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Over the last 30 years, management accountants have made the transition from a "bean counter" to a "strategic partner." The advent of technology has facilitated automation and recordkeeping. As such, the management accountant has been free to develop customized internal reporting which highlight internal strengths, weaknesses, and opportunities for improvement. The recent financial crisis has heightened the need for management accounting expertise, especially for firms which need to downsize operations.
For this discussion:
Using the article "Top 7 Trends in Management Accounting," indicate which trend you believe will be most important to practitioners over the next decade, while our fledgling economic recovery is still tenuous.
Support your position by referencing the original article.
Describe the individual allowance consideration and are some of these allowance considerations normal for most companies?
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how businesses track their income and assets over time
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Use the information below and on page 777 to prepare a statement of cash flows using the indirect method.
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Outline the findings of the various courts of appeal and discuss the severity of the penalties awarded to the management of James Hardie.
For August, a total of 14,000 equivalent sets for direct materials and 12,000 equivalent sets for conversion costs have been computed. Using the FIFO costing method, determine the cost per equivalent set for August.
Prepare a schedule of gross profit (loss) to be reported and prepare the entries for projects A and B only
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