Financial Reporting and Disclosure Corporate governance framework should ensure that timely and accurate disclosure is made on all material matters regarding the corporation, including the financial situation, performance, ownership, and governance of the company Importance of Corporate Governance Disclosures * Stakeholders are paying more attention to what is reported * The global financial crisis has sharpened the lens through which corporate governance structures are held to account
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| Wooden Pallet | Cutting/Chopping | Wooden Box | Lamination Board | Selling Price | 840 | 890 | 520 | 680 | Product per unit | 575.58 | 654.96 | 342.24 | 308.6 | Profit/(Loss) per unit | 264.15 | 235.04 | 177.76 | 321.4 | Unit Produced | 940 | 3230 | 6400 | 4200 | Total Profit/Loss | 248301 | 759179.2 | 1137664 | 1349880 | Profit/Loss % | 7.1 | 21.7 | 32.6 | 38.6 | Traditional Cost Method Working Note 1: Product | Unit of output | Machine unit/hour | Total Machine Hour | Wooden
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EIP Project S2-1: Multiple Allocation Bases and Ethical Dilemmas The profitability of the two types of products can be impacted by changing the allocation base in the way that the text implies. As stated in the case study, the controller’s reasoning is he wants the highest percentage of overhead cost assigned to the military contracts (Whitecotton, 2011). This impacts the profitibility of both product lines by (a.) increasing the apparent “cost” of each unit so as to increase the sale price
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different proportions of overhead rates. A more careful allocation should then lead to better business decisions. However, it is possible that some activity-based costs are irrelevant for decision-making scenarios, since this system does not conform to accounting standards and may therefore not be used for decisions regarding this area. This means that interpreting ABC information along with account data will require some expertise or else it
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Organisational Behaviour U58029 Individual assignment Name: Miguel Zhou Yang Student number: 13083861 Word count: Part 1: Organisational Misbehaviour Organisational behaviour can be defined as the study of what people think, feel and do in and around organisations (Mcshane & Glinow, 2008). Thus, the antonym for Organisational behaviour would obviously be Organisational Misbehaviour which its easiest and simplest definition according to Ackroyd & Thompson (1999) is “Organisational
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Chapter Three 3 Fundamentals of Cost-Volume-Profit Analysis Orientation P A R T 1 LEARNING OBJECTIVES Preparing and Organizing Yourself After reading this chapter, you should be able to: for Success in College L.O.1 Use cost-volume-profit (CVP) analysis to analyze decisions. L.O.2 Understand the effect of cost structure on decisions. L.O.3 Use Microsoft Excel to perform CVP analysis. L.O.4 Incorporate taxes, multiple products, and alternative cost structures into the CVP analysis. L.O.5 Understand
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lucrative. In the early 1990's, Waste Management, instead of just picking up the garbage, provided garbage to their investors in the form of an accounting scandal which cost investors approximately $6 billion (Bloomberg News) and was described by Thomas C. Newkirk, associate director of the SEC's Division of Enforcement as "one of the most egregious accounting frauds we have seen" (SEC). What Mr. Newkirk is describing is a long-standing policy by those at the top of the executive rung at Waste Management
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to the upward of overcapacity, competition, and reduced demand for telecommunication services at the start of the economic recession and the result of the dot-com bubble downfall. All these burdens triggered WorldCom to become involved in accounting fraud and cook the books. WorldCom’s CFO Scoot Sullivan began the process of mismanaging as capital expenditure with what should have been normal expenses, therefore turning losses in profit, creating a camouflage that the company is carrying out
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Salem Telephone Company | Accounting 5302 | | Summary: Salem Data Services is a subsidiary of Salem Telephone Company. In this report we analyze and discuss the impact of Salem Data Services on its parent company and determine the best course of action for Salem’s Management to undergo. Expenses: We analyzed the expenses of Salem Data Services to better understand their cost structure and determined their variable and fixed expenses. We used the fact that revenue hours are the cost
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SELECTION CRITERIA: In selecting what option to select the team came up with the following criteria: 1.) Selected option should lead to a reduction in working capital requirement and reduce short term debt in the process. 2.) Selected option should reduce the Cash Conversion Cycle. 3.) Selected option should free up locked capital in receivables and inventories. 4.) Selected option should lead to a zero working capital policy in the long run. SELECTED OPTIONS: We decided to tighten accounts receivable
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