Module outline Management Accounting & Applied Finance (MAAF) 12 September 2013 Chartered Accountants Program Overview Management accounting is about making better business decisions; the practical understanding of key drivers for adding value to a business; and how these are tied to the decision-making process. It’s about helping people run their businesses more efficiently and effectively in order to achieve the desired outcomes such as increasing returns or delivering improved services
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ACTBAS2 NetSuite Practice Set Session INSTRUCTIONS ON STUDENT ACCOUNT ACTIVATION 1. Make sure your mylasalle account is working/activated. Check if the list of your professor has your correct mylasalle address. 2. Go to www.netsuite.com. a. Click on customer log-in. This can be found at the upper right of the screen. b. You will then be asked for your email address and password. • For the email address: Type your mylasalle email address. • For the password:
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been made to explain the direct relationship that the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have and how crucial the unification of these two setting standards entities are in these current days, where financial transactions are expected to perform globally. In addition, it is important to have a Master of Science in accountancy in order to prepare professionals in accounting to provide reliable information for this new environment of economic
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STRATEGIC MANAGEMENT ACCOUNTING UNIT – I MANAGEMENT ACCOUNTING – SCOPE- STRATEGIC IMPORTANCE – NATURE AND CHARACTERISTICS OF MANAGEMENT CONTROL SYSTEM “The accounting people are expected to do things that are much more strategic and much more forward looking than they have been expected to do in the past”. INTRODUCTION1 Mission of Disney – “To offer quality entertainment that people seek out”. The Walt Disney Company has long been widely admired as visionary and well-managed
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An Amendment of the FASB Accounting Standards CodificationTM No. 2009-13 October 2009 Multiple-Deliverable Revenue Arrangements a consensus of the FASB Emerging Issues Task Force The FASB Accounting Standards CodificationTM is the single source of authoritative nongovernmental U.S. generally accepted accounting principles. An Accounting Standards Update is not authoritative; rather, it is a document that communicates the specific amendments that change the Accounting Standards Codification
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ACG 6805 Accounting Theory Fall 2015 Professor: Greg Trompeter Office: 323 BA I Phone: 407.823.2150 Office hours: Tuesday before class; as announced in class; and by appointment. Required texts: Readings available as noted below. • Trueblood cases from Deloitte. Available at: http://www.deloitte.com/view/en_US/us/About/university-relations/Deloitte-Foundation/0ac1264f0b0fb110VgnVCM100000ba42f00aRCRD.htm • FASB codification—password
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statement. Program revenues are reported in the charges for services, operating grants and contributions and capital grants and contributions. Extraordinary items, special items, and transfers are reported separately on the government-wide statement of activities. Extraordinary items are both unusual in nature and infrequent in occurrence which is usually beyond the control of management. Special items are either unusual or infrequent and must be within the control of management. Used to account for the
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Sherryl Burris Unit 2 DB Accounting data helps owners and managers make business decisions. Cash bonuses depend on accounting numbers. Nearly all businesses use the amounts reported in their financial statements as a basis for rewarding management. Because managers act to achieve these accounting measures, selecting measures that are not easily manipulated is important. Equally important is maintain a balance of measures that reflect the goals of profitability and liquidity. Profitability
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attention has been brought to several items that require closer examination. A common “red flag” to questionable accounting has been found within Wal-Mart’s statement of cash flows and income statement. There is an increasing gap between the company’s reported income and the cash flow from operating activities. In the year 2008 reported income and cash flow from operating activities differed by $484 million. However the difference increased a considerable $2,249 and $4,183 billion in the years 2009
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Answer the following questions based on the report of LTT Aquaculture SdnBhd.. 1. Describe the nature of the business of LTT Aquaculture SdnBhd.. Answer: The nature of business for LTT Aquaculture SdnBhd is rearing fresh water fish. 2. Identify 6 resources of the business considered as assets from an accounting point of view. Explain why these resources are considered as assets of the business. Answer: a) Empurau fish (1.5kg and above) - This is considered as current asset as they are selling
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