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You are appointed as the assistant management accountant of a company of your own choice, operating either in the service or manufacturing industry. The main aim of the company is to improve operating efficiency by controlling cost and improving profitability. Your task is to write a report to the Board of Directors that will be discussed in the next board meeting. You are required to:
1. Discuss the importance of management accounting for your selected organisation and differentiate between management accounting and financial accounting. (300 words)
2. Evaluate different classifications of costs (types, behaviour, function and relevance) with examples. (650 words)
3. Explain the meaning of variance analysis and discuss the most commonly derived variances, outlining the problems and limitations. (550 words)
4. Identify different operational budgets and explain the advantages of preparing different operational budgets. (500 words)
The operations management team
Certain taxpayers have the option of using either the percentage of completion method or completed contract method for reporting profit on long-term contracts. What impact could the AMT have on this decision? Indicate the sources of your opinio..
coase farm grows soybeans near property owned by taggart railroad. tagart can build zero one or two railroad tracks
scenario - clara comes to an attorneyu2019s office in need of assistance with her husbandu2019s estate. her husband
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the dorilane company specializes in producing a set of wood patio furniture consisting of a table and four chairs. the
on december 31 2007 filmore company granted some of its executives options to purchase 50000 shares of the companys 10
Why do you think company uses accelerated depreciation methods for income tax purposes, rather than using straight-line method?
the welding department of hirohama manufacturing company has the following production and manufacturing cost data for
Which departments within the company need reports generated by the accounting information systems?
Given the change in cyclical unemployment over this two-year period, what can you conclude about the state of the economy?
Jeffery and Cassie, who are married with modified AGI of $90,000, are sending their son to his first year of college. Their total tuition and related payments during 2013 amounted to $5,500.
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