ch01 a - CHAPTER 1 THE ACCOUNTANTS ROLE IN THE ORGANIZATION...

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CHAPTER 1 THE ACCOUNTANT’S ROLE IN THE ORGANIZATION 1-1
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1-16 (15 min.) Value chain and classification of costs, computer company. Cost Item Value Chain Business Function a. b. c. d. e. f. g. h. Production Distribution Design of products, services or processes Research and Development Customer Service or Marketing Design of products, services or processes (or Research and Development) Marketing Production 1-21 (15 min.) Five-step decision-making process, manufacturing. Action Step in Decision-Making Process a. b. c. d. e. f. g. Obtain information Make predictions about the future Identify the problem and uncertainties Implement the decision, evaluate performance, and learn Make predictions about the future Make decisions by choosing among alternatives Obtain information 1-30 (30 min.) Professional ethics and earnings management. 1. The possible motivations for Harvest Day Corporation’s CEO to “manage” earnings include (a) Manage the stock price. Harvest Day’s CEO wants to meet the forecasted earnings number of $1.34 per share because the CEO believes that the stock price will drop if actual earnings fall short of the forecast . (b)
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ch01 a - CHAPTER 1 THE ACCOUNTANTS ROLE IN THE ORGANIZATION...

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