paper, do not use any real names. The enterprise shall be called 123 company or 123 nonprofit. If you interview someone, please use the fictitious name Sam Smith. IMPORTANT: At no time should you reveal the true name of the enterprise or any individual in your paper. Anonymity is paramount because many enterprises have confidentiality agreements with their accounting/finance employees. Research and submit a minimum of a 1,000-word written analysis of no more than two situations where the finance/accounting department presented information to managers or upper management and there was a communication gap (e.g.: only a few or none understood the ideas or concepts the finance/accounting department was trying to get across.) While recognizing the non-finance/accounting staff as experts in their field, explain how you would handle a similar situation using concepts learned in the course. Provide a brief background (example below) and incorporate course concepts into your meeting with the company president.Example only " Do NOT use this example in your paper. Come up with your own situation. The purchasing department orders excess product each time they order because they order custom product and to not have enough product on hand would significantly delay the manufacturing process and add cost to an order. The purchasing department sees the situation as we don't want to short our customer.The accounting department sees there has been a buildup of excess inventory due to over ordering by purchasing and this excess has become significant. The excess inventory takes up valuable space, is old and should be written off as obsolete (affecting net income), and it ties up cash that could be put to other uses. Senior management becomes involved and asks finance/accounting what is going on. You are invited to a meeting with the VP-Purchasing and a sales-oriented company president to discuss the situation. Apply the concepts learned in this course to your discussion. Value of this project: To adapt your communication and managerial accounting concepts to non-accounting/finance colleagues while understanding and appreciating their contributions to the enterprise. Refer to the concepts and break them down so others understand them.
Determine the total direct manufacturing cost. Briefly explain the difference between manufacturing overhead costs and selling and administrative costs. Calculate both the total manufacturing overhead cost and the total selling and administrative cos..
Compute the amount and percentage changes in 2013 using horizontal analysis, assuming 2012 is the base year.
Access control defines how users should be identified, authenticated, and authorized. These issues are carried out differently in different access control models and technologies, and it is up to the organization to determine which best fits its b..
a) How are Ethyl, Fred, and the partnership taxed on the formation of the partnership?b) If Ethyl were to sell her interest six months later for $150,000, how much would she be taxed?
1. which of the following statements is most correct? a. permanent current assets are those current assets that must be
evaluate the effectiveness of healthcare financial management association hfma response to the proposed change in
layout dicions are the important aspect of the design of theproduction system. please briefly describe produce and
Compute the weighted average number of shares to be used in computing earnings per share for 2010.
mr. g has 1500 to invest. he is undecided about putting the money into a tax exempt municipal bonds paying 7 annual
Alexander Morris is a young boy ready to start the first grade at his local School. The first grade teacher is Mrs. Charles. Alexander is like other young boys in that he likes to play and he always seems happy. In this respect school will be n..
on january 1 2013 pepper enterprises acquired 80 percent of harlan companys outstanding common shares in exchange for
Indicate whether the following would increase, decrease, or have no effect on (a) assets, (b) retained earnings, and (c) total stockholders' equity. A company declares and pays a cash dividend of $25,000.
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