...|Topic in Mastery of the |Chapter 3 - Building Your |Chapter 4 – Brain Teasers: Using|Chapter 5 – Cases to Accompany | |Financial Accounting Research |Business Vocabulary: Defining |FARS to Untangle the Mystery |FARS [Related Assignments at End| |System (FARS) Through Cases 2nd |Terms and Solving Problems |[See Introduction and Example |of Cases] | |Edition by Wallace [Chapter 1 |Through FARS [See Introduction |pp. 4-1 to 4-7] | | |and 2 where noted] |and Example pp. 3-1 to 3-7] | | | |FASB, Standard Setting; GAAP; |Table 3.1 Accounting Standards; |1: How Many Standards Have Been |Case 12: Emerging Issues: The | |Governance; FARS [Chapter 1 – |Table 3.39 Regulated Industry; |Issued by FASB?; 2: Dissents |Agenda of FASB; [Case 8 Related:| |The Financial Accounting |Table 3.40 Specialized Industry |Portending Future?; 32: What |Does It Matter Where Guidance Is| |Research System (FARS) Primer.] |Considerations |Makes One GAAP Preferable to |Located?]; [Case 12 Related: Are| | | |Another?; 30: When Can Analogies|Accounting Rules to Blame?] | | | |Be Used?; 31: What Are the 10 | | | ...
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...HBSP Product Number TCG129 THE CRIMSON PRESS CURRICULUM CENTER THE CRIMSON GROUP, INC. Converse Health System I don’t get it! We switched St. Luke’s from a profit center to a standard expense center, and yet they continue to encourage the PCPs to admit patients that we all know could be treated as outpatients. What’s going on? Maybe we should just switch back to profit centers and be done with it. The speaker was Gus Mahler, Chief Financial Officer of Converse Health System (CHS). He was speaking with Rob Shuman, M.D., CHS’s Senior Vice President for Medical Affairs, about his concern that, despite a change in the control structure and incentive system at one of the system’s hospitals, many primary care physicians (PCPs) were continuing to admit to the hospital patients who could be treated appropriately in a less expensive setting. He wanted to enlist Dr. Shuman’s help with the problem. BACKGROUND Converse Health System began through a merger of St. Luke’s Hospital and Medical Center with HealthGroup. St. Luke’s was a 283 bed tertiary care facility located in downtown Mansfield. HealthGroup consisted of two hospitals: Mansfield Memorial Hospital and Lakeview Medical Center. Mansfield Memorial was a 454 bed tertiary care facility located approximately 2 miles from St. Luke’s. Lakeview was a smaller hospital about 2 miles from Mansfield and St. Luke’s. The merger also involved a large visiting nurse association and several smaller providers, including an occupational...
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...Management 3131-Fall 2009 Management Control Systems Instructor: E-Mail: Office: Phone: Class Time: Office Hours: Jim Hayes, CMA, MBA, BComm jhayes@nait.ca T-400 NAIT Campus(Business Center) 471-7419 6:00-8:50 PM Thursday 4:00-6:00 Thursday-UOL Edmonton Campus By Appointment Course Texts Cost Accounting: A Managerial Emphasis, Charles T. Horngren, George Foster, Sirkant M. Datar & Howard D. Teall, Fourth Canadian Edition, Prentice Hall. OR Cost Accounting: A Managerial Emphasis, Charles T. Horngren, George Foster, Sirkant M. Datar & Howard D. Teall, Fifth Canadian Edition, Prentice Hall. AND Management Control Systems, Robert N. Anthony & Vijay Govindarajan, Twelfth Edition, McGraw-Hill Irwin. Course Description Management 3131 is the second half of a two-semester course in intermediate management accounting. Management accounting is generally divided into two major components-cost accounting and management accounting and control. Management 3130 deals with cost accounting and this course, Management 3131 deals with management accounting and control. Management control is the process by which managers influence other members of the organization to implement the organization’s strategies. As such, it deals with people and behaviour and is often referred to as behavioural accounting. The course shall consist of two types of learning situations. We will use cases from the Anthony and Govindarajan text to develop critical thinking skills, analytical skills, as well as oral and written...
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... | COST ACCOUNTING AREA: CONTROL IMBA NUMBER OF SESSIONS: 20 PROFESSOR: SALVADOR CARMONA □ Ph.D (Accounting). Universidad de Sevilla. □ Last version, November 2006 COURSE DESCRIPTION A cost accounting system collects and classifies costs and assigns them to cost objects. The goal of a cost accounting system is to measure the cost of designing, developing, producing (or purchasing), selling, distributing, and servicing particular products or services. Cost allocation is at the heart of most accounting systems. Cost behavior -how the activities of an organization affect its costs- is also fundamental to cost accounting systems. The data provided by a cost accounting system is used for various purposes, which include product costing, planning and control, and decision making. This course mainly focuses on the first of these objectives -products costing. COURSE GOALS Students, as future managers, will utilize, at a minimum, the output of cost systems, which are the primary internal information systems in a firm. Students taking this course will gain an understanding of cost accounting systems, which includes a familiarization with: The goals of cost accounting systems; the fundamental features and design of cost accounting systems; and the various uses of the data provided by cost accounting decisions. A sound understanding of these issues is necessary to interpret cost accounting system outputs; to transform them from data...
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...National Taiwan University College of Management Department of Accounting Accounting for Managerial Decisions Spring 2014 Instructor: Liao, Chih-Hsien Class Time: Wednesday 14:20－17:20 Office: Room 912, Building 2, College of Management Phone: (02) 3366-1121 Email: Office Hours: Monday 10:00－12:00, or by appointment Teaching Assistant (TA): COURSE DESCRIPTION This course is designed to provide an overview of basic cost accounting systems and how cost information is applied in an organization’s internal management. Cost accounting systems provide valuable information for managerial planning and control. The first part of this course focuses on how to determine the precise costs an enterprise incurs to make products or deliver services. The second part of this course introduces how managerial accounting helps organizations to evaluate product/customer profitability, improve cost management and create more value. Managers rely on accurate cost information to make a variety of decisions, including product pricing, budgeting, sales mix, inventory management, and employee performance evaluation. The class focuses primarily on lectures, supplemented by case discussions designed to stimulate students’ critical thinking and analytical skills. COURSE OBJECTIVES 1) Demonstrate an understanding of important characteristics and elements of various cost systems. 2) Develop the ability to use cost information to make business decisions and solve management...
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...MANAGEMENT PROFESSOR CHUCK MCPEAK MBAM-601.13 ACCOUNTING FOR DECISION MAKERS FALL 2006 WENESDAY 8-12 AM MALIBU SYLLABUS ACCOUNTING FOR DECISION MAKERS MBAM-601.13 FALL 2006 Wednesday 8-12 AM Malibu Chuck McPeak 217 23rd St. Manhattan Beach CA 90266 Office (310) 506-4879 Home (310) 545-6921 FAX (310) 546-7671 Email cmcpeak@pepperdine.edu Course Description The primary emphasis of this study is to place sophisticated tools and techniques in the hands of primary users in making business decisions. Specific topics include cost behavior analysis, cost management systems, relevant cost analysis, performance measurement, and value-based management control systems. The course also includes presentations in teams whereby the students apply the course material. Course objectives At the conclusion of this course the student should be able to communicate cost information orally and in writing and should demonstrate managerial level analysis and decision making in the following areas: 1.Cost-Profit-Volume Analysis 2.Master budgeting 3.Relevant revenues 4.Management control systems 5.Performance measurement 6.Activity based costing 7.Job order costing 8.Ethical issues and the impact of Sarbanes-Oxley 9.The use of production data and information technology to solve business problems Text and Course Materials 1.Horngren, Foster & Datar “Cost Accounting A Managerial Emphasis”, Twelfth Edition, Prentice Hall, 2006 2.Harvard Business School Case 9-198-117 Rev. September 17, 1998, “Classic...
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...Production and Operations Management: Forensic Accountants: Fraud Busters. By: For: Class: Bus 508: Contemporary Business Date: 13 November 2012 Abstract: A case study for the Strayer University, Woodbridge, VA, Business 508 class, this paper provides for a brief review of 1) The skills that a forensic accountant requires; 2) The role of the forensic accountant in the courtroom; 3) The legal responsibilities of the forensic accountant; and lastly, 4) The role of the forensic accountant in a couple of major accounting fraud scandals. The world of Accounting has seen several major scandals since the early 1990s. These include major accounting failures such as Enron, WorldCom, Adelphia, Tyco, Phar-Mor, Cendant, Computer Associates, AOL, Freddie Mac, ImClone, Qwest Communications, Royal Ahold, Health South Corporation, AIG, Lehman Brothers, and most recently the Olympus Corporation. Some of these have resulted in the collapse and dissolution of the company – Enron, Adelphia; others have resulted in a major restructuring of the company – AOL, AIG, Freddie Mac. Whatever the result, they have all been caused by accounting fraud – either “cooking the books” to hide major losses or to hide the theft of funds. It has also resulted in the failure and absorption of the one of the Big Five Accounting firms – Arthur Anderson. Besides the whistle blower who brought most of these to public view and the lawyers who have been involved their dismantling one of the other major...
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...TIME,DATES LOCATION MBA-642-A Financial Information Systems Fall 2014 Friday 10/17/2014 – 6:30pm-9:30pm Saturday 10/18/2014 – 8:00am-12:00pm Friday 10/31/2014 – 6:30pm-9:30pm Saturday 11/1/2014 – 8:00am-12:00pm COURSE PREREQUISITES MBA-601 INSTRUCTOR CONTACT INFORMATION Kevin Pugh, MBA, MSMOB Cell: 847-287-2230 Email: kwpugh@comcast.net MBA Office: 630-829-6205 Fax:829-6034 Course Learning Objectives: COURSE OBJECTIVES 1. 2. 3. 4. 5. 6. Describe the components of large-scale, multinational computer as well as other information and operational processes that are used to perform transactions, create services, move information and develop records in each of the key types of financial systems, and describe the role that each component plays. . Describe the overall structure and role of the enterprise-wide financial system Define the components of an enterprise information systems architecture. Characterize the connections between transaction cycles, internal controls, and computer security. Describe key segments or types of systems that provide the wide range of consumer and commercial financial products and services. Research current trends in the global evolution of these large-scale systems, and project how these systems may develop further in the future. CLASS OVERVIEW AND GRADING Class participation: 20% Case Analysis: 80% REQUIRED TEXT: Core Concepts of Accounting Information Systems, 12th Edition by Mark G. Simkin, Carolyn A. Strand Norman...
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...Swan’s Supplies is a wholesaler of sporting goods equipment for retailers in a local metropolitan area. The company buys sporting goods equipment direct from manufacturers and then resells them to individual retail stores in the regional area. The raw data in Figure illustrate some of the information required for the company’s purchase order system. As you can see, this information is characteristic of accounting purchase order systems but is not well organized. In fact, because of the repeating groups in the right-most columns, it cannot even be stored in a computer system. [pic] .:. Requirements Store this data in a spreadsheet to make it easy to manipulate. Then perform each of the following tasks in turn: 1. Reorganize the data in first normal form and print your spreadsheet. Why is your data in first normal form? 2. Reorganize the data from part 1 into second normal form and print your spreadsheet. Why is your data in second normal form? 3. Reorganize the data from part 2 into third normal form and print your spreadsheet. Why is your data in third normal form? SOLUTION: The raw data is as follows: | | | | |Purchase | | | | | | | |Customer | |Phone | |...
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...European Journal of Accounting, Auditing and Finance Research Vol.4, No.7, pp.23-42, July 2016 ___Published by European Centre for Research Training and Development UK (www.eajournals.org) EFFICIENCY AND ACCOUNTABILITY OF PUBLIC SECTOR REVENUE AND EXPENDITURE IN NIGERIA (1970-2014) Omodero Cordelia Onyinyechi and Prof. M.C. Okafor 1 Doctoral Student of Accounting, Micheal Okpara University of Agriculture, Umudike, Umuahia, Abia State, Nigeria. 2 Department of Accounting, Micheal Okpara University of Agriculture, Umudike, Umuahia, Abia State, Nigeria. ABSTRACT: Nigeria is the sixth largest producer of oil and gas in the world, but the average Nigerian on the street is poor and there is poor infrastructure like power supply, roads, hospitals etc. This study examines the efficiency and accountability of public sector revenue and expenditure in Nigeria (1970-2014). Data on total federal government revenue and expenditure, state governments’ revenue and expenditure were collected from Statistical bulletin from the Central Bank of Nigeria from 1970-2014. The results were analysed using relevant statistical tools. The findings reveals that the level of accountability is very poor in Nigeria because the attributes of accessibility, comprehensiveness, relevance, quality, reliability and timely disclosure of financial information, social and political information about government activities are completely non available or partially available for the citizens to assess the performance...
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...Overton spends $7 million on marketing expenses and has $2 million in other operating expenses. What is Overton Enterprises’s profit (before tax)? P= (12000000x0,125)x(40-25)-7000000-2000000=13500000 3-Overton Enterprises sells widgets into a marketplace where total demand is 12 million. Overton’s market share is 12 ½ percent; the selling price per widget is $40 and the variable costs per widget are $25. Overton spends $7 million on marketing expenses. If Overton lowered its price by 10%, causing a boost in market share to 15%, what would the net marketing contribution be? NMC1= (12000000x0,125)x(40-25)-7000000=15500000 NMC2=(12000000x0,15)x(36-25)-7000000=12800000 MINI-CASE Canastar Group sells three lines of prepared foods into a marketplace where total demand is 240 million cases. Canastar’s market share is 2 ½ percent; the average selling price per case is $30 and their variable costs per case are $23. Canastar spends $15 million on marketing and sales expenses. Other operational expenses add up to $6 million. The lemonade mix and the corndogs are both positive in terms of net profit before taxes, with lemonade contributing the greater share. Canastar’s cheese line produces a net negative profit. Last year, the Group’s internally-produced accounting information...
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...Table of Contents Introduction: 2 P1.1: Accounting in tourism or hospitality organization. 3 P1.2: Difference between financial and management accounting 3 P1.3: Difference between a sole trader, a partnership and a limited company 4 P1.5: Use of financial software in Tourism and Hospitality business 5 P1.6: Impact of changes in IT and internet on hotels and airlines 6 P2.1: Double-entry book-keeping 6 P2.2: Calculattion and account for VAT on purchases and Sales 7 P2.3: Cash receipts, cash payments and bank reconciliation 8 P3.1: How a trial balance is constructed 8 P3.2: Trial balance along with adjustments used to prepare fianl accounts 9 P4.1: Sources of finance available to a business 9 P4.2: Reasons and the process of budgetary control 10 P4.3: How to prepare a simple cash budget 11 Conclusion: 12 References…………………………………………………………………………………………………………………………………………….13 Introduction: Business organizations face intense competition in today’s global business world. Tourism and hospitality are very large industry. A lot business organization is competing for their success in tourism and hospitality industry. The success of business organizations depends mostly on managerial decision making. However managers cannot make proper decisions if there is no information available. Financial information is the most important information for all kinds of business organizations. Without proper...
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...Business Research (ISSN: 2315-5000) Vol. 2(3) pp. 076-088, June, 2013 Available online http://www.universalresearchjournals.org/ujmbr Copyright © 2013 Transnational Research Journals Full Length Research Paper Accounting and reporting practices of NGOs- A case study Sanjib Kumar Pakira 1 and Amalendu Bhunia 2 1 Assistant Professor, Department of Commerce , Maharaja Manindra Chandra College 2 Associate Professor, Department of Commerce , Kalyani University Accepted 26 June , 2013 The present study explores the accounting and reporting practices of NGOs in West Bengal, one of the important states of India in the eye of socio-economically deprived background for the period from 2000-01 and ending on 2009-10. NGOs in West Bengal played a major role in bringing a change in the lives of average poor rural society. Though, the vicinity wherever NGOs are not satisfactorily plasticized in terms of adoption of standard accounting practices, transparency and communication of their financial and social performance in the course of appropriate standardized reporting practices. Their failure on this front has bred a feeling of suspicion amongst the general public regarding utilization of funds and grants by NGOs. The results illustrate that meager number of the selected NGOs in West Bengal follow written in terms of automated, manual etc. accounting and reporting practices stringently. Keywords: NGOs, India, West Bengal, Accounting, Reporting, GAAP, Funds and Grants ...
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...Evidence Mon – 8/31 The accounting profession, its history & SOX 1933 & 1934 Acts Other Readings (These can be found on Compass2g) Case Assignments (D): Prepare for discussion; Read case and think (G): Graded; Be about questions prepared to turn in before class at start of class Ch. 1 p. 12-19 (LO 7) Ch. 4 p. 114-121 (LOs 4-5) Chow 1982 The Accounting Review p. 272-277 (Sections 1 & 2 only) AICPA Summary of SOX Oxley (2007): Restoring Investor Confidence (D) Enron Corporation and Andersen, LLP. (case 4.1 in Beasley, Buckless, Glower and Prawitt) Ciconte 2015 (Sections 1 & 2 only) Wed – 9/2 PAGE 1 OF 2 Ch. 2 p. 49-54 (LOs 7-8) The professional standards Mon – 9/7 Wed – 9/9 The accounting profession, its history & SOX (cont.) Ch. 2 p. 33-48 (LOs 1-6) Quality Control and Regulation of CPA Firms; Professional Ethics & Independence Ch. 3 p. 66-82 (LOs 1-5) Labor Day Holiday Ciconte, Knechel, and Mayberry 2015 CALENDAR PART ONE ACCY 415 – AUDITING FALL 2015 Mon – 9/14 Wed – 9/16 Mon – 9/21 Independence for Public Company Audits & Other AICPA Code of Professional Conduct Rules Management Assertions and Audit Evidence Ch. 3 p. 82-95 (LOs 6-7) Risk Assessment using Analytical Procedures Visitor Matthew Hisey, Manager at PwC, will discuss the accounting profession and assigned case with the class. Ch. 5 p. 155-158 (LO 5) Wed – 9/23 Final Questions for...
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...Computerized accounting Practice set (For Netsuite User) William T. Sucuahi INTRODUCTION Information is one of the vital resources of a company. The accounting department is the biggest contributor of this information in the entire enterprise. The information provider should provide timely and precise information to make good decisions. As computer applications became main stream, transforming data into information has gradually migrated into computerized spreadsheets. Gradually, accounting systems like Enterprise Resource Planning (ERP) integrates business process to provide user the best information they can use. The technological development today like the internet makes ERP became cloud-based and makes information available anytime and anywhere. Netsuite is one of leading cloud-based business management software provider in the world. Its mission is to provide companies around the globe, cloud-based, unified systems that deliver unprecedented capabilities to drive their business. It is a software as a service (SaaS) and it is available on demand. Below is general perspective of Netsuite business management system. The following are the key benefits of using Netsuite: • Comprehensive financials including accounting, budgeting, financial reporting and more • Get instant visibility into real-time financial and operational performance across your entire company • Streamline all back-office processes across financial management, revenue management...
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