Briefly describe an organization with which you are familiar. Describe a situation when a manager in that organization could use cost behavior information and how the manager could use the information. Compare discretionary fixed costs to committed fixed costs. Think of an organization with which you are familiar. Give two examples of discretionary fixed costs and two examples of committed fixed costs which that organization may have. Explain why the costs you have chosen as examples fit within the definitions of discretionary fixed costs and committed fixed costs.
I would like to search on non profit organization in canada, simple language, plirigisam free! Word or Excell file! I would like you to find a non-profit organization (governmental or private) and perform an assessment of the operations. This can be an organization that you currently work with, or you can just do online research. Beyond defining the organization, I would like you to dig deeper and develop a case analysis based on the following questions:What are the characteristics of this organization that you feel are important? How you would evaluate management performance given the priorities of the organization? I would like you to present your answer in the standard format for cases detailing the five different sections.The standard format for cases that we will be using for this course is as follows:Executive Summary: This is the report in short. Give the essential information in no more than one page. If you are delivering a report to a senior manager, this section will tell that manager the essence of your report.Introduction & Background: This is where you identify the key issues that are being addressed and some of the background information that will come from analyzing the situation internally and externally. This is where you can use tools such as SWOT and PESTE to give a really clear picture of what the problem is, why the problem exists and develop the foundations for your alternatives.Alternatives: This is where you will give options to the key issues. In this section you should develop the Key Decision Criteria (KDC) to determine how you will come to a single alternative that will become part of your recommendation. The KDC should be short, measureable and relate to your problem. By doing the KDC, you will find the further analysis becomes easier. Further analysis should have an in depth coverage of the pros and cons of each alternative that connect to the background information. This is where you can provide in depth qualitative and quantitative analysis using tables and appendices.Recommendations: This is the ultimate objective of the analysis, what you have determined the best course of action is going to be.Implementation: This will tell the senior manager how and when objectives will be implemented to achieve the recommendations.
Cost-volume-profit (CVP) can be used to calculate the break-even point. The break-even point is the sales level at which the company does not earn a profit or loss. CVP can also be used to add in an amount of profit (target profit) in the calculation. Costs can either be fixed, variable, or mixed.Include the following in your post:Explain variable costs, fixed costs, and mixed costs.What is meant by the term relevant range?What is contribution margin and how is it calculated?Explain the three methods: the equation approach, the contribution approach, and the contribution margin approach to calculate the break-even point.Present a chart that depicts the four steps that are necessary to develop the CVP chart.What is margin of safety and operating leverage?
Thank you for those insights on business forms. I would like to add that at times when a business is started the founders are not really sure how to structure it, so, they may just go with the default partnership or LLC, however our tax laws at the federal level do allow LLCs to make an election to be treated as a regular Corporation or an S-Corporation. Thanks for sharing.Class, Why would business owners/founders prefer to establish the S-Corporation instead of the C-Corporation form of business?
Forms of BusinessThere are many forms of businesses, such as a sole proprietorship, partnerships, corporations, and limited liability corporations. Partnerships are formed to pool together talent and individuals money. Partnerships have many tax benefits, including the partnership not being taxed; the net income flows directly to the partners individual tax return.What are the characteristics of a partnership?What types of partnerships are there?How are partnership profits allocated and taxed?Why are partnerships different than a limited liability company or an S corporation?
Discussion RequirementsReview the Statement of Cash Flows for your chosen company ( Johnson and Johnson) and provide a brief description of what you discover for each of the items listed below. ( 10-K form attached for information)Category: Operating Activities1. Net income versus total for operating activities: Report these values.2. What are the items of significance between net income and total for operating activities?3. Is the business providing cash flow from operations?Category: Investing and Financing Activities1. Describe significant long-term assets (type and amount) purchased, sold, or retired during the current period as well as last year.2. Describe significant financing activities used by the corporation to increase cash (or other assets): These would be related to long-term liabilities and stockholders equity.Category: Analysis1. Overall Cash Flow (total of three sections): Compare this year to last year.
FASB ASC 13-1 Initial Direct Cost Incurred by the LessorSearch the FASB ASC database to address the following questions. For each question, copy and paste your research findings and then write a short summary of your response to each question. Remember to cite your research findings.A. How does the FASB define initial direct cost associated with leasing?B. How do lessors account for initial direct costs incurred for a sales-type lease?C. How do lessors account for initial direct costs incurred for an operating lease?
Discuss consolidation concepts and procedures, including those used for wholly-owned subsidiaries and less-than-wholly-owned subsidiaries.Examine ownership and control from an accounting standpoint.Analyze consolidation procedures, including the cost and equity-method, direct and indirect control, combined financial statements, elimination of intercompany transactions,differentials, push-down accounting, other comprehensive income, and variable interest entities.Discuss the limitations of consolidated financial statements.
Prior to beginning work on this discussion, read the 2017 Sarbanes Oxley Compliance Survey (Links to an external site.) from Protiviti consulting firm, and the Section 302: Corporate Responsibility for Financial Reports (Links to an external site.) and Section 404: Management Assessment of Internal Controls (Links to an external site.) from the SOX website. Although it has been over a decade since the enactment of the Sarbanes-Oxley Act (SOX) of 2002, the majority of executives and other professionals agreed, in the above-mentioned survey by the Protiviti consulting firm, that internal control over reporting structure in their organizations has significantly or moderately improved since compliance with the legislation became a requirement.For your initial post of at least 200 words, visit the Journal of Accountancy (Links to an external site.), click the Financial Reporting tab, and select Internal Control. Select an article on Internal Control over Financial Reporting, and discuss why compliance with SOX Sections 302 and 404 is still a subject of ongoing interest.
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