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According to Martin and Steele (2010, p.13), "The two principal professional associations in Australia - CPA Australia (the CPA) and the Institute of Chartered Accountants in Australia (the Institute) have indicated their awareness of the significance of issues of sustainability reporting and development of appropriate skill sets in word and indeed. The commitment of both organisations to sustainability principles has been shown by their adoption of, and support for, sustainability-focused reporting approaches and by their opting to take up membership of the Accounting for Sustainability Forum".
In a two-part essay:
Consider the above. Discuss the stance and initiatives of the Australian accounting profession on corporate social responsibility (CSR)Include your views on the role of accounting and the accountant on CSR.
Two comments frequently are mentioned in relation to standard costing and variance analysis: "Variances are not explanations" and "Management's goal is not to minimize variances."
Write about Best buy about their Financial Statement Analysis
Describe cost-volume-profit analysis, including the explanation of the calculation and components. In what three ways can the contribution margin be useful in cost-volume-profit analysis?
Preparing the direct materials budget: It takes three pounds of direct materials to produce the Regular product and five pounds of direct materials to produce the Deluxe product.
Why is it necessary for a company to specify a relevant range of activity when making assumptions about cost behavior?
The following information provides the amount of cost incurred in May for the cost items indicated. During May 16,000 units of the firm's single product were manufactured.
Select a city or state in the United States (or Canadian city or province), and employ the Internet to explore the annual budget of governmental unit you selected.
Mistry Company manufactures a line of electric garden tools that are sold in general hardware stores.
Phenix Corporation reports following information regarding its sales and cost of sales. Draw the estimated line of cost behavior by using the scatter diagram, and evaluate fixed costs and variable costs per unit sold.
Discuss the pros and cons of awarding managerial bonuses based on budgeted cost targets. Specifically, what are some ways that the manager could ensure him or herself a bonus but skew your financial data?
What is the definition of the relevant cost and how would it execute to both job costing and process costing.
Roland Andersson is the manager of the Ekland Division of Ystad Industries. His one of several managers being considered for position of CEO, as the current CEO is retiring in a year.
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