management accounting beyond the numbers

... activities 16 The purpose of the income statement is to show the: A change in the fair value of the assets from the prior income statement B market value per share of stock at the date of the statement ... retained for use in the business B the amount invested in the entity by the stockholders C fair value of the entity's common stock D net assets of the entity at the date of the statement 19 Retained ... explain the broad; generally accepted concepts and principles that apply to the accounting process 37 The balance sheet of an entity: A shows the fair value of the assets at the date of the balance

Ngày tải lên: 08/09/2017, 09:05

... retained for use in the business B the amount invested in the entity by the stockholders C fair value of the entity's common stock D net assets of the entity at the date of the statement 19 Retained ... C the effect of any change in an accounting method will be disclosed in the financial statements or notes thereto D there are no alternative methods of accounting for the same transaction 36 The ... distribution without the prior written consent of McGraw-Hill Education 16 The purpose of the income statement is to show the: A change in the fair value of the assets from the prior income statement

Ngày tải lên: 08/09/2017, 09:05

... of the above require accounting information None of the above requires accounting information The authoritative financial accounting standards-setting body in the United States is presently the: ... public accounting internal auditing, governmental accounting, managerial accounting financial accounting, national accounting, cost accounting auditing, income tax accounting, governmental accounting ... statements about the Financial Accounting Standards Board is correct? A B C D E The FASB is an agency of the Federal government The FASB has the authority to fine a noncompliant firm The FASB follows

Ngày tải lên: 11/05/2019, 10:51

... part 16 The purpose of the income statement is to show the: A B C D change in the fair value of the assets from the prior income statement market value per share of stock at the date of the statement ... business the amount invested in the entity by the stockholders fair value of the entity's common stock net assets of the entity at the date of the statement 19 Retained Earnings represents: A B C D the ... financia 37 The balance sheet of an entity: A B C D shows the fair value of the assets at the date of the balance sheet reflects the impact of inflation on the replacement cost of the assets reports

Ngày tải lên: 02/10/2019, 11:25

... retained for use in the business B the amount invested in the entity by the stockholders C fair value of the entity's common stock D net assets of the entity at the date of the statement 19 Retained ... C the effect of any change in an accounting method will be disclosed in the financial statements or notes thereto D there are no alternative methods of accounting for the same transaction 36 The ... distribution without the prior written consent of McGraw-Hill Education 16 The purpose of the income statement is to show the: A change in the fair value of the assets from the prior income statement

Ngày tải lên: 02/10/2019, 11:25

... cost management and management accounting? ??, Journal of Management Accounting Research, Vol 6, pp 43-77 Fry, T.D., Steele, D.C and Saladin, B.A (1995), ? ?The role of management accounting in the ... companies with the presence of the marketing and accounting departments Second, they should be responsible for the accounting issues and/or have strong work interactions with the accounting department ... the MO trend in the 1990s, management accounting research has experienced a boom in an interest in market-oriented management accounting (Helgesen, 2007) This signifies the potential use of management

Ngày tải lên: 05/06/2020, 04:05

... ? ?The? ?McGraw­Hill Companies, Inc., 2002 Accounting Profession in the United States • The Securities Act of 1933 and the Securities Exchange Act of 1934 gave the SEC the authority to establish accounting ... Financial Accounting Managerial/Cost Accounting Auditing - Public Accounting Internal Auditing Governmental and Not-for-Profit Accounting ã Income Tax Accounting McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 ... McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 Learning Objective ã Where did accounting standards come from? McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 Other Accounting Standards ã Cost Accounting

Ngày tải lên: 21/09/2020, 14:21

... statement and how are the financial statements related? What are transactions? What is the meaning and usefulness of the accounting equation? What are meanings of the captions in the financial statements? ... presumption that the entity will continue to operate in the future • Unit of Measurement – in the United States, the dollar is the measurement unit for all transactions McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 ... Sheet • The Income Statement and the Balance Sheet affect the Statement of Cash Flows McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 Learning Objective ã What are generally accepted accounting

Ngày tải lên: 21/09/2020, 14:22

... How does the expanded accounting equation stay in balance after every transaction? How is the income statement linked to the balance sheet through owners’ equity? What are the meanings of the terms ... • The transactions are reflected in the financial statements • One must know the mechanical process to understand the effects of transactions on the financial statements McGraw­Hill/Irwin ? ?The? ?McGraw­Hill Companies, Inc., 2002 ... Objective ã How can the basic accounting equation be expanded to include revenues and expenses? McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 Bookkeeping /Accounting Process ã The process begins

Ngày tải lên: 21/09/2020, 14:22

... periodically • The cost of the inventory on hand, based on the cost-flow assumption being used, is reported on the balance sheet • The remainder of the beginning inventory and the purchases are ... requires the use of a single cost-flow assumption • If a change in methods is made, the effect of the change on both the balance sheet and the income statement must be disclosed McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 ... McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 Weighted-Average ã Applied to individual items of inventory • Is not a simple average of the costs of the inventory items; the average is weighted by the

Ngày tải lên: 21/09/2020, 14:23

... any of the following apply: – The lease transfers ownership of the asset to the lessee – The lease permits the lessee to purchase the asset at a nominal price at the end of the lease – The lease ... on the sale of land are recognized as the difference between the cost of the land and the amount received McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 Learning Objective ã How are the ... financial accounting depreciation? What is the accounting treatment of maintenance and repair expenditures? What is the effect on the financial statements of the disposition of noncurrent assets either

Ngày tải lên: 21/09/2020, 14:23

... subtracted from the loan principal and the borrower receives the difference • The difference received by the borrower is called the proceeds • The discounted amount is shown in the balance sheet ... XX XX âTheMcGrawưHillCompanies,Inc.,2002 Types of Bonds ã Callable bonds the issuer may payoff the bonds before the scheduled maturity date • Registered bonds – the name and address of the bond ... bond owner is known to the issuer • Coupon bonds – the owner is not known to the issuer • Debenture bonds – secured only by the general credit of the issuer McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002

Ngày tải lên: 21/09/2020, 14:23

... common stock presented in the balance sheet? McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 Owners Equity ã The claim of the entitys owners to the assets shown in the balance sheet • Also ... Date of record is the date used to determine who receives the dividend – the stockholders of record as of that date • Date of payment is the date the dividend checks are mailed to the shareholders ... represents the difference between issued and outstanding shares McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 Dividend Dates ã Date of declaration is the date the board of directors declares the

Ngày tải lên: 21/09/2020, 14:23

... financial analysts? What are the components of the earnings per share calculation, and what are the reasons for some of the refinements made in that calculation? What are the alternative income statement ... McGraw­Hill/Irwin ? ?The? ?McGraw­Hill Companies, Inc., 2002 Learning Objectives What are the unusual items that may appear on the income statement? What are the purpose and general format of the statement ... allowances • Other terms for revenues include Rental Revenue, Fees, and Other Revenues McGrawưHill/Irwin âTheMcGrawưHillCompanies,Inc.,2002 Shipping Terms ã FOB destination – the seller owns the product

Ngày tải lên: 21/09/2020, 14:24

... periodically management accounting reports, or upon request of the internal governance Management accounting reports are made at the end of accounting period supporting to the management need The accounting ... previous content, the nature of cost management accounting model on cost management perspective is the form of management accounting organization which is made up of the cost management accounting apparatus ... choose the model with the appropriate content to meet the multiple needs of their internal information These are the factors that directly influence the process of building the cost management accounting...

Ngày tải lên: 11/10/2014, 05:09

... accounting According to the authors, cost management accounting could be defined as the cost accounting department in the accounting management system to provide information on the cost for the ... 2.1.2 The role of management accounting in business costs The purpose of accounting is to serve the managers, therefore, the role of cost management accounting is always associated with the role ... COST MANAGEMENT ACCOUNTING IN CORPORATION 2.1 The nature and role of cost management accounting in corporation 2.1.1 The nature of cost management accounting 2.1.1.1 The concept of cost management...

Ngày tải lên: 30/12/2014, 22:01

... journals including The Accounting Review, Accounting, Organizations and Society, Contemporary Accounting Research, Critical Perspectives on Accounting, and the Journal of Management Accounting Research ... drop, so the linkage between the managerial task and the know-how of internal accountants will be shaped by the credibility which management accounting can engender within enterprises The management ... economy issues for the future of management accounting and warn that for management accounting to survive in the twenty-first century, the field will have to stake its claim in the present information-wired...

Ngày tải lên: 07/03/2017, 15:55

... journals including The Accounting Review, Accounting, Organizations and Society, Contemporary Accounting Research, Critical Perspectives on Accounting, and the Journal of Management Accounting Research ... drop, so the linkage between the managerial task and the know-how of internal accountants will be shaped by the credibility which management accounting can engender within enterprises The management ... economy issues for the future of management accounting and warn that for management accounting to survive in the twenty-first century, the field will have to stake its claim in the present information-wired...

Ngày tải lên: 01/04/2017, 08:05

... example, whether the size of the savings bank influences the costs system that is used or whether there is any relation between the size of the institution and the funds transfer system it uses The data ... that the characteristic features of the products and the production process of banks hinder the application of management accounting techniques: the intermediation function they carry out, the ... focus either on the assets and investment decisions (loans versus the treasury) or on the composition of the liability structure (capital versus deposits), considering the other part of the balance...

Ngày tải lên: 06/03/2014, 10:20