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Topic 1: Ethics and budgeting
Budgeting is generally regarded as an essential technique for planning and controlling an organisation's activities. However, budgeting systems can also create incentives for unethical behaviour.
Using examples to illustrate your discussion, explain:
Topic 2: Accounting for overhead
Modern manufacturing processes are typically characterised by large-scale automation, with machines replacing people. Consequently, manufacturing overhead has often become a much more significant component of total manufacturing costs and this presents a particular challenge for cost and management accountants. Competitive pressures make it essential that firms have accurate and up-to-date cost data, but overhead is an indirect cost and allocating it to individual products and product lines will always involve subjectivity and estimation.
Discuss the difficulties associated with allocating overhead costs in the contemporary manufacturing environment and identify strategies that firms can adopt to help make their overhead allocations more accurate and reliable.
question at the time of his death on september 2 2012 kenneth owned the subsequent assetsfair market valuecity of
Orbit Corp. issued a $400,000, 10%, 15-year mortgage on January 1, 2007, to purchase warehouses. Semiannual Interest Period Cash Payment Interest Expense Decrease in Principal Principal Balance (10% x 6/12)January 1, 2007 $400,00 June 30, 2007 $26,02..
What strategic objectives this Information System address and in each strategic objective (from answer 1), how does Information System improve business process?
Prepare the journal entry to record the transaction of December 31, 2009, for the Hurly Co and assuming Hurly Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2010.
These dividends are paid on 7/1/12. For period of 1/1/12 to 12/31/12 Company XYZ has a net loss of $600,000 and market price of its shares is $12 for each share.
Advise whether there have been any breaches of the directors' duties in relation to insolvent trading. Also advise whether any defences are available to the directors
Prepare general journal entries to account for the capital contributed by the partners. Include narrations and prepare a statement of financial position on the day of formation.
andrew brian colin diana and elizabeth were the directors of gemsales pty ltd a company engaged in the business of
Evaluate approximate Activity Cost Driver Rates (ACDR) for the drivers you have chosen.
Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on Marc..
How many meals must the Homs serve each night to earn their target income of $75,600? Should the couple open the restaurant?
Determine the total fixed cost per month
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