Generational accounting

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    income that everyone in the economy is earning. There are usually two ways to measure economic growth, GDP and GNP. 2) GNP (gross national product) refers to a country 's nationals have all the elements of production in a certain period of time produced by the final product of the market value. By contract, GDP, gross domestic product refers to the market value of all the final products (goods and labor) produced by the economic society for a certain period of time. Is a regional concept. Compared to GNP, GDP is easier to measure accurately, and can better reflect the employment situation in a region. Therefore, the economic growth in a particular area, usually used to the GDP measure method to assess. 3) GDP specific adjusts method, is accounting for the sum of consumption (C), business investment (I), government purchase (G) and net exports (NG) in a country or region during a given period of time. The calculation formula of GDP is as follows: (1) Consumption: including the purchase of goods (mobile phone, clothes) as well as services (health care, hairdressing). (2) Business investment: means the increase or update of capital asset expenditure, including investment in fixed assets such as housing and inventory investment. (3) Government purchase: is intended to the government expenditure on goods and services, also the payment to government employee belong to government purchase. (4) Net exports: is the gap between import and export. Use the GDP…

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    want to choose ERP tools that will help them address problems regarding manufacturing, distribution, or supply chain management. If they sell services, they might decide to go with ERP tools that support service engagements and field services. An ERP system can be customized to fit the needs of your company. Along with the capability to choose and pick which ERP tools you would like to use, ERP systems are also equipped with a core set of components that most companies need in order to operate.…

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    Technology In Accounting

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    The theory of accounting has been around for thousands of years. Accounting, also known as the language of business, is an information science used to collect, classify, and manipulate financial data for organizations and individuals, which has changed a lot throughout time. This field was established in 1494 by Luca Pacioli, an Italian mathematician. Throughout all these changes that have occurred since 1494, technology has become a major part in an accountant’s job. The advancement of…

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    Sherron Watkins, former vice president of Enron Corporation, plays a pronounced part in the history of whistleblowers who blew the whistle on corporate companies. Sherron Watkins blew the whistle on Enron in 2001 by sending a memo to Kenneth Lay, the founder of Enron, giving caution she knew the company was at a great risk of finding themselves in a dilemma. The dilemma would be the product of many financial accounting scandals. Enron is a company that buys and sales energy from different…

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    Wall Street Burger Case

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    Page 1 of 4 General Findings After completing CVP analysis, breaking down the variable and fixed cost structure, and understanding the special order, I believe that going to a fixed cost structure would be in the best interest of the company. Outlined are the risk associated with this change, the probability of reaching the projected net income, and the results of the special order. Comparison of Cost Structure As suggested, Wall Street Burger Shoppe used the fixed cost structure in the months…

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    J. (2013) Common financial statement fraud schemes. Retrieved from https://www.google.com/?gws_rd=ssl#q=common+financial+statement+fraud+schemes+by+jamal+ahmad Cernusca, L. (2011). Ethics in accounting: The consequences of the Enron scandal. Agricultural Management, 13(3), 35-42. Retrieved from http://eds.b.ebscohost.com/eds/detail/detail?vid=2&sid=59e976ea-caa3-4b98-a718-e29420909cda%40sessionmgr114&hid=120&bdata=JnNpdGU9ZWRzLWxpdmU%3d#AN=67096081&db=bth Giroux, G. (2008). What went wrong?…

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    the operating managers can use ABC to classifying the activities into value added or non-value added item. Thus, the AMB can be advice the operation department to adjust the operation mode to gain more competitive advantages. And, they can use the Activity Based Budget (ABB) to forecast the next quarter costing of product in more faire value. References 1. The Choi Fung Hong Company Limited. http://www.choi-fung.com/chinese/profile.php. 2. Andrew L Friedman and Stephen R Lyne. Activity-Based…

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    6,500 different software programs on file, of which 1,300 were programs developed in the past year. ETO also had an inventory of 1,500 tools and fixtures, of which 300 had been developed in the past year. The large number of tools and fixtures allowed the testing of components with a wide variety of leads, pin combinations, and mating configurations. Do The testing facility was divided into two rooms. The main testing room contained the equipment used for electrical testing. The…

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    The purpose of this paper is to incorporate biblical principles to this course of Managerial Accounting. Being a Managerial Accountant requires a person to be responsible for other’s money in which God has appointed and entrusted that person. Every part of the accounting process requires the appointed person to be a good steward. In biblical times, Jesus told this parable in Luke 16:1-2, “There was once a rich man who had a servant who managed his property. The rich man was told that the…

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    Excel Not a Reliable Software for Accounting In 1,987 working with my father at his office, it was available pencils, papers and a printing calculator for accounting and that took forever. Then computers were implemented, and Excel made accounting easy. Still Excel needs for the user to create spreadsheets required for accounting. Accounting had evolved in the last years from manual to computerized systems. The use of Excel, which is considered a manual system in business, is not reliable for…

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