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Question :Your Role as an Accountant
Prepare a job description that includes 3-4 typical duties of a managerial accountant.
Identify the primary skills that managerial accountants need to be successful.
Primary Task Response: Your first task is to post your own Key
Assignment Outline for setting up the cost accounting system for the cabinet division to the discussion area so that other students are able to review your plan.
Your document to the main discussion post, and include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft you will complete next week.
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The said paper consists of the roles and responsibilities to be performed by managerial accountant in an organization. It contains how the service of managerial accountant is important for the organisation. This would help the organisation to select appropriate managerial accountant for their organization.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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