Do you think economics plays a part in determining a company's sales mix
and how much impact do you think the sales mix will have on pricing
policies? Give some examples as part of your explanation.
The relative amount purchased o
Week 1 DB Topics
DB TOPIC 1
Describe one of the corporate accounting scandals (except Enron) that rocked the
U.S financial community during 2001 and 2002 that led Congress to pass
the Sarbanes Oxley Act. Discuss an authoritative reference sources' views o
Over the past several decades, thousands of business firms have accounted for
their investments using the equity method. Recently, however, the equity
method has come under criticism. Discuss some of these criticisms. Do you
agree with these criticisms? W
Discuss how the IMA's Code of Ethics affects the ethical behavior of accountants.
Give a specific example that you may encounter as an accounting manager and how
you would handle that situation based on the Code to support your answer.
The IMAs Co
DB Topic 1
Give an example the strengths and weakness of using standards for planning,
controlling, and decision making and how do standards relate to overall cost
The management process is defined at activities that involve planning, controll
Week 2 Discussion Board Topics
Research using the KU library and find a current article that discusses
budgeting from an accounting prospective. Do you agree or disagree with the
author and why? Be sure to use proper APA format.
The article I rese
Most homework assignments are done through
CengageNOW. An access code is packaged with your textbook
if it was purchased from the online bookstore. There is also a
Course Key provided below that is specific to our classroom in
CengageNOW. If you need help
Week 1 Chapter Assignments
Most homework assignments are done through CengageNOW.
An access code is packaged with your textbook if it was
purchased from the online bookstore. There is also a Course
Key provided below that is specific to our classroom in
Dr. Joan Cezair
COST ESTIMATING TECHNIQUE
Cost estimates are considered assessments of cost
that are supposed to be reasonably expected
during the project
Cost are estimated for all the resources a project
ABCs of Batch
Dr. Joan Cezair
referred to traditional costing
order costing is accumulated by jobs, orders &
contracts (Herman, Lin & Pundoor, 2003)
order costing needs a full understa
Dr. Joan Cezair
Between the IASB and the FASB the decision to choose
a proper accounting standard can be very difficult
The IASB as well as the FASB are looking into having
one set standards for all interna
Explain the differences between absorption and variable costing. Find an example in
another source besides your book of the variable costing contribution format income
statement and then show the absorption costing income statement. Explain the
Dr. Joan Czeair
April 23rd 2017
When it comes to the proper standards for accounting, there are many rules and
regulations to follow that ensure as an accountant
Why do companies use a predetermined overhead rate rather than actual manufacturing
overhead costs to apply overhead to jobs? Explain under applied and over applied
overhead and tell about the adjustment that is made at the end of the period. What is a
Price Tags on Technology: No
Dr. Joan Cezair
Technology = Greek word techn which is arts
& craft as well as the word logos which means
word or speech (1998)
17th century technology was used to describe
In what way does ABC product costing differ from traditional product cost methods?
Explain why ABC often reveals existing product cost cross-subsidization problems. How
can ABC be used to improve profitability? List and discuss some of the limitations of
What is unit contribution margin? How is it used in computing the unit breakeven point?
What is contribution margin ratio and when is it most useful? How is the breakeven
equation modified to take into account the sales required to earn a target profit?
Why do we say differential analysis is the key to decision making? Explain the difference
between relevant and irrelevant costs by using examples. Cover the topics: adding or
dropping product lines, make or buy decisions, and sell or process further decis
Name some of the benefits of budgeting. Which term is used for a set of budgets? List
and explain the budgets in the set for a manufacturer or a merchandiser. Which budgeted
financial statements are included in the set of budgets? What is meant by the ter
INTERNATIONAL FINANCIAL REPORTING
BUSINESS MAKES DIFFERENT FINANCIAL REPORTS
IASB STANDS FOR INTERNATIONAL ACCOUNTING STANDARDS BOARD.
FASB STANDS FOR FINANCIAL ACCOUNTING STANDARDS BOARD.
THE IASB AND THE FASB WILL WORK TO MAKE A SINGLE
ACTIVITY BASE COSTING
THE CONCEPT OF ACTIVITY-BASED COSTING
ABC SYSTEM FIRST ACCUMULATE OVERHEAD COST FOR EACH
ASSIGNS THE COST OF THE ACTIVITIES TO THE PRODUCTS, SERVICES, OR
THE ASSIGNMENTS ARE ASSIGN BASE ON WHAT
The Budget is an estimate prepared in advance of the period to which it relates.It is an instrument
used by management in planning its future activities. The benefits of budgeting are as follows:
1. It guides the management in policy formulation.
2. It ai
Managerial accounting provides the information needed to fuel the decision-making
process. Managerial decisions can be categorized according to three interrelated business
process: planning, organizing, and controlling.
Planning is the process by which a
The difference between relevant cost and irrelevant cost.
The Cost which is particularly assigned to a decision by the management.and associated to either
of the alternatives.
The Cost which is associated in both or all of
Differential analysis in this context means calculating the difference in
revenues and costs for various alternative courses of action. These
differences are the basis to select the best alternative. Thus, differential
analysis is the key to the decision.
Decrease Supplies with a:
Decrease Machinery with a:
Decrease Utilities Expense with a:
The account classification for Equipment
There are many advantages and disadvantages of control systems in business management. These
control systems should be thoroughly examined and applied in order to be a successful manager
and have a business run smoothly. The types of control systems are b
The basic of plant wide and departmental overhead costing:
Budgeted overhead cost are accumulated into plantwide or departmental pools and
predetermined overhead rates are calculated.
Predetermined rate use unit level drivers such as direct labor hours