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The purpose of management accounting is to support decision making by collecting, processing, and communicating information that helps management plan, control, and evaluate business processes and company strategy. Organizations don't typically have a job title called management accountant. Instead, this type of work is done by many individuals in varying positions - not all accountants.
The ability to develop and use good management accounting is actually an important ability for many individuals, including finance professionals, operational and marketing managers, top-level executives, and information technologists.
Let's discuss the role of the management accountant and the type of work they do in some more depth. Do research on the Internet and find information about the importance of the management accounting within an organization. Please, add examples of management accounting tasks performed by individuals. How has the role of the managerial accountant in today's business environment. How has the role changed and evolved over time?
Please provide an explanation of the strengths and weaknesses of the internal controls related to the payroll cycle.
The Big Corporation expects next year's net income to be $20 million. The firm's debt ratio is currently 30%. Big has $18 million of profitable investment opportunities, and it wishes to maintain its existing debt ratio.
An amortization schedule for bonds issued at a premium: A. Summarizes the amortization of the premium, a contra-asset account with a credit balance. B. Is reported in the balance sheet.
What is the Conventions on Contracts for the International Sale of Goods (CSIG)? What is the Uniform Commercial Code (UCC)? In what ways is the coverage of the CSIG and the UCC similar or different? Explain your answer in 200 words
How do you know if the company you are investing in has ethical executives? And how do you know that those executives will continue to act in an ethical manner when "times get tough"?
Explain the meaning of the term "accounting principles" as used in the audit report. How is it determined if an accounting principle is "generally accepted". Discuss the sources of evidence for determining whether an accounting principle has substa..
During its first year, the firm earned 249,000. Prepare the entry to close the firms income summary accounts as of its December 31 year end and to allocate the 249,000 net income to partners under each of the following separate assumptions:
ACCT212 Project 2: Financial Statement Analysis-YUM! Brands, Inc. Description: Using the financial statements for YUM! Brands, Inc. located in Appendix A of your Textbook, you will calculate Vertical and Horizontal Analysis and the Financial Ratios ..
On December 31, 2010, the fair value of the Ranger stock owned by Howdy Doody had increased to $70,000. How much should Howdy Doody show in the 2011 income statement as income from this investment?
Calculate the combined pre-determined OH rate using (1) units of production (2) machine hours: 40,000 machine hours, variable mfg OH $80,000, Fixed mfg OH $325,000. The company expects to produce 10,000 units and each product requires 4 hours of m..
On December 31, 2010, Krypton reported a net income of $735,000 for the year. National Star uses the equity method in accounting for its investment in Krypton Labs.
Drew and Emma formed the equal D&E Partnership on January 1 of the current year. Drew contributed $50,000 of cash and land with a fair market value of $100,000 and an adjusted basis of $80,000. Emma contributed equipment with a fair market value o..
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