Accounting scandals

Proposed Methods The fieldwork for this study will be conducted along the Gulf Coast region in the state of Florida, otherwise known as the panhandle, which contains Pensacola Beach. The group will break up Pensacola Beach into four sections: 1) Casino Beach, 2) Avenida 18, 3) Portofino Beach, and 4) parking lot H (figure 1). The reason why Pensacola Beach was broken into four parts is to the parts which are Casino Beach and Portofino Beach are more tourest-based whereas, Avenida 18 and…

Due to the 150,000-brochure printing capacity, the special order from Abbie Jenkins should not be accepted. Fineprint would see a $250 savings due to the absence of a sales commission expense. The sales commission does not cover the loss of income from selling the brochures at $10 per 100 brochures instead of the usual $17. Fineprint Company is set up to lose $1,750 if they accepted the offer and $1,500 net, creating a negative variance. It should also consider the opportunity cost and…

Case Analysis: Political Micro-Targeting Operational decision-making systems are structured, common and are used day to day. Managerial decision-making systems are semistructured and are used when established processes aren’t present and changes may need to be made. Strategic decision-making systems are unstructured, uncommon, and are used to develop and support long-term business strategies. Obama’s campaign team used all three primary decision-making systems to help secure vites from swing…

In this paper, it will be argued that Cadez’s (2011) Strategy, strategic management accounting and performance: A Configurational Analysis, is an interesting but challenging piece of research. The argument will be developed through a critical review of Cadez’s paper, discussing in turn its research methods, and practical implications. The paper reports a study of 254 of the largest Slovenian manufacturing companies although only 109 were usable. The research is concerned with manufacturing…

The purpose of accounting is to identify, record and provide financial information concerning a business. An effective accounting system is one of the most crucial aspects of having a successful business. No matter what type of business it is or how large or small it may be, accounting will play an important role in its overall success. Even though accounting systems can be traced back for thousands of years and have developed in many different ways over time, todays businesses primarily use…

Concepts of CVP (Cost Behaviour Analysis?) Contribution Margin Contribution margin (CM) is a cost accounting concept that allows a company to determine the profitability of individual products (Investopedia, 2015). In short, it is equivalent to the revenue less the total variable cost (Horngren, Datar, & Rajan). The CM per unit measures the amount of each unit sold contributes to cover fixed costs and increasing profit and also considers what happens when sales and production increase by one…

Riordan Manufacturing has identified a need to integrate their accounting information systems. For the revenue cycle, the hardware and software selection requirements are described in the following paper. The process includes answering important questions regarding internal controls, the persons who require access to the different types of information, and what types of reports should be generated. Finally, the decision on where the accounting information should be stored will be discussed.…

With this in mind, Sheryl explained that Cost-Volume-Profit (CVP) analysis would be useful to Thomas after he gathered some basic information about costs, revenues, and units of service. She explained that CVP is a fundamental management accounting tool that is useful for planning, control, and decision making. It explores important relationships between costs, volume or activity levels, and…

1.1 Purpose The purpose is to analyse an issue regarding the cost allocation among divisions and how to better allocate the maintenance service cost internally and enhance the efficiency and motivation of their performance. 1.2 The issue The method provided by Johnson leads issue to the Delta Division because it cannot be implemented in an optimal manner. Additionally, Johnson promised that the Delta Division only needed to pay $10,000 monthly after the conversion of its maintenance service…

Anagene Inc., a genomics instrument company, manufactures Anagene Cartridges (a device that analyzes both single nucleotide polymorphism (SNP) and short tandem repeat (STR) forms of DNA for experimental use to find the best way to fight a specific diseases). The President and CFO of the Anagene, Inc., Gerald Kelly, currently faces difficult issues in predicting future profits from fluctuating gross margins. At the January 2001 board meeting, Kelly was questioned about the 40% increase in…