http://hwcampus.com/shop/acc-400-final-exam/ 1. Which of the following is not a characteristic of managerial accounting? A. Reports are used primarily by insiders rather than by persons outside of the business entity. B. Its purpose is to assist managers in planning and controlling business operations. C. Information must be developed in conformity with generally accepted accounting principles or with income tax regulations. D. Information may be tailored to assist in specific managerial
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creating plan to spend money. It is simply balancing expenses with income. 3. Zero Budget: A method of budgeting in which all expenses must be justified for each new period. It requires managers to justify all budgeted expenditures, not just changes in the budget from the prior year. 4. Muster Budget: A set of interconnected budgets of sales, production costs, purchases, incomes etc. is called Master Budget. It also includes pro-forma financial statements. It serves as a planning and control
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Statement No. 60, Accounting and Reporting by Insurance Enterprises ISSUE FASB Statement No. 97, Accounting and Reporting by Insurance Enterprises for Certain Long-Duration Contracts and for Realized Gains and Losses from the Sale of Investments FASB Statement No. 113, Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts FASB Statement No. 115, Accounting for Certain Investments in Debt and Equity Securities FASB Statement No. 125, Accounting for Transfers and
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………………………………………………………..……………25 First Mover Advantage ………………………………………………………………..26 Distribution Access and Relationships …………………………………………..26 Legal Barriers …………………………………………………………………………….27 Threat of Substitute Products ……………………………………………….28 Relative Price and Performance ……………………………………………………28 Customers Willingness to Switch ………………………………………………….29 Bargaining Power of Customers …………………………………………….30 2 Switching Costs ……………………………………………………………………….…30 Differentiation ……………………………………………………………………………31
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In accounting approach, this repost will choose quick ratio, asset turnover ratio, D/E ratio, D/A ratio, ROA and ROE. In stock market approach, abnormal return and cumulative abnormal return are used to the bank performance in pre-merger and post-merger. Firstly, Quick ratio is used by this report, because the quick ratio is used to measure the ability of the firm to pay back its short-term liability with its liquid assets (Linda, 2008). If quick ratio is higher, the better condition of the company
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INTERVAL CONCEPT, in accounting, requires that financial statements be prepared at regular intervals, e.g. monthly, quarterly, annually. Final accounts are prepared at the end of the accounting period ie one year. Internal accounts can be prepared monthly, quarterly or half yearly. DUAL ASPECT CONCEPT Dual aspect concept states that every transaction has two effects if there is any debit entry then there must be credit entry. This state that there are two aspects of accounting, one represented by
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University of Phoenix Course: Acc/543 Managerial Accounting and Legal Aspects of Business Course Instructor: Professor Squirrel Flexible Budgets Introduction The flexible budget is useful for cash forecasting because it is based upon the estimation of a variety of activity volumes. The usefulness of a flexible budget is founded in the ability to compare potential level of performance to the expected level. It is also a better representation of the actual fluctuations that occur in
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How to use various accounting methods by Maxine Barclay Managerial Accounting Kristina Unutoa, Professor Abstract Accounting is a critical part of running a business. Since there are various forms of accounting that can be used, it is important to know which technique is best to use for what companies since they are unique. Once a particular technique is established, it is also important to keep an open mind if there are changes that need to take place in the organization. Keeping
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Relevant Key Points & Issues The fist half of the presentation briefly introduced the FAO’s role as UN’s agency, its structure, business environment and management. FAO’s mandate is contribute to the growth of world economy and to increase the level of nutrition, with the mission of helping build a food secure world. In order to achieve such mandates, they involves 4 activities which are putting information within reach, sharing policy expertise, providing a meeting place for nations and bringing
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current government bureaucrats. Firms with politically connected CEOs underperform those without politically connected CEOs by almost 18% based on three-year post-IPO stock returns and have poorer three-year post-IPO earnings growth, sales growth, and change in returns on sales. The negative effect of the CEO’s political ties also show up in the first-day stock return. Finally, firms led by politically connected CEOs are more likely to appoint other bureaucrats to the board of directors rather than directors
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