Activity Base Costing

You have just taken a job at a manufacturing company and have discovered that they use one predetermined overhead rate to apply manufacturing overhead costs. You would like to introduce them to activity based costing and explain to them why this costing method can be used and why it is helpful.  Compose a short email –  2 to 3 short paragraphs because the president it too busy to read anything longer than that – proposing an activity based costing system and what that might mean for product costs and management decisions. You could give a brief example if you feel that is necessary for your explanation to the president.

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Total Cost Management

Research 4: Total cost management Topics need to be covered in your research Total cost management framework What is the company looks like without total cost management? What are the advantages of total cost management? Process Value Analysis System Activity-Based Costing System and Total Cost Management Target Costing and its Correlation to Total Cost Management Performance Measurement System Responsibility Accounting System Continuous Improvement Key Performance Indicators     Suggested References: American Association of Cost Engineering (Ed.). (n.d.). Total Cost Management Framework: An Integrated Approach to … Retrieved October 25, 2016, from http://www.aacei.org/tcmfree/TCMFramework_WebEdition.pdf Balfaqih, H., Nopiah, Z., Saibani, N., & Al-Nory, M. (2016). Review of supply chain performance measurement systems: 1998–2015. Retrieved from http://www.sciencedirect.com/science/article/pii/S0166361516301166 Bannister, S. (2006, April 01). Management of Continual Improvement for Facilities and Activities: A structured Approach. Bayou, M. E., & Reinstein, A. (1998). Three routes for target costing. Managerial Finance, 24(1), 28-45. Retrieved from http://ezpxy.fanshawec.ca:80/login?url=http://search.proquest.com/docview/212662811?accountid=39340 Drury, C. (2005). Management accounting for business decision (3rd Ed.). New Hampshire: Thomson Learning. Ellram, L. M. (2006). The implementation of target costing in the United States: Theory versus practice. Journal of Supply Chain Management, 42(1), 13-26. Retrieved from http://ezpxy.fanshawec.ca:80/login?url=http://search.proquest.com/docview/235220506?accountid=39340 Estampe, D., Lamouri, S., Paris, J., & Brahim-Djelloul, S. (2010). A framework for analyzing supply chain performance evaluation models. Retrieved from http://www.sciencedirect.com/science/article/pii/S0925527310004536 Fahmy, A. (2016). Proposed Total Cost Management Framework [Diagram]. Hilton, R. W. (2004). Managerial Accounting, (2nd ed.). New York, NY: McGraw-Hill. Hollmann, J. K. (2006). Total cost management framework: An integrated approach to portfolio, program, and project management. Morgantown, W. Va.: AACE International Jagannathan, D. (2016). Total Cost Management. Presentation, http://icmai.in/upload/Institute/CPD/2.pdf. Juran, Joseph M. and A. Blanton Godfrey. Juran’s Quality Handbook, 5th ed. New York: McGraw-Hill, 1999. Laihonen, H. & Pekkola, S. (2016) Impacts of using a performance measurement system in supply chain management: a case study, International Journal of Production Research, 54:18, 5607 – 5617, DOI: 10.1080/00207543.2016.1181810 Portz, K., & Lere, J. C. (2010). Cost center practices in Germany and the United States: Impact of country differences on managerial accounting practices. American Journal of Business, 25(1), 45-51. Retrieved from http://ezpxy.fanshawec.ca:80/login?url=http://search.proquest.com/docview/214179466?accountid=39340 Process Value Analysis – PVA. (2011). Retrieved from http://www.investopedia.com/terms/p/process value-analysis-pva.asp PWC. (2007). Guide to Key Performance Indicators Communicating the Measures That Matter. Retrieved 2016, from https://www.pwc.com/gx/en/audit-services/corporate-reporting/assets/pdfs/uk_kpi_guide.pdf. Reyhanoglu, M. (2004, July 01). Activity-Based Costing System Advantages and Disadvantages. SSRN Electronic Journal. doi:10.2139/ssrn.644561 Rich, N., Holweg, M., & Dipl. – Wirtschaftsing. (2016). Value Analysis, Value Engineering. Lean Enterprise Research Centre. Skoda, M., Slavikova, G., & Lajcin, D. (2014, August 18). The only Correct Calculation Method in Cost Management: From Activity Based Costing Perspective. Journal of Business & Management, 3(3). doi:10.12735/jbm.v3i3p08

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Internet Research on Long Term Assets

Select a publicly traded company and to its website. Under investor relations, find their annual report (also known as their 10-K). Answer the following questions based on the company’s most recent annual report: What is the official name of the company? What is its fiscal year end? At the end of the year, what is the net balance in property, plant, and equipment? It may also be called fixed assets. (See the balance sheet) Does the company have any intangible assets? If so, how much is reported for intangible assets? What is the balance in accumulated depreciation? (either below property, plant, and equipment on the balance sheet or in a note about property, plant, and equipment i.e. fixed assets). Which method of depreciation is used? (It’s usually disclosed in the notes under summary of accounting policies).

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Number Cruncher Versus Strategic Thinker

Number Cruncher Versus Strategic Thinker It is one thing to be able to look at a financial report and analyze it using ratios and comparisons. However, keep in mind that, when you do that, you are studying historical information. Your true value as an accountant will come if you can use that historical information to make future projections and decisions involving change. For this assignment, you will take a set of financial reports from a company and try to determine what would happen if something changed within the company. You will identify something you want to change and then try to determine the impact of that change. This link will take you directly to the Nexis Uni database. This database will enable you to search for a company and review its financial information. For example, suppose you want to grow the company’s sales by extending credit to more customers. How will this impact sales, accounts receivable, cash flow, expenses (especially bad debt), and so on? Once you determine that, how will it ultimately impact the balance sheet, income statement, and statement of cash flows? How will it impact your key ratios? What non-accounting information (such as training staff in new processes) might be impacted? Some other examples could be: what happens if you reduce payroll (a very common thing these days) or reduce inventory (to move to more of a real-time inventory system), or make a significant capital purchase? What would be impacted? For this assignment, write a 2–3 page paper in which you: Identify something you want to change in the company and identify and explain the impact of the change. Identify a financial report related to your proposed change and explain how your use of this report will influence your decision-making. Identify how information or processes not directly related to accounting will be impacted by the proposed change. Cite at least one reference other than your textbook that supports your rationale. Note: Wikipedia and other similar websites do not qualify as academic resources. Your assignment must follow these formatting requirements: This course requires the use of Strayer Writing Standards (SWS). For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcome associated with this assignment is: Analyze the influence of a financial report on decision making related to an organizational change.

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Value Added Tax 

these are the assignment requirements but I only want the first two but please take in consideration that you mention the other requirements in the introduction and literature review, objectives and importance of the study. 1. Introduction 2. Review of literature, Objectives and Importance of the study 3. Research methodology 4. Research population, sampling methods, sample size 5. Research data analysis tools and techniques 6. Research main findings 7. Research conclusion 8. Research recommendations and future directions

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Accounting Discussion

There are some inherent problems and limitations to ratio analysis that necessitate care and judgment.   Ratios are often not useful for analyzing the operations of large firms that operate in many different industries because comparative ratios are not meaningful. The use of industry averages may not provide a very challenging target for high-level performance. Inflation affects depreciation charges, inventory costs, and therefore the value of both balance sheet items and net income.  For this reason, the analysis of a firm over time, or a comparative analysis of firms of different ages, can be misleading. Ratios may be distorted by seasonal factors, or manipulated by management to give the impression of a sound financial condition (window dressing techniques). Different operating policies and accounting practices, such as the decision to lease rather than to buy equipment, can distort comparisons. Many ratios can be interpreted in different ways, and whether a particular ratio is good or bad should be based upon a complete financial analysis rather than the level of a single ratio at a single point in time. Discuss on the above topics and have your input. Discussion prompt, resource or idea/example

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Financial Accounting

For this assignment (see Chapter 8, page, 439: TIF 8-3 Real-world annual report), you should select a public company that interests you and is a business that has accounts receivable. Obtain the company’s most recent annual report on Form 10-K. The Form 10-K is a company’s annually required filing with the Securities and Exchange Commission (SEC). It includes the company’s financial statements and accompanying notes. The Form 10-K can be obtained either (a) from the investor relations section of the company’s website or (b) by using the company search feature of the SEC’s website at www.sec.gov 1. Based on the information in the company’s most recent annual report, determine each of the following: a. What amount of accounts receivable did the company report at the end of the most recent year? b. What is the balance in the company’s Allowance for Uncollectible Accounts at the end of the most recent year? c. What percentage of total current assets is accounts receivable at the end of each of the two years presented? Has this percentage increased, decreased, or remained the same during this period? d. How much dab debt expense did the company report for the most recent year? 2. Using the information presented in the company’s annual report, compute the company’s accounts receivable turnover for the current and previous years. Based on this information, has the company’s management of accounts receivable improved? Briefly explain your answer. All of your answers should be presented in a Word document (can include tables or graphs) and submitted in the submit box for this assignment. Please remember to check your spelling and grammar.

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Advanced Financial Reporting

First, search the internet for the official website of your local city government or a city that interests you. After reviewing the website, locate the latest comprehensive annual financial report (CAFR) available on the website. For example, both the City of Sacramento and the City of Phoenix have their most recent CAFRs online within an accounting/financial section. Use the financial statements you locate to address the following questions: How does the audit opinion given to this city by its independent auditors differ from the audit opinion rendered on the financial statements of a for-profit business? A reconciliation should be presented to explain the difference between the net changes in fund balances for the governmental funds (fund financial statements) and the change in net position for the governmental activities (government-wide financial statements). What were several of the largest reasons for the difference? Did the CAFR contain all required components, and what was your impression of how the information was reported? What are some significant differences you see between the report you just reviewed and a for-profit statement?

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Financial Family Planning

If you plan to have children in the future, I want you to create a family budget. If you do not plan to have children in the future, you can act as a financial family planner and create a family profile. First, describe your future family (partner, # of children, etc.). Consider average cost of children each year (food, clothing, and other expenses). You can use the figures from the textbook or the internet.  If you plan on adopting, do some research for cost of adoption.   Consider various monthly family expenses: rent/mortgage, car payments, food, clothing, phone payments, life insurance policy, activities/experiences, retirement, taxes, Netflix (and other monthly subscriptions), healthcare, student loan debt, etc. My expectation is that you itemize all major future monthly expenses.  Ask yourself if you will be doing the house work, lawn care, etc. or hiring someone to help with those responsibilities.  Think about a neighborhood you may want to live in and do some research on the cost of rent/mortgages (You can search for homes on Zillow and they typically provide monthly mortgage rates).  Will you start a college savings account for your children? If so, how much do you plan to contribute each month? Factor in the costs of preschool, private school or whatever option you think you will pursue.  Consider your future career and do some research on the hours you would be working. If you plan to work part-time, what is the salary range? What is the full time salary range? If you plan to be a stay-at-home parent, how much would your spouse/partner need to make to support the family?

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Cost Accounting

1.     1.   Define: 2.      CVP analysis 3.      Contribution Margin 4.      Variable Cost 2.  Inquire about the usefulness of CVP analysis in calculating fixed and variable costs.

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