Management accounting

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…

It has been relatively known that a society cannot prosper without the careful consideration of the past when making decisions for the future and Andrew Carnegie strongly believed that. “Because Andrew’s lifetime spanned two worlds, before and after mechanization, his actions continuously manifested an ambivalence rooted in his double exposure to the old world among the cottages, glens, and firths of Scotland and the new world among of smoky factories in America.” (Andrew Carnegie 13) Most of…

We make many decisions in our lives from small, daily decisions to major life decisions. The majority impact us economically. Fiscally responsible people often take the cost-benefit principal into account when making economic decisions. The principle first assumes people are rational and so, their goals are rational. It then states, one should only take action when the benefits of that action are as least as high as the costs associated with the action. I wondered what the outcome would be…

and process costing have the primary purpose of allocating material to be used, labor force and overhead cost to products. They both also provide ways of computing the unit product cost. • Both the two costing systems apply the use of essential accounting systems in manufacturing like in determining manufacturing overhead, raw materials, Work In Progress and finished goods. • In both jobs costing and process costing, the flow of cost through the manufacturing accounts is the same. Differences…

business (Mulhern, 1999). In our case study, KC Corporation manufactures an air-freshening device called GoodAir, which it sells to six merchandising firms. To understand customer profitability (quantitative approach) and ethical issues related to accounting, this paper provides answers to how accountants calculate customer profitability (quantitative approach) and how accountants should act, using a case of KC Corporation. 1. Classify each of the customer-level operating costs as a customer…

Lernout & Hauspie (L&H) was the world’s leading provider of speech and language technology products, solutions, and services to businesses worldwide. Both Microsoft and Intel invested millions in L&H. however, accounting scandals and fraud allegations sent the company’s stock crashing, and forced the firm to seek bankruptcy protection in Belgium and in the US. Selected information was gathered concerning L&H operations: • Consolidated revenue increased 184% from 1997 fiscal year to 1998 fiscal…

In order to compete in such an aggressive environment a larger weight is less effective than being two smaller companies that are nimbler. Management of HPI and HPE gives room to separate revenue into a more manageable process instead of intermingling multiple funds. Having two companies gives more room for improved cash flows and separate entities. After all, these are two completely different…

SATYAM SCANDAL- INDIA’S OWN ENRON The Satyam Computer Services Limited company’s wrongdoing is a corporate scam that occurred in India in 2009 where the chairman, Mr. Ramalinga Raju revealed that the company’s accounts had been falsified. Background In 1987, Ramalinga Raju established Satyam, with his brother and brother in law, for providing software development and consultancy services to large firms. The company became public in 1991 and was listed on the Bombay Stock Exchange (Balachandran…

4. Storage and inventory management 4.1. Chicken: Chicken inventory is for 15 days. Chicken is not stored in the warehouse, in fact there is a separate cold storage area is built for chicken right beside every warehouse in each region. 4.2. Sauces: Inventory for Sauces are stored for around 25 to 30 days depending on the expiry dates and forecasted sales. 4.3. Spices and Herbs: Inventory for spices and herbs are stored according to forecasted sales and the lead time given by the procurement…

Mrs. Wardlaw, I am reaching out to you today to discuss the possibility of fraud within the Apollo Shoes financial statements. After reading through some company documents in preparation of this Audit I have noticed multiple red flags that although in themselves do not constitute fraud outright, they do demand that we investigate this issues further to ensure fraud is not taking place. Through my initial research I believe the possibility of fraud at Apollo Shoes to be very high, and as such we…