This document discusses the differences between financial accounting and managerial accounting. Financial accounting focuses on maintaining an organization's financial transactions and records for external reporting purposes. It provides financial statements to outsiders. Managerial accounting focuses on identifying, evaluating, interpreting, and communicating internal information to managers within an organization to help them make decisions and ensure goals are achieved. While financial accounting requires adherence to accounting principles and standards, managerial accounting is more flexible as the information is for internal use.
Running head MANAGERIAL ACCOUNTING 1MANAGERIAL ACCOUNTING.docxwlynn1
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Running head: MANAGERIAL ACCOUNTING
1
MANAGERIAL ACCOUNTING
2
Managerial Accounting
Accounting can be defined as the procedure of keeping monetary financial records. Accounting can be group as financial and managerial accounting. For businesses to be successful, they need to be having both managerial and financial accounting experts. Impeccable managerial and financial bookkeeping are important to the progress and constant survival of any corporate. Structurally, economically, and lawfully, bookkeeping is an essential section in any institute, and the necessity for an extremely skilled accounting squad is unconditionally crucial. Despite the similarities between financial and managerial accounting, there are also differences between them.
The managerial accounting works through measuring, analyzing and reporting monetary and non-monetary information that aids directors to make judgements to accomplish the objectives of an organization. Managerial accounting emphasizes on the internal broadcasting and is not regulated by generally accepted accounting principles (GAAP). Management accounting is known for its much efforts to focus on the future rather than paying much attention to what happened in the past (Kinicki & Fugate, 2016). This type of accounting is so influential to the performance of directors and other workers as opposed to principally reporting financial events. There are no principles which guide the operations of management accounting.
Management accounting permits executives to charge attention on ownersâ principal to aid judge a divisionâs presentation, although this may not be allowed by generally accepted accounting principles. Managerial accounting comprises assets or liabilities which may not be recognized by generally accepted accounting principles and it makes use of asset or liability quantifying rules like present values or resale prices which is not acceptable under GAAP.
Financial accounting on the other hand emphasizes on commentary to exterior events like shareholders, government interventions, and banks. It evaluates and registers business dealings and provides fiscal reports that are grounded on generally accepted accounting principles (GAAP). Financial bookkeeping is controlled by commonly accepted accounting principles (Weygandt, Kimmel & Kieso, 2015). Financial accounting comprises of sending monetary reports like income reports or balance sheets, to outside bodies like creditors, tax specialists, shareholders, and the Interior Revenue Service.
The managerial accounting positions out profit and loss accounts, job costing accounts, and operating resources, financial accounting conveys facts only for those on the external who want to decide the company's marketplace assessment. Managerial accounting emphases on issues and answers within an institute while financial accounting is worried with productivity from without. Managerial accountants make internal working reports, while financial accountants generat.
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Running head: MANAGERIAL ACCOUNTING
1
MANAGERIAL ACCOUNTING
2
Financial account and managerial accounts involves career paths that are different. Financial accounting can be described as a combination of all accounting information into the financial statements which includes the statement of financial position, the income statement among other while managerial accounting is described as the processes which are internal which are useful in accounting for the business transactions. Financial accounts provide its report based on the result of the whole business while the managerial account is more detailed and could base its report on the product, profit, geographical region, or a customer. In relation the information used to develop a report, financial accounting uses proven information that can be produced as evidence while needed while managerial accounts mostly deals uses estimates which can neither be proven or verified (Weygandt, Kimmel, & Kieso, 2015,).
The other notable difference is about the users of the two information where the financial is used both internally and externally by stakeholders such as managers and investors while reports in managerial accounting are used within the company for management purposes.it is a requirement that financial accounting reports to act in accordance with the accounting standard such as the generally accepted accounting principle ( GAAP) while in the case of managerial accounting the information compiled for internal consumption does not have to comply with any standards thus the reports could be informal. The training for the two types of accounting is also different as the financial accountants are trained as certified public accountants while the managerial accountants are trained as certified management accountants (Pistoni & Songini, 2017).
The difference between these two can be explained in the following points:
i. Aggregation: the financial accounting reports on the whole business results whereas managerial accounting provides a more detailed report on aspects such as product line, product profits and consumer base.
ii. Efficiency: Financial accounting majorly reports of an organiz.
This document summarizes a study on the role of accounting in corporate financial organizations in Ghana, using Agricultural Development Bank as a case study. The study aimed to examine how accountants qualify for their roles, analyze the completeness of accounting records, and determine the effectiveness and efficiency of accounting departments. Data was collected through questionnaires and analyzed. The analysis found that accounting reports provide important information for decision making but do not always meet all user needs, and stakeholders rely heavily on accurate financial reporting. The conclusion recommends ensuring accounting reports provide required information in a timely manner and that organizations strictly follow reporting rules.
The document discusses auditing and provides details about its scope, objectives, types, and advantages. It defines auditing as examining an organization's financial records to determine if they are accurate. The main objectives of an audit are to analyze the internal system, check transaction validity, and finalize asset/liability values. Audits can be financial, tax, compliance, or operational. Advantages include operational improvements, reassuring ownership, gathering profit/loss information, settling insurance claims, producing accurate reports, and maximizing profit levels.
Managerial accounting is an activity that provides financial and n.docxinfantsuk
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Managerial accounting is an activity that provides financial and nonfinancial information to an organization's managers and other internal decision makers. This section explains the purpose of managerial accounting (also called management accounting) and compares it with financial accounting. The main purpose of the financial accounting system is to prepare general-purpose financial statements. That information is incomplete for internal decision makers who manage organizations.
Purpose of Managerial Accounting
C1 Explain the purpose and nature of, and the role of ethics in, managerial accounting.
The purpose of both managerial accounting and financial accounting is providing useful information to decision makers. They do this by collecting, managing, and reporting information in demand by their users. Both areas of accounting also share the common practice of reporting monetary information, although managerial accounting usually includes the reporting of more nonmonetary information. They even report some of the same information. For instance, a company's financial statements contain information useful for both its managers (insiders) and other persons interested in the company (outsiders).
Point: Nonfinancial information, also called nonmonetary information, includes customer and employee satisfaction data, the percentage of on-time deliveries, and product defect rates.
The remainder of this book looks carefully at managerial accounting information, how to gather it, and how managers use it. We consider the concepts and procedures used to determine the costs of products and services as well as topics such as budgeting, break-even analysis, product costing, profit planning, and cost analysis. Information about the costs of products and services is important for many decisions that managers make. These decisions include predicting the future costs of a product or service. Predicted costs are used in product pricing, profitability analysis, and in deciding whether to make or buy a product or component. More generally, much of managerial accounting involves gathering information about costs for planning and control decisions.
Point: Costs are important to managers because they impact both the financial position and profitability of a business. Managerial accounting assists in analysis, planning, and control of costs.
Planning is the process of setting goals and making plans to achieve them. Companies formulate long-term strategic plans that usually span a 5- to 10-year horizon and then refine them with medium-term and short-term plans. Strategic plans usually set a firm's long-term direction by developing a road map based on opportunities such as new products, new markets, and capital investments. A strategic plan's goals and objectives are broadly defined given its long-term orientation. Medium- and short-term plans are more operational in nature. They translate the strategic plan into actions. These plans are more concrete and consist of bett ...
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1.A proxy fight occurs when: the board of directors disagree on the members of the management team. For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title
Creative accounting uses knowledge of accounting rules to manipulate reported financial figures in ways that improve a company's perceived performance. While it aims to satisfy market expectations, creative accounting can obscure a company's true economic situation. An accountant must maintain ethical standards and objectively represent a client's financials without bias. Strong accounting ethics are important to uphold integrity in the financial industry and prevent harms like fraud.
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ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here
For Discussion Question 1: Post your response to the following:
âĸ When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
âĸ In other words, why are these accounting characteristics important?
âĸ What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
Running head MANAGERIAL ACCOUNTING 1MANAGERIAL ACCOUNTING.docxwlynn1
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Running head: MANAGERIAL ACCOUNTING
1
MANAGERIAL ACCOUNTING
2
Managerial Accounting
Accounting can be defined as the procedure of keeping monetary financial records. Accounting can be group as financial and managerial accounting. For businesses to be successful, they need to be having both managerial and financial accounting experts. Impeccable managerial and financial bookkeeping are important to the progress and constant survival of any corporate. Structurally, economically, and lawfully, bookkeeping is an essential section in any institute, and the necessity for an extremely skilled accounting squad is unconditionally crucial. Despite the similarities between financial and managerial accounting, there are also differences between them.
The managerial accounting works through measuring, analyzing and reporting monetary and non-monetary information that aids directors to make judgements to accomplish the objectives of an organization. Managerial accounting emphasizes on the internal broadcasting and is not regulated by generally accepted accounting principles (GAAP). Management accounting is known for its much efforts to focus on the future rather than paying much attention to what happened in the past (Kinicki & Fugate, 2016). This type of accounting is so influential to the performance of directors and other workers as opposed to principally reporting financial events. There are no principles which guide the operations of management accounting.
Management accounting permits executives to charge attention on ownersâ principal to aid judge a divisionâs presentation, although this may not be allowed by generally accepted accounting principles. Managerial accounting comprises assets or liabilities which may not be recognized by generally accepted accounting principles and it makes use of asset or liability quantifying rules like present values or resale prices which is not acceptable under GAAP.
Financial accounting on the other hand emphasizes on commentary to exterior events like shareholders, government interventions, and banks. It evaluates and registers business dealings and provides fiscal reports that are grounded on generally accepted accounting principles (GAAP). Financial bookkeeping is controlled by commonly accepted accounting principles (Weygandt, Kimmel & Kieso, 2015). Financial accounting comprises of sending monetary reports like income reports or balance sheets, to outside bodies like creditors, tax specialists, shareholders, and the Interior Revenue Service.
The managerial accounting positions out profit and loss accounts, job costing accounts, and operating resources, financial accounting conveys facts only for those on the external who want to decide the company's marketplace assessment. Managerial accounting emphases on issues and answers within an institute while financial accounting is worried with productivity from without. Managerial accountants make internal working reports, while financial accountants generat.
Skip to main contentOur WorkShowView Our WorkPower to the Profession.docxjennifer822
Â
Skip to main contentOur WorkShowView Our WorkPower to the ProfessionFor FamiliesHigher EducationPublic Policy and AdvocacyGlobal EngagementResourcesShowView ResourcesBooksYoung ChildrenTeaching Young ChildrenProfessional DevelopmentTopicsBlogPosition StatementsEventsShowView EventsAnnual ConferenceProfessional Learning InstitutePublic Policy ForumWeek of the Young ChildSponsorTrainings & WebinarsAccreditationShowView AccreditationEarly Learning Program AccreditationEarly Learning Accreditation PortalHigher Education Quality Assurance SystemsGet InvolvedShowView Get InvolvedBecome a MemberAdvance your CareerBecome an AdvocateJoin our CommunitiesAlign with UsLeadership OpportunitiesAbout UsShowView About UsPeoplePartnerNews and UpdatesCareers at NAEYCDonateContact UsFacility Rental
MenuSearch
Running head: MANAGERIAL ACCOUNTING
1
MANAGERIAL ACCOUNTING
2
Financial account and managerial accounts involves career paths that are different. Financial accounting can be described as a combination of all accounting information into the financial statements which includes the statement of financial position, the income statement among other while managerial accounting is described as the processes which are internal which are useful in accounting for the business transactions. Financial accounts provide its report based on the result of the whole business while the managerial account is more detailed and could base its report on the product, profit, geographical region, or a customer. In relation the information used to develop a report, financial accounting uses proven information that can be produced as evidence while needed while managerial accounts mostly deals uses estimates which can neither be proven or verified (Weygandt, Kimmel, & Kieso, 2015,).
The other notable difference is about the users of the two information where the financial is used both internally and externally by stakeholders such as managers and investors while reports in managerial accounting are used within the company for management purposes.it is a requirement that financial accounting reports to act in accordance with the accounting standard such as the generally accepted accounting principle ( GAAP) while in the case of managerial accounting the information compiled for internal consumption does not have to comply with any standards thus the reports could be informal. The training for the two types of accounting is also different as the financial accountants are trained as certified public accountants while the managerial accountants are trained as certified management accountants (Pistoni & Songini, 2017).
The difference between these two can be explained in the following points:
i. Aggregation: the financial accounting reports on the whole business results whereas managerial accounting provides a more detailed report on aspects such as product line, product profits and consumer base.
ii. Efficiency: Financial accounting majorly reports of an organiz.
This document summarizes a study on the role of accounting in corporate financial organizations in Ghana, using Agricultural Development Bank as a case study. The study aimed to examine how accountants qualify for their roles, analyze the completeness of accounting records, and determine the effectiveness and efficiency of accounting departments. Data was collected through questionnaires and analyzed. The analysis found that accounting reports provide important information for decision making but do not always meet all user needs, and stakeholders rely heavily on accurate financial reporting. The conclusion recommends ensuring accounting reports provide required information in a timely manner and that organizations strictly follow reporting rules.
The document discusses auditing and provides details about its scope, objectives, types, and advantages. It defines auditing as examining an organization's financial records to determine if they are accurate. The main objectives of an audit are to analyze the internal system, check transaction validity, and finalize asset/liability values. Audits can be financial, tax, compliance, or operational. Advantages include operational improvements, reassuring ownership, gathering profit/loss information, settling insurance claims, producing accurate reports, and maximizing profit levels.
Managerial accounting is an activity that provides financial and n.docxinfantsuk
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Managerial accounting is an activity that provides financial and nonfinancial information to an organization's managers and other internal decision makers. This section explains the purpose of managerial accounting (also called management accounting) and compares it with financial accounting. The main purpose of the financial accounting system is to prepare general-purpose financial statements. That information is incomplete for internal decision makers who manage organizations.
Purpose of Managerial Accounting
C1 Explain the purpose and nature of, and the role of ethics in, managerial accounting.
The purpose of both managerial accounting and financial accounting is providing useful information to decision makers. They do this by collecting, managing, and reporting information in demand by their users. Both areas of accounting also share the common practice of reporting monetary information, although managerial accounting usually includes the reporting of more nonmonetary information. They even report some of the same information. For instance, a company's financial statements contain information useful for both its managers (insiders) and other persons interested in the company (outsiders).
Point: Nonfinancial information, also called nonmonetary information, includes customer and employee satisfaction data, the percentage of on-time deliveries, and product defect rates.
The remainder of this book looks carefully at managerial accounting information, how to gather it, and how managers use it. We consider the concepts and procedures used to determine the costs of products and services as well as topics such as budgeting, break-even analysis, product costing, profit planning, and cost analysis. Information about the costs of products and services is important for many decisions that managers make. These decisions include predicting the future costs of a product or service. Predicted costs are used in product pricing, profitability analysis, and in deciding whether to make or buy a product or component. More generally, much of managerial accounting involves gathering information about costs for planning and control decisions.
Point: Costs are important to managers because they impact both the financial position and profitability of a business. Managerial accounting assists in analysis, planning, and control of costs.
Planning is the process of setting goals and making plans to achieve them. Companies formulate long-term strategic plans that usually span a 5- to 10-year horizon and then refine them with medium-term and short-term plans. Strategic plans usually set a firm's long-term direction by developing a road map based on opportunities such as new products, new markets, and capital investments. A strategic plan's goals and objectives are broadly defined given its long-term orientation. Medium- and short-term plans are more operational in nature. They translate the strategic plan into actions. These plans are more concrete and consist of bett ...
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FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title
Creative accounting uses knowledge of accounting rules to manipulate reported financial figures in ways that improve a company's perceived performance. While it aims to satisfy market expectations, creative accounting can obscure a company's true economic situation. An accountant must maintain ethical standards and objectively represent a client's financials without bias. Strong accounting ethics are important to uphold integrity in the financial industry and prevent harms like fraud.
FOR MORE CLASSES VISIT
www.acc291genius.com
ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here
For Discussion Question 1: Post your response to the following:
âĸ When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
âĸ In other words, why are these accounting characteristics important?
âĸ What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
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Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) For Discussion Question 1: Post your response to the following:
âĸ When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
âĸ In other words, why are these accounting characteristics important?
âĸ What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
An exercise whose objective is to enable auditors to express an opinion on whether the financial statements give a true and fair view (or equivalent) of the entityâs affairs at the period end and of its profit or loss (or income and expenditure) for the period then ended and have been properly prepared in
accordance with the applicable reporting framework (e.g. relevant legislation and applicable accounting standards) or where statutory or other specific requirements prescribe the term, whether the financial statements âpresent fairlyâ.
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ACC 290 Finals Question 1 Jackson Company recorded the following cash transactions for the year: Paid $135,000 for salaries. Paid $60,000 to purchase office equipment. Paid $15,000 for utilities. Paid $6,000 in dividends.
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1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? threat of a proxy fight pay raises based on length of service implementation of a stock option plan 4.Financial managers primarily create firm value by: maximizing current sales. investing in assets that generate cash in excess of their cost. 5.First City
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Current assets
When it comes to a company's classified balance sheets you will find current assets sheet. Current assets is cash or cash equilivants that the company will use. What you will find on a current asset sheet is Cash and equilvants, Short term investments, Accounts receivables, and other assets.
ī§ Financial Accounting and Management accounting are the two branches of accounting.
ī§ Financial accounting stresses on giving true and a fair view of the financial position of the company to various parties.
ī§ On the contrary, management accounting aims at providing both qualitative and quantitative information to the managers, so as to assist them in decision making and thus maximizing the profit.
Financial Accounting is the branch of accounting which keeps track of all the financial information of the entity. Management Accounting is that branch of accounting which records and reports both the financial and nonfinancial information of an entity.
This document discusses various topics related to accounting as a profession. It begins by defining accounting and describing the wide variety of roles that accountants perform beyond just preparing financial statements, such as analyzing costs and efficiencies, participating in mergers and acquisitions, developing information systems, and managing taxes and benefits. It then outlines some career paths one can take in accounting, such as auditing, budget analysis, and financial accounting. It also notes the expected job growth and outlook for the field.
Financial accounting is a method by which a company records and reports revenue, expenses, and income for a specific period. We follow strict guidelines to ensure that our financial statements are accurate and comply with statutory, financial, legal and regulatory requirements. The data in these reports helps outsiders perform a comprehensive financial analysis of company operations and allocate resources more effectively to business owners, investors, and creditors.
This document summarizes Miguel Mejia's final project on becoming a Certified Public Accountant (CPA). It defines accounting as an information system that identifies, records, and communicates a business's activities. There are four career areas in accounting: financial, managerial, taxation, and accounting-related. To become a CPA requires passing the Uniform CPA Exam, meeting education standards, obtaining experience, and adhering to ethical standards. CPAs ensure organizations' financial reports are accurate and follow standards. With the growing complexity of business, the job outlook for accountants is very positive.
The document discusses evaluating the financial performance of healthcare organizations. It describes three key steps: 1) selecting performance measures like profitability, liquidity, leverage, and activity from financial statements; 2) setting standards by comparing to past performance, budgets, or industry benchmarks; 3) calculating measures, comparing to standards, and interpreting results. The document provides examples of financial statements and calculates profitability measures like operating margin for a sample hospital.
Financial statements are prepared by a company's management to provide information on financial performance and position to outside users. They generally include a balance sheet, income statement, statement of cash flows, and statement of owner's equity. Financial statement analysis involves reviewing these statements to evaluate a company's risks, performance, financial health and future prospects. The statements provide recorded facts based on accounting records and conventions but also involve some personal judgment in their preparation.
In many modern major enterprises, financial controllership functions have been just that â functional. Generally focused on managing risk, they have included technical accounting and financial reporting support, the implementation and maintenance of accounting standards, the management, simplification and improvement of processes and the guardianship of internal controls. Insightful controllership provides an entirely new way of looking at financial controllership.
Bookkeeping involves systematically recording business transactions in predefined formats like journals. Accounting is broader and includes bookkeeping, reporting, and analyzing financial data to prepare financial statements or management reports. Accountancy usually relates to professional accounting services or the profession itself.
Response 1:
Part 1
Memo:
Understanding Similarities and Differences between Financial and Managerial Accounting
Attention
: Susan Thompson
Susan-
In an effort to get you up to speed on our expectations, I wanted to provide some details on the differences you can expect to see between managerial and financial accounting and provide you some examples from both areas.
Financial accounting is the backbone of the day-to-day functions of accounting. From payables, to receivables to collections, this area ensures all of the outstanding bills and debts are paid so the organization can operate. The details received from the day to day management of financial accounting are provided to stakeholdersâ, creditors, vendors and management to ensure the organization is being forthcoming and so management can use the data to further the position of the company(MUSE: Financial and Managerial Accounting). Reports provided within financial accounting include the following:
Income Statement
Statement of Owners Equity
Balance Sheet
Cash Flow Statement
Each of these documents is used by managerial accounting team members to help make decisions about the future of the organization.
Managerial accounting is optional. This is a team of managers who are trying to plan for future business and need to understand the ebbs and flows of the business itself and how any of the business segments or areas can function more productivity. One thing to note is that Financial Accounting is handled by external persons who try to ensure the strength of financial decisions whereas Managerial Accounting is managed by internal managers responsible for the success of the organizations. Financial Accounting Reporting for the IRS is mandatory and GAAP accounting rules must be adhered too. Managerial Accounting has no set rules nor are they bound to any oversight group and are not required to provide any sort of mandatory reporting.
Additional reports used to analyze the health of an organization are horizontal and vertical analyzes.
Horizontal analysis is where we take a series of reports year over year and try to determine what trends were in assets, equity, cash flow, etc. Using these reports allows the management team to better understand the business and what could be coming in the future. Vertical analysis is where we analyze financial statements based on entries for assets, accounts, liabilities and equities. We review each of these as a proportion of the total account and try to understand what led to any inconsistencies.
If you need any further clarification regarding these concepts, reporting or analysis, please reach out to me directly.
Thank You
Part 2
Attn: Board of Directors
MEMOÂ
In an effort to help our team better understand how we can use our current and previous accounting information to help plan and control for future business, I have broken down details on four key financial reports we receive regularly. These reports include the income sta ...
The document discusses the concept of earnings management and whether it is good or bad. It defines earnings management as when managers manipulate financial statements to present a more favorable view of company performance rather than the actual results. Managers have incentives like bonus plans, debt covenants, and avoiding losses to engage in earnings management. While it allows some flexibility, earnings management can mislead investors and hinder resource allocation if overused. The document reviews literature on identifying earnings management and calls for stronger auditing standards to improve detection of fraudulent financial reporting.
The document provides an overview of financial accounting and auditing. It defines financial accounting as the process of recording and summarizing financial transactions and publishing financial reports for external users. It describes the accounting cycle and key financial statements. It also outlines the objectives, principles, benefits, limitations and users of accounting information. The document concludes by distinguishing between financial and management accounting, and defining auditing as the independent examination of an organization's financial data and reporting.
Unveiling the Essence of Accounting_ Importance and Common Practices.pdfAssignment Help
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Accounting is the most essential component of a business activity, functioning as a structurally organized system ensuring financial management, decision-making, and regulatory compliance. Accounting assignment help emphasizes the academic support that students studying accounting can get and their readiness to seek assistance from outside to finance this important area. Accounting's vital role is demonstrated in business by the use of the various aspects of accounting, which include accounting as a tool for decision-making, the preparation of financial plans, and compliance with regulatory requirements.
Moreover, the topic of accounting practices, for example, double-entry accounting, accrual accounting, financial statement preparation, budgeting and forecasting, and internal controls and auditing, provides knowledge about the methods businesses apply to record their finances accurately and keep them transparent. Combining academic background with practical knowledge will achieve the utmost result in accounting, as students will be able to take the necessary steps in the world of finance and business successfully. Seeking do my assignment for me services online help one to foster academic huddles and learn all the important information about accounting.
Accounting interview questions and answers by m riaz khanM Riaz Khan
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This document contains 20 interview questions and answers related to accounting. It discusses key topics like the definition of financial accounting, the role of accounting in business, governance of financial reporting standards, differences between accounting and bookkeeping, objectives of financial accounting, components of financial statements, balance sheets vs. income statements, qualitative characteristics of financial statements, constraints on reliable financial reporting, fundamental accounting equations, GAAP measures in Pakistan, accounts receivables and payables, accounting for goodwill, debenture redemption reserves, deferred revenue expenditures, and contingent liabilities.
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4-5 Multiyear Future Value How much would be in your savings account in 11 years after depositing $150 today if the bank pays 8 percent per year? (LG4-3) 4-7 Compounding with Different Interest Rates For Discussion Question 1: Post your response to the following:
âĸ When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
âĸ In other words, why are these accounting characteristics important?
âĸ What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
The document outlines a framework for analyzing businesses using their financial statements. It discusses how financial statements provide information to various stakeholders like security analysts, loan officers, and corporate managers. It also describes how a business's activities are influenced by its economic environment and strategy, and how its accounting system measures and reports on these activities in financial statements. Finally, it presents the steps of business analysis as including evaluating the business strategy, accounting practices, current financial performance, and making future predictions.
Find a recently (post-2010) published study in your field which .docxericn8
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Find a recently (post-2010) published study in your field which
applies one or more of the multivariate statistical methods discussed in class. Create a document that includes:
1) A discussion of the main the results of the article
2) A full critique of the methodology used and the author's interpretation of the results
3) A discussion of whether the analysis answers the research question(s) posed
4) Your recommendations for revising the paper and why
JOURNAL OF INFORMATION SYSTEMS American Accounting Association
Vol. 31, No. 3 DOI: 10.2308/isys-51837
Fall 2017
pp. 81â99
When Should Audit Firms Introduce
Analyses of Big Data Into the Audit Process?
Anna M. Rose
Jacob M. Rose
Oregon State University
Kerri-Ann Sanderson
Jay C. Thibodeau
Bentley University
ABSTRACT: This study investigates how the timing of the consideration of Big Data visualizations affects an
auditorâs evaluation of evidence and professional judgments. In addition, we examine whether the use of an intuitive
processing mode, as compared to a deliberative processing mode, influences an auditorâs use and evaluation of Big
Data visualizations. We conduct an experiment with 127 senior auditors from two Big 4 firms and find that auditors
have difficulty recognizing patterns in Big Data visualizations when viewed before more traditional audit evidence.
Our findings also indicate that auditors who view Big Data visualizations containing patterns that are contrary to
management assertions after they view traditional audit evidence have greater concerns about potential
misstatements and increase budgeted hours more. Overall, our results suggest that Big Data visualizations used
as evidential matter have fewer benefits when they are viewed before auditors examine more traditional audit
evidence.
Keywords: Big Data; visualizations; pattern recognition; intuitive processing; deliberative processing.
I. INTRODUCTION
T
he financial statement audit process increasingly involves the use of greater amounts of data and more sophisticated
analytical tools. In order to leverage the value of new data sources and ultimately reduce the risk of material
misstatement, audit firms are now evaluating audit approaches that encompass multiple external and internal sources of
data (Yoon, Hoogduin, and Zhang 2015). Many of the new approaches involve harnessing the richness of information
contained in what is commonly referred to as Big Data. We examine auditorsâ use of Big Data to identify relevant patterns that
can be used to inform their audit judgments and decisions.
Big Data consists of large, unstructured datasets that are beyond the processing capabilities of traditional querying tools
and that include data from financial and nonfinancial sources (Brown-Liburd, Issa, and Lombardi 2015). Big Data is generated
on a continuous basis from a wide variety of sources with varying degrees of veracity (Zhang, Yang, and Appelbaum 2015).
Audit firms wish to use this potentially va.
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Find a
NEWS
article that addresses a current political issue of concern to voters in t U.S. There are numerous possibilities, such as immigration, election interference, trade, healthcare, climate change, abortion, corruption, etc. It must, however, be an issue that is not a topic of another one of your essays. (A news article is an article from a media source like a newspaper or magazine such as the New York Times, FOX, The Washington Post, VICE, etc. that
addresses a current event
. It does not include sources like Wikipedia, eHow, dictionaries, academic journals, or other information websites.)
Write a minimum 300-word essay that answers the following questions:
Based on the article you chose, what is the political issue and why is it important to voters in the U.S.?
How do current political parties in the U.S. stand on the issue? Do you think their stances are reasonable and based on facts or are they designed to simply appeal to votersâ biases and emotions? (See Chapter 16 for information on political parties.)
How can social science research be used to better inform politicians and voters about the issue, i.e. where can someone go to get reliable information about the issue to make an informed decision?
.
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Similar to Financial and Managerial AccountingDifferences between financial.docx
Acct 504 mart perfect education acct504mart.comstudent234511
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Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) For Discussion Question 1: Post your response to the following:
âĸ When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
âĸ In other words, why are these accounting characteristics important?
âĸ What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
An exercise whose objective is to enable auditors to express an opinion on whether the financial statements give a true and fair view (or equivalent) of the entityâs affairs at the period end and of its profit or loss (or income and expenditure) for the period then ended and have been properly prepared in
accordance with the applicable reporting framework (e.g. relevant legislation and applicable accounting standards) or where statutory or other specific requirements prescribe the term, whether the financial statements âpresent fairlyâ.
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ACC 290 Finals Question 1 Jackson Company recorded the following cash transactions for the year: Paid $135,000 for salaries. Paid $60,000 to purchase office equipment. Paid $15,000 for utilities. Paid $6,000 in dividends.
Fin 571 genius perfect education fin571genius.comstudent1256789
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1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? threat of a proxy fight pay raises based on length of service implementation of a stock option plan 4.Financial managers primarily create firm value by: maximizing current sales. investing in assets that generate cash in excess of their cost. 5.First City
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ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here.
Current assets
When it comes to a company's classified balance sheets you will find current assets sheet. Current assets is cash or cash equilivants that the company will use. What you will find on a current asset sheet is Cash and equilvants, Short term investments, Accounts receivables, and other assets.
ī§ Financial Accounting and Management accounting are the two branches of accounting.
ī§ Financial accounting stresses on giving true and a fair view of the financial position of the company to various parties.
ī§ On the contrary, management accounting aims at providing both qualitative and quantitative information to the managers, so as to assist them in decision making and thus maximizing the profit.
Financial Accounting is the branch of accounting which keeps track of all the financial information of the entity. Management Accounting is that branch of accounting which records and reports both the financial and nonfinancial information of an entity.
This document discusses various topics related to accounting as a profession. It begins by defining accounting and describing the wide variety of roles that accountants perform beyond just preparing financial statements, such as analyzing costs and efficiencies, participating in mergers and acquisitions, developing information systems, and managing taxes and benefits. It then outlines some career paths one can take in accounting, such as auditing, budget analysis, and financial accounting. It also notes the expected job growth and outlook for the field.
Financial accounting is a method by which a company records and reports revenue, expenses, and income for a specific period. We follow strict guidelines to ensure that our financial statements are accurate and comply with statutory, financial, legal and regulatory requirements. The data in these reports helps outsiders perform a comprehensive financial analysis of company operations and allocate resources more effectively to business owners, investors, and creditors.
This document summarizes Miguel Mejia's final project on becoming a Certified Public Accountant (CPA). It defines accounting as an information system that identifies, records, and communicates a business's activities. There are four career areas in accounting: financial, managerial, taxation, and accounting-related. To become a CPA requires passing the Uniform CPA Exam, meeting education standards, obtaining experience, and adhering to ethical standards. CPAs ensure organizations' financial reports are accurate and follow standards. With the growing complexity of business, the job outlook for accountants is very positive.
The document discusses evaluating the financial performance of healthcare organizations. It describes three key steps: 1) selecting performance measures like profitability, liquidity, leverage, and activity from financial statements; 2) setting standards by comparing to past performance, budgets, or industry benchmarks; 3) calculating measures, comparing to standards, and interpreting results. The document provides examples of financial statements and calculates profitability measures like operating margin for a sample hospital.
Financial statements are prepared by a company's management to provide information on financial performance and position to outside users. They generally include a balance sheet, income statement, statement of cash flows, and statement of owner's equity. Financial statement analysis involves reviewing these statements to evaluate a company's risks, performance, financial health and future prospects. The statements provide recorded facts based on accounting records and conventions but also involve some personal judgment in their preparation.
In many modern major enterprises, financial controllership functions have been just that â functional. Generally focused on managing risk, they have included technical accounting and financial reporting support, the implementation and maintenance of accounting standards, the management, simplification and improvement of processes and the guardianship of internal controls. Insightful controllership provides an entirely new way of looking at financial controllership.
Bookkeeping involves systematically recording business transactions in predefined formats like journals. Accounting is broader and includes bookkeeping, reporting, and analyzing financial data to prepare financial statements or management reports. Accountancy usually relates to professional accounting services or the profession itself.
Response 1:
Part 1
Memo:
Understanding Similarities and Differences between Financial and Managerial Accounting
Attention
: Susan Thompson
Susan-
In an effort to get you up to speed on our expectations, I wanted to provide some details on the differences you can expect to see between managerial and financial accounting and provide you some examples from both areas.
Financial accounting is the backbone of the day-to-day functions of accounting. From payables, to receivables to collections, this area ensures all of the outstanding bills and debts are paid so the organization can operate. The details received from the day to day management of financial accounting are provided to stakeholdersâ, creditors, vendors and management to ensure the organization is being forthcoming and so management can use the data to further the position of the company(MUSE: Financial and Managerial Accounting). Reports provided within financial accounting include the following:
Income Statement
Statement of Owners Equity
Balance Sheet
Cash Flow Statement
Each of these documents is used by managerial accounting team members to help make decisions about the future of the organization.
Managerial accounting is optional. This is a team of managers who are trying to plan for future business and need to understand the ebbs and flows of the business itself and how any of the business segments or areas can function more productivity. One thing to note is that Financial Accounting is handled by external persons who try to ensure the strength of financial decisions whereas Managerial Accounting is managed by internal managers responsible for the success of the organizations. Financial Accounting Reporting for the IRS is mandatory and GAAP accounting rules must be adhered too. Managerial Accounting has no set rules nor are they bound to any oversight group and are not required to provide any sort of mandatory reporting.
Additional reports used to analyze the health of an organization are horizontal and vertical analyzes.
Horizontal analysis is where we take a series of reports year over year and try to determine what trends were in assets, equity, cash flow, etc. Using these reports allows the management team to better understand the business and what could be coming in the future. Vertical analysis is where we analyze financial statements based on entries for assets, accounts, liabilities and equities. We review each of these as a proportion of the total account and try to understand what led to any inconsistencies.
If you need any further clarification regarding these concepts, reporting or analysis, please reach out to me directly.
Thank You
Part 2
Attn: Board of Directors
MEMOÂ
In an effort to help our team better understand how we can use our current and previous accounting information to help plan and control for future business, I have broken down details on four key financial reports we receive regularly. These reports include the income sta ...
The document discusses the concept of earnings management and whether it is good or bad. It defines earnings management as when managers manipulate financial statements to present a more favorable view of company performance rather than the actual results. Managers have incentives like bonus plans, debt covenants, and avoiding losses to engage in earnings management. While it allows some flexibility, earnings management can mislead investors and hinder resource allocation if overused. The document reviews literature on identifying earnings management and calls for stronger auditing standards to improve detection of fraudulent financial reporting.
The document provides an overview of financial accounting and auditing. It defines financial accounting as the process of recording and summarizing financial transactions and publishing financial reports for external users. It describes the accounting cycle and key financial statements. It also outlines the objectives, principles, benefits, limitations and users of accounting information. The document concludes by distinguishing between financial and management accounting, and defining auditing as the independent examination of an organization's financial data and reporting.
Unveiling the Essence of Accounting_ Importance and Common Practices.pdfAssignment Help
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Accounting is the most essential component of a business activity, functioning as a structurally organized system ensuring financial management, decision-making, and regulatory compliance. Accounting assignment help emphasizes the academic support that students studying accounting can get and their readiness to seek assistance from outside to finance this important area. Accounting's vital role is demonstrated in business by the use of the various aspects of accounting, which include accounting as a tool for decision-making, the preparation of financial plans, and compliance with regulatory requirements.
Moreover, the topic of accounting practices, for example, double-entry accounting, accrual accounting, financial statement preparation, budgeting and forecasting, and internal controls and auditing, provides knowledge about the methods businesses apply to record their finances accurately and keep them transparent. Combining academic background with practical knowledge will achieve the utmost result in accounting, as students will be able to take the necessary steps in the world of finance and business successfully. Seeking do my assignment for me services online help one to foster academic huddles and learn all the important information about accounting.
Accounting interview questions and answers by m riaz khanM Riaz Khan
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This document contains 20 interview questions and answers related to accounting. It discusses key topics like the definition of financial accounting, the role of accounting in business, governance of financial reporting standards, differences between accounting and bookkeeping, objectives of financial accounting, components of financial statements, balance sheets vs. income statements, qualitative characteristics of financial statements, constraints on reliable financial reporting, fundamental accounting equations, GAAP measures in Pakistan, accounts receivables and payables, accounting for goodwill, debenture redemption reserves, deferred revenue expenditures, and contingent liabilities.
Fin 370 genius perfect education fin370genius.comstudent234511
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4-5 Multiyear Future Value How much would be in your savings account in 11 years after depositing $150 today if the bank pays 8 percent per year? (LG4-3) 4-7 Compounding with Different Interest Rates For Discussion Question 1: Post your response to the following:
âĸ When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
âĸ In other words, why are these accounting characteristics important?
âĸ What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
The document outlines a framework for analyzing businesses using their financial statements. It discusses how financial statements provide information to various stakeholders like security analysts, loan officers, and corporate managers. It also describes how a business's activities are influenced by its economic environment and strategy, and how its accounting system measures and reports on these activities in financial statements. Finally, it presents the steps of business analysis as including evaluating the business strategy, accounting practices, current financial performance, and making future predictions.
Similar to Financial and Managerial AccountingDifferences between financial.docx (20)
Find a recently (post-2010) published study in your field which .docxericn8
Â
Find a recently (post-2010) published study in your field which
applies one or more of the multivariate statistical methods discussed in class. Create a document that includes:
1) A discussion of the main the results of the article
2) A full critique of the methodology used and the author's interpretation of the results
3) A discussion of whether the analysis answers the research question(s) posed
4) Your recommendations for revising the paper and why
JOURNAL OF INFORMATION SYSTEMS American Accounting Association
Vol. 31, No. 3 DOI: 10.2308/isys-51837
Fall 2017
pp. 81â99
When Should Audit Firms Introduce
Analyses of Big Data Into the Audit Process?
Anna M. Rose
Jacob M. Rose
Oregon State University
Kerri-Ann Sanderson
Jay C. Thibodeau
Bentley University
ABSTRACT: This study investigates how the timing of the consideration of Big Data visualizations affects an
auditorâs evaluation of evidence and professional judgments. In addition, we examine whether the use of an intuitive
processing mode, as compared to a deliberative processing mode, influences an auditorâs use and evaluation of Big
Data visualizations. We conduct an experiment with 127 senior auditors from two Big 4 firms and find that auditors
have difficulty recognizing patterns in Big Data visualizations when viewed before more traditional audit evidence.
Our findings also indicate that auditors who view Big Data visualizations containing patterns that are contrary to
management assertions after they view traditional audit evidence have greater concerns about potential
misstatements and increase budgeted hours more. Overall, our results suggest that Big Data visualizations used
as evidential matter have fewer benefits when they are viewed before auditors examine more traditional audit
evidence.
Keywords: Big Data; visualizations; pattern recognition; intuitive processing; deliberative processing.
I. INTRODUCTION
T
he financial statement audit process increasingly involves the use of greater amounts of data and more sophisticated
analytical tools. In order to leverage the value of new data sources and ultimately reduce the risk of material
misstatement, audit firms are now evaluating audit approaches that encompass multiple external and internal sources of
data (Yoon, Hoogduin, and Zhang 2015). Many of the new approaches involve harnessing the richness of information
contained in what is commonly referred to as Big Data. We examine auditorsâ use of Big Data to identify relevant patterns that
can be used to inform their audit judgments and decisions.
Big Data consists of large, unstructured datasets that are beyond the processing capabilities of traditional querying tools
and that include data from financial and nonfinancial sources (Brown-Liburd, Issa, and Lombardi 2015). Big Data is generated
on a continuous basis from a wide variety of sources with varying degrees of veracity (Zhang, Yang, and Appelbaum 2015).
Audit firms wish to use this potentially va.
Find a NEWS article that addresses a current political issue o.docxericn8
Â
Find a
NEWS
article that addresses a current political issue of concern to voters in t U.S. There are numerous possibilities, such as immigration, election interference, trade, healthcare, climate change, abortion, corruption, etc. It must, however, be an issue that is not a topic of another one of your essays. (A news article is an article from a media source like a newspaper or magazine such as the New York Times, FOX, The Washington Post, VICE, etc. that
addresses a current event
. It does not include sources like Wikipedia, eHow, dictionaries, academic journals, or other information websites.)
Write a minimum 300-word essay that answers the following questions:
Based on the article you chose, what is the political issue and why is it important to voters in the U.S.?
How do current political parties in the U.S. stand on the issue? Do you think their stances are reasonable and based on facts or are they designed to simply appeal to votersâ biases and emotions? (See Chapter 16 for information on political parties.)
How can social science research be used to better inform politicians and voters about the issue, i.e. where can someone go to get reliable information about the issue to make an informed decision?
.
Find a recent article on a practice, activity or aspect of the .docxericn8
Â
Find a recent article on a practice, activity or aspect of the real estate financing industry that has been substantially affected by the COVID-19 pandemic. Â The article must come from a credible and reputable source.Â
First send me the Article that you will choose, Then I will send to my professor to get the permission. Then only you will send the work.
.
Find a program (provide a link to the program) which was developed t.docxericn8
Â
Find a program (provide a link to the program) which was developed to provide health promotion and education to a specific population. Evaluate this program on its ability to identify with the specific population, on its implementation of effective intervention methods, and on its program planning strategy. This evaluation will be very broad in scope and not as in-depth as your research assignment. Review three peers' postings, access the program links, and compare your assessment to theirs? What additional insights do you have?
.
Find a publicly available secondary dataset that will allow yo.docxericn8
Â
Find a publicly available secondary dataset that will allow you to answer at least one of your research question for your proposal.Â
What is your research question?
Explain your IV, DV, and how you are conceptualizing and operationalizing them. What variables will you be using? List at least 2 covariates that you feel it is important to include. Why did you choose these?
What cleaning and recoding of these variables did you do? Be specific.Â
 watch for reverse coding, values that seem out of logical range
Create a table with the following descriptive statistics of your IV, DV, and at least two covariates: range, mean, median, mode, standard deviation
If the mean or median is not useful, include an explanation.
Include a paragraph explaining the table. What does this information tell me about these variables? Be specific.
Make sure to include the dataset and your Stata do file or SPSS syntax.
.
Find a non-bankruptcy fraud case. Write an academic paper of 3 pages.docxericn8
Â
Find a non-bankruptcy fraud case. Write an academic paper of 3 pages addressing the following points:
Summarize the fraud that was executed. Describe the type of fraud, the manner in which it was perpetrated, and who was involved.
What was the significance of the fraud that was perpetrated? What damages were sustained and by which stakeholders?
How was the fraud ultimately uncovered or discovered?
Who were the company's auditors? Were the auditors held liable for the failure to detect the fraud?
What criminal or financial penalties, if any, were imposed on the company and the perpetrators?
Do you feel that the penalties imposed were fair? Support your conclusion.
What internal control activities could have prevented the fraud?
What were the long-term consequences of this particular incident? For example, did the incident motivate any regulatory or professional reforms?
What happened to the company? Does the entity still exist? Was it reorganized or acquired by another entity?
.
Find a newspaper or magazine article that highlights when the politi.docxericn8
Â
Find a newspaper or magazine article that highlights when the political process works poorly (not too hard). Write a 1-page paper on the economic reasons for this performance (i.e. Special-Interest Effect, Shortsightness Effect, Rent Seeking, or Inefficiency of Government Operations, etc.)
APA Format
.
Find a NEWS article that addresses an issue in immigration. (A.docxericn8
Â
The document provides instructions for an assignment to write a 300-word essay addressing an immigration issue covered in a news article. Students are prompted to discuss the relationships between economics and political power, the concept of the nation-state, and how these factors impact the immigration issue presented in the article. The essay should be at least 300 words, cite credible sources, and reference them according to APA style.
Find a NEWS article that addresses a current economic issue fa.docxericn8
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Find a
NEWS
article that addresses a current economic issue facing the U.S. It can involve any of the challenges discussed in Chapter 18, or one of your choice. (A news article is an article from a media source like a newspaper or magazine such as the New York Times, FOX, The Washington Post, VICE, etc. that
addresses a current event
. It does not include sources like Wikipedia, eHow, dictionaries, academic journals, or other information websites.)
Write a minimum 300 word essay that answers the following questions:
Based on the article you chose, what is economic challenge you chose? How does it relate to the economic challenges discussed in the book? (See Chapter 18 for a discussion of economic challenges facing the U.S.)
According to the article, who are the main interest groups involved? What does the economic issue mean for their life and/or business outcomes?
How can the economic challenge be addressed in a manner that is fair and equitable to all parties involved?
.
Find a NEWS article that addresses a recent example of social .docxericn8
Â
Find a
NEWS
article that addresses a recent example of social inequality. It can involve any form of inequality discussed in the book, such as race or ethnicity, gender, class, etc. (A news article is an article from a media source like a newspaper or magazine such as the New York Times, FOX, The Washington Post, VICE, etc. that
addresses a current event
. It does not include sources like Wikipedia, eHow, dictionaries, academic journals, or other information websites.)
Write a minimum 300 word essay that answers the following questions:
Based on the article you chose, how is the social inequality described? How does it relate to the forms of stratification discussed in the book?
According to the article, what are the consequences of the social inequality for the people experiencing it? How does it impact their life outcomes or opportunities?
How can the form of social inequality be addressed so we can move towards a more fair and just society?
.
Find a NEWS article that addresses a recent technological deve.docxericn8
Â
Find a
NEWS
article that addresses a recent technological development or the impact of a technological innovation on society. For example, there are many news articles about the impact of cell phone use on human cognition, social media on self-esteem or elections, gene editing, renewable energy, etc. (A news article is an article from a media source like a newspaper or magazine such as the New York Times, FOX, The Washington Post, VICE, etc. that
addresses a current event
. It does not include sources like Wikipedia, eHow, dictionaries, academic journals, or other information websites.)
Write a minimum 300 word essay that answers the following questions:
Based on the article you chose, how is the technological innovation described?
According to the article, what is the impact of the technological innovation on human society and culture? How is this similar to previous technological innovations discussed in the book?
How do you imagine the technology discussed will develop in the future, i.e. what do think the long-term impact will be?
please include work cited!!
.
Find a media message (print, commercial, tweet, post, etc.) that is .docxericn8
Â
Find a media message (print, commercial, tweet, post, etc.) that is communicating a false message, spreading misinformation. Sometimes, people misinterpret information and make assumptions about events. One way to double-check information is Snopes, visit
Snopes
and type the issue or story and verify it!Â
Introduce the misinformed message you found, what Snopes had to say about it, and what we could do to dispel messages like that. Why is it dangerous to allow misinformation to spread? How does misinformation affect public health?
.
Find a current event, within the last year, that involved a crisis o.docxericn8
Â
Find a current event, within the last year, that involved a crisis or scandal. Give a brief synopsis of the company and the issue, and the company's communication approach to the crisis. Do you feel the company's communication approach was effective? Why or why not? What would you have done the same and what would you have done differently?
.
FIND a current article ( It should be in-2019) In The News rega.docxericn8
Â
FIND: a current article ( It should be in-2019) In The News regarding The Research Argument.
WRITE:Â a Rhetorical Precis on the article or video.
a citation for the source,
an analysis of the sourceâs argument (including the thesis and the main supporting points),
how this article used ethos, pathos, logos, and/or kairos.
and how this source influences or impacts your argument (in relation to your ethos, pathos, logos, and/or kairos).
*FIND THE ATTACHED FILE*
.
Find a case that has been investigated by The Innocence Project. Fin.docxericn8
Â
This document instructs the reader to research a case investigated by The Innocence Project, focusing on the initial investigation, arrest, and trial. The reader is asked to write a 3-4 page paper identifying 3 errors made during the legal process that harmed the defendant, citing 5 credible sources using APA style citations and formatting.
Find a case study on data mining. Identify the following informa.docxericn8
Â
Find a case study on data mining. Identify the following information:
   1. Describe the data mining case and the data mining technique used.
   2. Explain whether current or historical data is being used for the data mining.
   3. Describe the outcomes the data mining identified, including any advantages or disadvantages of the technique used.
   4. Include a web link (URL) for the data mining example that you found.
Do not post the same data mining example as another student. After your initial posting, respond to at least two other studentsâ postings by comparing and contrasting your data mining example to the examples provided by the other students.
Resources:
All resources are in MindTap
Textbook: Module 14 â Big Data and NoSQL
PowerPoint: Module 14 Review charts
.
Find 3 sources of information for my research paperAuthors name.docxericn8
Â
Find 3 sources of information for my research paper
Author's name:
Title of work: (Is it part of a bigger work? If so, provide title of bigger work)
Page number ( if source is in print)
Publisher:
Website:
URL:
Publication date:
Place of publication:
.
Find 2 case studies that examine an information systems implemen.docxericn8
Â
Find 2 case studies that examine an information systems implementation that was affected at least in part by a need to comply with a federal law or regulation. Use the same law or regulation in both case studies. In 2-3 pages:
1.  Describe the law or regulation in general terms2.  Describe what the system engineers did differently that enabled the organization to show compliance with the subject law or regulation
.
Find 2 non-academic sources about your artist, song, or video..docxericn8
Â
Find 2 non-academic sources about your artist, song, or video. Non academic articles include blog posts, interviews with the artists (written or video), podcasts, behind-the-scenes information, reviews, or music journalism. We know a source is non academic if it is not published by a scholarly or University journal. (IMPORTANT: This source CANNOT be Wikipedia, Genius Lyrics, Songfacts, or any website that uses fan-contributed information -- it must be written or uploaded by one or more credited authors or media sources)
Find 2 academic sources (using the databases) about your artist, song, video, or TOPIC. Many artists/songs/videos DO NOT have academic sources written about them, so you may need to wide your scope to consider your topic or main point. We know a source is academic if it is peer reviewed and published by a scholarly or University journal. Academic articles are often written by professors or university faculty and almost always have a works cited or references page of their own research.Â
THEN, write a paragraph about your research experience. How did you perform your research? Where did you start looking? What was easy to use? What was hard to find? Do you have any tips or tricks for your peers? Did your research change your mind about anything or give you new/important insight into your paper?
.
Find 10 different sources for your research paper. These sources sho.docxericn8
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Students should find 10 sources from the Evans Library, not open web sources like Wikipedia, for their research paper. They need to create an MLA citation for each source and write a paragraph summarizing the source and how helpful it will be for their research. Google Scholar is an acceptable source.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
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The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Â
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Training: ISO/IEC 27001 Information Security Management System - EN | PECB
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General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
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Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
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đđĸđŦđđŽđŦđŦ đđĄđ đđđ đđŽđĢđĢđĸđđŽđĨđŽđĻ đĸđ§ đđĄđ đđĄđĸđĨđĸđŠđŠđĸđ§đđŦ:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
đđąđŠđĨđđĸđ§ đđĄđ đđđđŽđĢđ đđ§đ đđđ¨đŠđ đ¨đ đđ§ đđ§đđĢđđŠđĢđđ§đđŽđĢ:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
How to Make a Field Mandatory in Odoo 17Celine George
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In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
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Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
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Financial and Managerial AccountingDifferences between financial.docx
1. Financial and Managerial Accounting
Differences between financial and managerial accounting
Financial and managerial accounting are distinct
accounting processes that determine the success of an
enterprise. Though the terms are different, many people with
little accounting information use them synonymously. Financial
accounting is a branch of accounting that specializes majorly on
maintaining an organizationâs financial transactions (Weygandt
& Kieso, 2015). The branch thus focuses on keeping track of
financial records of an organization from the transactions done.
Managerial accounting is also a branch of accounting, but it
focuses mainly on identification, evaluation, interpretation, and
communication of information between managers within an
organization with the aim of accomplishing the organizationâs
objectives (Weygandt & Kieso, 2015). Managerial accounting
thus focuses on ensuring that the organization achieves its set
goals by ensuring that relevant information is available to aid
the organization managers in making management decisions
effectively.
Normally, managerial accounting information is used by
the internal management of an organization to make managerial
decisions, while financial accounting statements are used
externally by outsiders such as customers, investment analysts,
and competitors to guide them in making decisions on whether
to do business with the organization. While financial accounting
provides financial statements on the profitability of the
enterprise, managerial accounting reports on the issues
hindering the organizationâs goal accomplishment, and proposes
remedies for rectifying the issues (Weygandt & Kieso, 2015).
Another difference is that financial accounting reports require
to be maintained at particular levels of precision, and the
accuracy of the financial statements have to be confirmed while
managerial accounting deals with estimates and propositions.
Also, financial accounting requires the accountants to comply
2. with particular accounting rules since the information is
compiled for external purposes while managerial accounting
does not require the involved parties to comply with specific
accounting rules because the information is used internally for
decision making.
Rules that need to be followed under either method
Accountants in managerial accounting use different
procedures in accounting for the managerial decisions, and thus
there no specific rules or regulations that ought to be followed.
Also, different businesses have different operations, requiring
different rules, and thus no specific rules or standards exist in
managerial accounting. Conversely, financial statements from
financial accounting are used by different categories of people
to assess the organizationâs value for themselves, and thus there
are common rules known as accounting standards and General
Acceptable Accounting Principles (GAAP), that ensures that
companies provide accurate, comparable, and reliable
information to the outsiders (Horngren et al., 2012).
The accounting rules under financial accounting include the
following:
¡ The regularity principle: Accountants must adhere to all the
GAAP regulations.
¡ The consistency principle: Accountants should comply with
the application of similar standards during the entire reporting
process to avoid errors and inconsistencies (Horngren et al.,
2012). This principle expects accountants to explain any reason
that might have caused them to change any standard.
¡ The sincerity principle: According to this principle,
accountants should provide accurate information about the
organizationâs financial position.
¡ The consistency principle: This principle requires accountants
to use consistent financial reporting procedures.
¡ The non-compensation principle: This principle requires
accountants to adhere to transparency while reporting the
positives and negatives in the financial statements without debt
compensation expectations (Horngren et al., 2012).
3. ¡ Prudence principle: The financial statements should not be
overestimated or underestimated.
¡ Continuity principle: After the valuation of the organizationâs
assets, this principle assumes that the organization will continue
in operation for the next fiscal year.
¡ Materiality principle: Accountants should always strive to
disclose all the financial data in the financial reports fully.
¡ The principle of utmost good faith: This principle is applied
within the insurance industry whereby it presumes that all
parties will remain loyal in the financial transactions (Horngren
et al., 2012).
References
Horngren, C., Harrison, W., Oliver, S., Best, P., Fraser, D., &
Tan, R. (2012). Financial accounting. Pearson Higher Education
AU.
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E.
(2015). Financial & managerial accounting. John Wiley & Sons.
Week-2
Week - 2 Discussion
COLLAPSE
Top of Form
There are many different accounting certifications which can be
used to enhance a personâs career and contribute to the
achievement of career goals. Each of these accounting
certifications is slightly unique and they address particular
career focuses depending on the career objectives of an
individual. Types of accounting certifications include Certified
Public Accountant (CPA), Certified Management Accountant
(CMA), Certified Financial Analyst (CFA), and Certified
Internal Auditor (CIA) among others. CPA is the oldest, most
4. popular, and most respected accounting certification in the
accounting industry. A CPA certification is only given to a
licensed accountant who is allowed to write audit reports and
advice on the financials of a company. On the other hand, CMA
certification focuses on accounting management for companies
covering topics such as financial planning, decision-making,
performance, and control (Ng, 2019). These topics are never
covered in a CPA certification and thus this designation is
important for candidates who pursue company internal
management and the executive roles.
What is the difference between the two?
Each of these certifications is unique and has different career
paths. CPA areas of focus include accounting and auditing,
financial accounting, regulation, and reporting. CMA has a
different focus since professionals specialize in asset,
performance, and financial management. Another difference
between the two certifications related to the requirements
needed for one to be qualified to pursue the certifications. An
individual who wants to become a CMS needs to have a
bachelorâs degree in business, economics, or accounting and
should be a member of the Institute of Management Accountants
(IMA) (Boyd, n. d). This is different for a CPA whereby one
can enroll in a CPA program without necessarily having an
undergraduate degree.
Which one is more applicable to Managerial Accounting?
A person who has a CMA certification has an edge in
Managerial Accounting as compared with one who has a CPA.
This is because CMA emphasizes building skills which are
needed in financial decision making, financial reporting, and
planning and management of performance. A CMA certification
improves the management skills of a professional which
improves a personâs ability to make strategic business decisions
which affect a companyâs performance and financial decisions
as well.
Which one is more applicable to Financial Accounting?
CPA is more applicable in Financial Accounting since it focuses
5. on public accounting and general accounting whereby
professionals are expected to work on financial reporting,
income taxes, and audits for individuals and public and private
companies. A person which a CPA can perform different roles
in Financial Accounting including providing financial advice to
clients, auditing and preparing financial reports, and ensuring
that regulations and laws are followed in accounting.
References
Kenneth W. Boyd, (n. d).CMA vs CPA | which is Better for
Your Career, Salary, and Wallet?Retrieved
from https://www.ais-cpa.com/cma-vs-cpa/
Stephanie Ng, (2019). CMA vs CPA: Which Qualification is
better?Retrieved from https://ipassthecmaexam.com/cpa-vs-cma/
Bottom of Form
Week-3 Discussion
COLLAPSE
Top of Form
Requirement 1
The first alternative involves Jackson doing nothing regarding
the issue. This course of action is not appropriate. Why? As an
accountant, the most basic ethical trait is honesty, and this is
6. evident in Jacksonâs initial reaction of pointing out the issue to
Mary Brown, the corporate controller. From the foregoing, not
taking action concerning the under applied overhead is not
ethical as it will lead to dishonest values both to the external
auditors as well as the Audit Committee of the Board of
Directors.
The second alternative involves making attempts to convince
Brown to make adjustments as well as informing the external
auditors of her actions. Attempting to convince Brown to make
adjustments is an appropriate action. This is because Jackson
will be communicating to his direct superior without
overstepping her authority. In addition, diagonal communication
is good for any business and this case would not be different.
On the other hand, Jackson informing the external auditors of
Brownâs actions is not an appropriate action. This is because by
doing so, Jackson might jeopardize the job or even career of
Brown, fellow employee, as well as the existence of the
business itself. Jackson should therefore desist from informing
the external auditors of Brownâs actions.
The third alternative involves informing the Audit Committee of
the Board of Directors and giving appropriate accounting data.
This course of action is appropriate. First, the issue of under
applied overhead needs to be addressed as it results in less
income as well as incorrect information to external auditors.
Therefore, Jackson should inform the Audit Committee of the
Board of Directors and by doing so it will result in both solving
the problem as well as keeping the problem internal. This action
will also ensure that Brownâs actions are corrected without
necessarily denting her job or career.
Requirement 2
The first step Jackson should take is to compute the accounting
data again for confirmation purposes and gather the appropriate
accounting information that supports his findings. Jackson
should then approach the next level of authority, in this case the
Audit Committee of the Board of Directors, and present them
with the gathered data. In addition, Jackson should explicitly
7. explain the effects of the under applied manufacturing overhead
and the need for its adjustment. By following these steps,
Jackson will not only have reported the matter to the correct
authority, the Audit Committee of the Board of Directors, who
will make the final decision on the way forward, but also helped
in keeping the matter internal to the company.
References
McLaughlin, I. A. (2016). Corporate Governance. Case study
and analysis.
Bottom of Form
Week -4 Discussion
COLLAPSE
Top of Form
The publicly traded manufacturing company in consideration is
8. Dean Foods Company (DFC). DFC Company is a food and
beverage company that focuses mainly on dairy products â it is
one of the largest dairy companies in the United States. DFC
produces several products at both a regional level and national
level. The product we are concerned with is the Creamland
brand that produces ice cream products. Based on the ice cream
products from my research, DFC Company uses product costing
to allocate the total cost of production - the subsequent
discussions will serve to justify this claim as well as expound
on both the production of ice cream products and the process
costing concepts learned.
To begin with, process costing is a method that allocates
production costs to a sequence of steps or departments in
production. With this in mind, note that the production of ice
cream involves a series of steps in which the factors of
production (labor, raw materials and overhead) are applied
differently at each stage (Fisher & Krumwiede, 2015). The basic
stages include preparation of the ice cream mixture, adding
liquid flavors, colors and freezing and adding fruits and bulky
flavorings and then packaging as desired. In this procedure,
different materials, labor and overhead are introduced
differently (in terms of quantity and type) in the distinct
processes of the entire manufacturing process. From the
foregoing discussion, process costing is the ideal method for
allocating costs; it is able to attribute the costs to the different
production processes involved in the production. In addition,
different departments, whereby the output of one department is
the input of another department, handle the different processes.
In so doing, the costs in terms of raw materials, labor and
overhead are easily accounted for department wise or process
wise â justifying why the DFC Company uses process costing in
the production of ice cream.
The nature of ice cream production is such that the costs
associated with individual products is difficult and not
economically feasible to obtain. In this case, process costing;
weighted average costing method in particular, comes in handy.
9. How? The weighted average costing method involves the
analysis of the costs of goods available for sale and the number
of units available for sale (Weygandt, Kimmel & Kieso, 2015).
Through process costing, the accumulated costs in each
department in terms of labor, material and overhead can be
calculated and summed up to obtain the costs of goods available
for sale. The weighted average method, which involves dividing
the costs of goods available for sale by the number of units
available for sale, obtains an estimate of the cost of each good
produced. From the explanation on the weighted average costing
method, it is evident that DFC Company ought to use process
costing since the costs of individual ice cream product cannot
be obtained otherwise.
In the production process, there is the need to account for the
costs incurred by each department in terms of raw materials
used, labor and overhead. Process costing enables this through
the cost per equivalent unit calculation. By accounting the costs
incurred in the different processes in the departments, budgeting
for the next production processes is possible.
Briefly, process costing is a method of allocating costs to a
production process in which costs are assigned to the series of
steps or processes. In the production of ice cream products by
the Dean Food Company, the production process consists of a
series of steps that result in homogenous products, which is an
ideal case for using process-costing method.
References
Fisher, J. G., & Krumwiede, K. (2015). Product costing
systems: finding the right approach. Journal of Corporate
Accounting & Finance, 26(4), 13-21.
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E.
(2015). Financial & managerial accounting. John Wiley & Sons.
Bottom of Form
10. week-5 Discussion
COLLAPSE
Top of Form
Activity Based Costing
This is a method of assigning costs to products. Activity-based
costing helps to assign these costs by drawing a relationship
between costs, activities which are classified as overheads and
manufacturing outputs (Bahnub, 2010). This is a method that
has been adopted over the traditional methods of assigning costs
which focused more on machine hours since it provides a more
rational way of assigning these costs.
This method of costing yields more accurate results as
compared to traditional methods of costing because the basis of
cost assignment is the definite consumption level of each
separate product. On top of the accuracy advantage, this method
of costing is not very complicated because its process only
involved identifying overhead activities and assigning costs to
each of these activities and then taking these costs and
assigning them to products on the basis of whether the product
makes use of that activity (Bahnub, 2010). If the product does
not consume that activity then the cost is not assigned.
The only complication that comes with assigning costs using
this method is the assigning of costs for various overhead
activities especially the indirect costs. Costs such as salaries
and wages to employees can be difficult to assign to a product
and for this reason, it is best suited for manufacturing activities
alone (Goektuerk,2007). The use of this costing method for
manufacturing processes of any organization can be very
beneficial because it produces more reliable information on
costs compared to traditional methods and it became a lot easier
11. to classify various costs in the production process when this
method is used (Goektuerk, 2007).
Case Study
1. Is the controller, Erin Jackson, acting ethically?
Yes. The controller is being ethical manly because his decision
and the actions he is taking are guided by the ethical principle
of integrity. First, he discovers the inaccuracy in the costing
numbers of the electric motor and the first action he takes is
revealing the truth and this shows his value for honesty. His
morality is however greatly displayed in his conversation with
his friend where he refuses his friends offer to manipulate the
numbers does not only show his value for honesty but also
shows that he holds hold moral principles which are strong
since despite the persuasion he stands by his truth. Offering to
check his calculation one more time to ensure accuracy is also a
show of care and honesty.
2. Is the production manager, Alan Tyler, acting ethically?
The production manager, in this case, is the one who is not
acting ethically. This is seen first in the fact that he is pretty
upset by the discovery of the truth. It seems like he knows about
the inaccuracy in costing for the electric motors but had made
the decision to keep them that way and was distorting the costs
on purpose so that he could not lose his job. Further, he makes
the request to Erin for him to manipulate the numbers since no
one will know. All these acts show that Alan is deceptive and
this is not an ethical value.
3. What are Jacksonâs ethical obligations? To the president?
To her friend?
According to the law and probably organizational policies,
accuracy and truthfulness in reporting are a requirement.
Employees are expected to practice honesty and transparency in
reporting and for this reason, Jackson has the ethical obligation
of showing compliance by correcting inaccuracies in cost
reports which give misleading information that the production
process is profitable whereas it is not. His ethical obligation to
the president is to uphold the legal and ethical standards of
12. reporting. To his friend, the only ethical obligation that Jackson
has s to ensure that the figures he produced on his analysis are
accurate to ensure that he does not put Alan in trouble for no
reason.
References
Bahnub, B. (2010). Activity-based management for financial
institutions : driving bottom line results. Hoboken, N.J: John
Wiley.
Goektuerk, H. (2007). Activity-Based Costing (ABC) -
advantages and disadvantages How ABC can be applied to
institutions of higher education. MÃŧnchen: GRIN Verlag GmbH.
Bottom of Form
13. week-6 Discussion
COLLAPSE
Top of Form
As was mentioned in the Week 4 discussion, Dean Foods
Company is a food and beverage organization which mainly
focuses on manufacturing dairy products. It is considered as one
of the largest dairy firms across the United States. The company
is known to produce numerous products both at the national and
regional level. Some of the main products of Dean Foods
include milk, ice cream, juice, teas, and dairy products. In the
United States, milk is processed both under a national and
regional brand. They have more than 50 regional and local
brands. In addition to fluid milk, the company is also
distributing bottled water, refined products, and other essential
products (Dean Foods Inc., 2019).
For the organizational leaders of the company, cost accounting
is crucial for measuring and analyzing the cost associated with
the products, projects as well as production to ensure that
correct amount are reported on the financial statements of the
company. With an appropriate cost accounting, the leaders will
be aided in the decision-making process by enabling easy
calculation, evaluation and monitoring of the associated costs.
Some of the related expenses that the company would incur
include the following:
Direct cost â this is the costs incurred in the production of their
goods and services. The company produces numerous products
and services that it distributes to the consumers across the
country. A direct cost includes labor, materials, expense or the
distribution cost associated with producing its products (Drury,
2014). These costs can be easily traced to a product. For
example, the companyâs employee may spend 2 hours preparing
ice cream. The direct costs associated with the ice cream are the
wages that the employees are paid and the components used to
produce the ice cream.
14. Indirect cost â this is the costs unrelated to the production of
the goods or services. The cost cannot be easily traced to a
given product or service, activity, or project. For Deans Food
Company, it is important to note that there is an electricity bill
for all the products made in the company. When the bill is paid,
no single products can be associated with it (Garrison et al.,
2014).
Fixed cost is another cost that accounting leaders must be aware
of. In most cases, fixed costs do not vary with the number of
goods or services that Dean Foods produce over a short period.
For example, if the Dean Foods leases a machine for production
for say, one year, it would be obliged to pay the monthly cost of
hiring the machine irrespective of how many products the
machine makes (Horngren et al., 2015). Therefore, the lease
payment is regarded as a fixed cost, and it remains unchanged
whether the company makes a loss or profit.
Variable costs are the expenses that fluctuate as the level of
output production changes. It changes with regard to the number
of products that the company produces. As the production
volume increases, the variable cost also increases and falls as
the production cost also decreases. Dean Foods must package its
milk products before distributing them out to various stores.
This is regarded as a variable cost because as the company
produces more milk products, the cost of packaging also
increases (Drury, 2014). But if the number of products produced
decreases, the variable cost associated with packaging also
reduces.
There are also operating costs which entail the expenses
associated with the every-day business activities but cannot be
traced back to one product. It is essential to note that the
operating cost can be fixed or variable. Dean Foods have
numerous stores across the country; as a result, they are pay
rent and utilities. Operating costs are the day-to-day expenses
but separately classified from indirect costs. They are the cost
associated with the production.
15. References
Dean Foods Inc. (2019) Brands. Retrieved
from http://www.dairyease.com/brands.aspx
DRURY, C. M. (2014). Management and cost accounting.
Springer.
Garrison, R. H., Noreen, E. W., Brewer, P. C., & McGowan, A.
(2014). Managerial accounting. Issues in Accounting
Education, 25(4), 792-793.
Horngren, C. T., Foster, G., Datar, S. M., Rajan, M., Ittner, C.,
& Baldwin, A. A. (2015). Cost accounting: a managerial
emphasis. Issues in Accounting Education, 25(4), 789-790.
Bottom of Form
SOCI 1311 Introduction to Sociology
Overview
In recent years, the mass media have given widespread attention
to claims that U. S. citizens are often compelled to buy
consumer items because of subliminal advertising. For this
discussion, you will find examples of subliminal advertising and
evaluate the existence and effectiveness of such advertising.
Beginning with a book by Brian Wilson Key in 1973 entitled
Subliminal Deception, the common themes of the argument that
subliminal advertising exists and is effective have been
systematized by many authors. The claim is that subliminal
embeds are placed into ads where the embeds are
representations of stimuli whose character is related to
sexuality, aggression, or death. The argument continues that
16. such ads are particularly effective because the Freudian
superego (conscience) of normal people prevents them from
being consciously aware of the embeds. It is said that for this
reason such ads can bypass a personâs rational and conscious
evaluation, and compel people to buy products based on the
arousal of powerful, primitive urges of sex and/or aggression .
For this discussion, collect the best three examples of
advertising that seem to contain embedded material of the type
described above, i.e., deliberately embedded images or symbols
of male or female sexual organs, or skulls for death imagery.
Directions
Task 1
On a separate Word document, cut and paste the three examples
you find. Remember that you are trying to find sexual imagery
that will not be seen consciously by most viewers, not just
sexually provocative ads.
With each image that you submit, add the following
information:
1. What in the picture represents subliminal embeds?
2. What is the subtext, the implied message that the advertiser
intended?
3. Explain how you believe the advertiser thought this
subliminal embed would sell more of a product or commodity.
Task 2
On the same Word document, after the task above and write a
short essay of 750-1000 words that contains:
1. A statement about whether you believe subliminal advertising
exists and impacts consumers, that is, the mind of the viewer
17. must repress material consciously and yet be strongly
influenced to buy a product. Is this possible?
2. In answering, use at least four scholarly journal articles or
book chapters, and cite these sources carefully. Consult the
APA document in the resources section of this course. Develop
a scholarly position of your own by citing the relevant evidence
and arguments both pro and con.
Below appear some references you may wish to consult. Both
pro and con articles are listed so that you can begin to decide
what your own informed opinion is regarding the existence and
effectiveness of subliminal advertising.
Sources:
Adams, V. (1958, January 14). Subliminal ads shown in capital.
New York Times, p. 66.
Block, M. P., & Vandenbergh, B. G. (1985). Can you sell
subliminals to consumers? Journal of Advertising, 14(3), 59-62.
Bornstein, R. F. (1989). Subliminal techniques as propaganda
tools: Review and critique. Journal of Mind and Behavior,
10(3), 231-262.
Brody, J. E. (1982, August 17). Subliminal persuasion a
menace? Evidently not. New York Times, p. C1.
Danzig, F. (1962, September 17). Subliminal advertising: Today
it's just historic flashback for researcher Vicary. Advertising
Age, pp. 72-73.
Emery, Jr., C. E. (1996). When the media miss meal messages
in subliminal stories. Skeptical Inquirer, 20(2), 16.
Godbout, O. (1957, November 13). 'Subliminal' ads over air
studied. New York Times, p. 70.
Godbout, O. (1957, November 4). Video group bans 'subliminal'
ads. New York Times, p. 70.
Godbout, O. (1958, January 22). Subliminal test planned in
west. New York Times, p. 54.
Godbout, O. (1958, March 7). Subliminal ads blocked on coast.
New York Times, p. 49.
Haber, R. N. (1959). Public attitudes regarding subliminal
18. advertising. Public Opinion Quarterly, 23(2), 291-293.
Harrington, R. (1991, January 6). In defense of heavy metal:
The trials of Rob Halford, soft-spoken lead screamer of Judas
Priest. Washington Post, p. G1.
Huxley fears new persuasion methods could subvert democratic
procedures. (1958, May 19). New York Times, p. 45.
Kalish, D. (1988, May). Now you hear it...subliminal
advertising. Marketing & Media Decisions, pp. 32-33.
Key, W. B. (1973). Subliminal seduction: Ad media's
manipulation of a not so innocent America. Upper Saddle River,
New Jersey: Prentice Hall.
Key, W. B. (1980). The Clam-Plate Orgy: And other subliminals
the media use to manipulate your behavior. Upper Saddle River,
New Jersey: Prentice Hall.
Moore, T. E. (1992). Subliminal perception: Facts and fallacies.
Skeptical Inquirer, 16(3), 273-281.
Moore, T. E. (1996). Scientific consensus and expert testimony:
Lessons from the Judas Priest Trial. Skeptical Inquirer, 20(6),
32-38, 60.
Packard, V. (1957). The Hidden Persuaders. New York: David
McKay Company.
Pratkanis, A. R. (1992). The cargo-cult science of subliminal
persuasion. Skeptical Inquirer, 16(3), 260-272.
Psychic Hucksterism stirs call for inquiry. (1957, October 6).
New York Times, p. 38.
Reuters. (1990, August 25). Band cleared in suicides blamed on
hidden message.
Riley, K. (1991, June 13). Not-so-subliminal spoofs give truth
in advertising a new twist. Washington Times, p. C1.
Subliminal TV cited as danger to youth. (1958, January 29).
New York Times, p. 29.
Talese, G. (1958, January 12). Most hidden persuasion. New
York Times Magazine, pp. 22, 59-60.
The ad that isn't there [Editorial]. (1958, January 23). New
York Times, p. 26.
TV message fruitless. (1958, February 8). New York Times, p.
19. 35.
Weir, W. (1984, October 15). Another look at subliminal 'facts'.
Advertising Age, p. 46.
Zanot, E. J, Pincus, J. D., & Lamp, E. J. (1983). Public
perceptions of subliminal advertising. Journal of Advertising,
12(1), 39-45.
Task 3
Post your document in the discussion thread. Respond to at
least two other studentsâ examples of subliminal adverstising
and essays.
Rubric
Use this rubric to guide your work on your Module 4 Discussion
Tasks.
Tasks
Expert
Points Earned (10)
Acceptable
Points Earned (5)
Unacceptable
Points Earned (0)
Task 1
Provides 3 clear examplesânot just erotic ads per se---of
advertising with explanations of the subliminal embed(s), the
implied message, and the advertiserâs intention. (4)
Provides 2 examples---not just erotic ads per se---of advertising
with explanations of the subliminal embed (s), the implied
message, and the advertiserâs intention. (2)
Failed to provide any or adequate examples of subliminal ads.
Fails to differentiate between true subliminal embeds and
20. simply âsexy ads.â (0)
Task 2
Essay of 750 to 1000 words makes a claim about the concept of
subliminal advertising and supports that claim with research
from 4 scholarly journals. (4)
Essay of 500 words makes a claim about the concept of
subliminal advertising and supports that claim with research
from 2 scholarly journals. (2)
Essay of less than 500 words with no support from scholarly
research journals. (0)
Task 3
Provides an insightful critique of other two other studentsâ
responses. (2)
Provides an adequate critique of one other student's answers. (1)
Fails to make a serious effort to reply as specified to two other
studentsâ answers. (0)
Week 4 Discussion: Subliminal Advertising
Š2009 University of Texas at Arlington
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