paired with the fact that there are high overhead costs related to the desktop delivery option, also tells the reader that an incorrect accounting system is currently being used. One needs only to look at the profitability difference between Customer A & B. Currently, there is no difference in the way that the size of orders are priced. In their current system, only the larger orders create a profit for the customer. ii. Develop an activity-based cost system for Dakota Office Products (DOP) based
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flows statement, a qualified opinion is issued. 3. Auditor has gathered sufficient appropriate evidence in accordance with GAAS 4. Statements in accordance with GAAP (including adequate disclosure) or other applicable accounting framework. 5. No other circumstances. B. There are seven parts to the report. It is important to understand the content of the three main paragraphs (in bold). Parts of Audit Report 1. Title 2. Report addressee
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name of your choice of research methodology MUST be specified in your project title. Cost Benefit/ Effectiveness General Research Focus: What are the costs and benefits or effects of the…? General Research Question: Will the benefits or effects of a specific program, strategy, or marketing plan exceed its costs? Specific Research Question: Do the total benefits or effects exceed the total costs of the program, plan, or strategy? Exec. Summary Title Page Dedication* Acknowledgement*
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Introduction Management control system (MCS), as a vital part of an organization, which purpose allows organizations to ensure that their activities achieve the objects they desire. The process of designing and improving MCSs requires addressing three basic questions. What is desired? What is likely to occur? And What is the effect of contextual factors ?Then managers must address each of these questions. What controls should be used? In recent years, contingency-based research has maintained
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to achieve more growth and profitability within his company. Ridderstrale wanted to leave the traditional financial accounting categories in the past, because he found that most of the organizational costs could be classified as either order-related or volume costs. He wanted to achieve this without adding sales and administrative resources. He also measured and evaluated the costs of individual customer orders on the production, sales, and administrative resources of the company. Ridderstrale felt
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taken from our text book, Management and Cost Accounting 8 edition, which is written by Drury Colin. The author is an emeritus professor at Huddersfield University and a leading textbook author for a generation of accounting students. His books have been widely recommended by the main professional accounting bodies. He is an active researcher and published in the main peer-reviewed journals including Management Accounting Research and European Accounting Review, with his research focusing on the
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Managerial & Cost Accounting ACCT610 Activity-Based Management Made Possible By Activity-Based Costing Supervised by Professor Majboor Alnamri Prepared by: EMBA Student 1 KAAU - EMBA Overview • • • • • • Over/Under Costing Methods of Allocating Indirect Cost Refining a cost system Costs/Benefits of ABC ABC in service & retail Example from an Organization 2 KAAU - EMBA Over Costing & Under Costing Over Costing—a product consumes a low level of resources
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Chapter 2 BASIC ACCOUNTING CONCEPTS: THE BALANCE SHEET Changes from Eleventh Edition The Chapter has been updated. Approach It is helpful if students understand from the outset that financial accounting is being discussed in two cycles. In the first cycle, Chapters 2 through 4, we go through the entire accounting process quickly, to establish an overview. We then go through the process a second time, in Chapters 5 through 14, and go into the same topics in much greater depth. Thus, students
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adverse opinion is very likely the most appropriate response. d. Because the client wouldn’t allow the confirmations to be sent, the appropriate response would generally be either a qualified opinion or a disclaimer of opinion for a scope limitation imposed by the client’s management, depending on the materiality of accounts receivable.
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TASK 1 1.1 SOURCES OF FUNDING AVAILABLE TO BUSINESS AND SERVICES INDUSTRIES There are many ways the Hong Kong government can fund the theme park. The Hong Kong SAR Government offers many different types of loans and funding schemes to support and promote the development of businesses (SMEs) in Hong Kong. The government makes investment through tax proceeds by applying economic systems. Another way of funding is to investment from general public borrowing. Advantage from the general public borrowing
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