Essay on Role of Managerial Accounting - 10330 Words

Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. True False 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. True False 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. True False 4. A controller is normally involved with preparing financial statements. True False 5. The upper limit on the production of goods and services if everything works perfectly is known as practical capacity. True†¦show more content†¦A. Financial. B. Customer. C. Internal operations. D. Learning and innovation/growth. E. None of these. 18. Managerial accounting: A. focuses only on historical data. B. is governed by GAAP. C. focuses primarily on the needs of personnel within the organization. D. provides information for parties external to the organization. E. focuses on financial statements and other financial reports. 19. Managerial accounting: A. is unregulated. B. produces information that is useful only for manufacturing organizations. C. is based exclusively on historical data. D. is regulated by the Securities and Exchange Commission (SEC). E. generally focuses on reporting information about the enterprise in its entirety rather than by subunits. 20. All of the following entities would have a need for managerial accounting information except: A. the state of Michigan. B. Google. C. Abercrombie Fitch. D. HR Block. E. None of these responses is correct, as all of these entities would use managerial accounting information. 21. Which of the following choices correctly depicts whether McDonalds, the University of Wisconsin, and Apple Inc. would have a need for managerial accounting? [pic] A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E 22. Which of the following would likely be considered an internal user of accounting information rather than an external user? A. Stockholders. B.Show MoreRelatedRole Of Managerial And Managerial Accounting1029 Words   |  5 PagesThe role of managerial accounting has played a significant role in the success of businesses dating as far back as the 19th century. Service and production operations during the days of the industrial revolution were not nearly as sophisticated then as they are today. The current initial purpose of managerial accounting is comparable to its purpose throughout history. Managerial accounting has historically been useful in assisting managers with the information they need to make important decisionsRead MoreThe Key Role Of Managerial Accounting920 Words   |  4 Pagesfocus of Managerial Accounting is to identify, interpret, measure and communicate both information and data relevant to help the organization pursue and achieve its goals. It is also referred to as Cost Accounting and is used to help managers within a company make decisions. It is different than Financial Accounting which is use d predominately by outside sources such as; creditors, stockholders, financial institutions, government agencies and perspective employees. The key role of managerial accountingRead MoreEssay about Role of Managerial Accounting1112 Words   |  5 Pagesaccountant. This essay will seek to prove that through principles of financial accounting, cost accounting and cost management, accountants can control the cost of business rather than change demands of customers. In research, there are three main form of management accounting to control the cost in an organization effectively and efficiently. They are financial accounting, cost accounting and cost management. Financial accounting is used authoritatively to prepare to account information for parties whoRead MoreThe Changing Role of Managerial Accounting in a Dynamic Business Environment1723 Words   |  7 PagesCHAPTER 1 THE CHANGING ROLE OF MANAGERIAL ACCOUNTING IN A DYNAMIC BUSINESS ENVIRONMENT Learning Objectives 1. Define managerial accounting and describe its role in the management process. 2. Explain four fundamental management processes that help organizations attain their goals. 3. List and describe five objectives of managerial accounting activity. 4. Explain the major differences between managerial and financial accounting. 5. Explain where managerial accountants are locatedRead MoreChapter01.the Changing Role of Managerial Accounting in a Dynamic Business Environment4441 Words   |  18 Pagesabout managerial accountants is false? A. Managerial accountants more and more are considered business partners. B. Managerial accountants often are part of cross-functional teams. C. An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments. D. In a number of companies, managerial accountants make significant business decisions and resolve operating problems. E. The role of managerialRead MoreManagerial Accounting1152 Words   |  5 PagesManagerial Accounting 12/3/15 Managerial Accounting Accounting is a crucial part in running a business. There are various forms of accounting that can be used, it is very important to know which technique is best to use for what companies. Once you figure out a particular technique to use, it is important to keep an open mind if there are any changes that need to take place in the business. By keeping an open mind helps the business adjust and be able to make the right decisions. Every businessRead MoreFunctional Areas of Business1020 Words   |  5 Pagesareas of business are management, law, human resources management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. Although, all of the functional areas are essential to the success of a organization, two areas stand out as key to getting the business started and keeping it profitable, and they are human resources management and the accounting area (University of Phoenix, 2013). The Human Resources Management (HRM) areaRead MoreManagerial Accounting And The Certified Management1408 Words   |  6 PagesManagerial accounting is used by an organization to ensure informed decisions are made regarding current and future operations. Businessmen and women must have the ability to comprehend financial information provided to properly determine the correct course of action. In the global market of today, an organization’s inability to accurately determine the best course of action can lead to financial ruin for the company. Uninformed decisions by leadership can derail a business’ prospects for successRead MoreEthical Issues Of The Managerial Accounting Profession1186 Words   |  5 Pagesissues in the managerial accounting profession discipline. But first the essay will display the nature of the managerial accounting and its working environment, then shed the light over the business ethics attributes and then, the essay will integrate the two par ts to show the effects of business ethics in for managerial accountant, to show some guidelines for managerial accountant to follow in terms of business ethics and some bad ethics they must to ignore. Managerial Accounting nature The managementRead MoreManagerial Accounting Hilton Quiz1 Answers1526 Words   |  7 PagesLO 1. | | 2 INCORRECT | | Which of the following statements is true? | | | A) | Managerial Accountants are number crunchers who provide critical information to decision makers but do not themselves contribute to the decision making process. | | | B) | The role of the managerial accountant has not changed in the last twenty years. | | | C) | Managerial accountants play an integral leadership role on an organizations management team. | | | D) | The activities performed by the management

Primate Observation - San Diego Zoo Essay - 2026 Words

Mark Mariano Professor Guenther Anthropology 131 November 25, 2012 Primate Observation Primates are one of the most interesting mammals on earth, not only because of their complex social structures, but because they hold so many similar characteristics to humans. Primates are often cited as our closest living relatives and on two separate occasions I observed four separate species of primates at the San Diego Zoo that can justify their use of their physical characteristics and behaviors that may be similar as well as different to the other primates and ours. The first group of primates I mainly observed were the Bonobos, also known as the pygmy chimps to many. On this occasion a youngster running†¦show more content†¦After about 10 minutes, he is abruptly bothered by the youngster who is running on his knuckles towards the male and runs back up the hill as if he is taunting him. The youngster does it about 3 mores times within the next 7 minutes and perches upon the hill in the same position as the silverback, except he is bended at the knees in squat position. In my second visit, I return to the gorilla exhibit for about 10 minutes to see a female unknown if related to the previous observation in submission. She is found crouched to the floor with her elbows on the ground and hands extended out and her butt perched up. Her hind legs are also bent and position to help support her butt. Three minutes upon observation, a silverback male comes running on his knuckles from another part of the exhibit and mounts the female. He positions himself on his knuckles to provide him support and continues with the sexual intercourse, in which I conclude my observations. Gorillas are the largest group of primates and although they are known as being bipedal, similar to humans and other primates, they often use knuckle walking to move around. On observation, they have seems to have a more robust front appearance than their hind legs and behind. Their cranium is taller than other primates and lower mandible more protruding than their snout. They also have human-like ears that are parallel to their eyes and are small in size. They haveShow MoreRelatedPrimate Behavior a Study of Orangutans and Mandrills Essay1562 Words   |  7 PagesDuring my research of Orangutans and Mandrills I observed them in captivity at the San Diego Zoo. My observations included a 20 minute observation of each primate as it cohabitated with other Primates and with other members of its own species. My findings will support the res earch of Orangutans and Mandrills through firsthand observations. My observation of the orangutan habitat was on a sunny and hot day with the average temperature being between 65-70F. The Enclosure for the orangutans was aRead MoreGorilla Gorillas And Western Lowland Gorilla Essay1991 Words   |  8 Pagesswamps, and tropical and subtropical forests (San Diego Zoo Global 2006; World Wildlife Fund n.d.a.). Table 1. G. gorilla gorilla Taxonomy Suborder Haplorhini Infraorder Simiiformes Superfamily Hominoidea Family Hominidae Genus Gorilla Species G. gorilla Subspecies G. gorilla gorilla Source: Primate Info Net (Cawthon Lang 2005) Western lowland gorillas are sexually dimorphic with the male gorillas being about 2 times as large as female gorillas (San Diego Zoo Global 2006). Male gorillas are 400–500 poundsRead MorePrimate Essay1472 Words   |  6 PagesAnthropology 101 May 17, 2014 Zoo Assignment Monkeys and humans have been compared for years, we have all heard the expression â€Å"Monkey see, Monkey do†. Analyzing individual primates at the Santa Ana Zoo was quite an experience because when I use to hear monkeys I use to only picture one certain appearance and that was a brown monkey with a light brown face, and a long tail. Moneys are not just monkeys, humans aren’t just humans, and apes aren’t just apes they are all primates which is a mammal that hasRead MoreAnthropology : The Field Of Linguistic Anthropology912 Words   |  4 Pagesthe incredible opportunity to study the primates at the San Diego Zoo. The assignment was to choose two primate species to focus on: one species from the old world and one from the new world. I decided to observe the tufted Capuchins and the Bornean and Sumatran orangutans. My classmates and I were to describe the primates’ appearances, behaviors, eating patterns, and to paint a picture of specific encounters t hat occurred during the time of our observations. The most poignant takeaway from thisRead MoreThe Analysis : Roger Williams Park Zoo Essay1246 Words   |  5 PagesIntroduction Pygmy Marmosets live in the amazon regions in South America. They can be found in countries like Brazil, Colombia, Peru, and Ecuador (San Diego Zoo). An average adult Pygmy Marmoset averagely weighs somewhere near 3.5 ounces. This makes them the world s smallest monkey but not the smallest primate, getting beat out by the Mouse Lemur. Pygmy marmosets confined their movements to the understory of a dense liana forest, where they largely utilized lianas and tree trunks, showing a strongRead MoreSimilarities Between Primate And Primate Behaviors And Social Structures Essay2106 Words   |  9 PagesI watched several documentaries which allowed me to observe different species of primates living in their natural habitats. I took notes of what I saw and researched information on the species to fully understand the meaning of each discernable behavior. The first documentary that I watched was made by KPBS San Diego and allowed me to observe a community of Bonobos living in their natural hab itat in Congo. Second documentary that I watched was a BBC documentary which allowed me to observe a smallRead MoreDocumentaries Viewed For The Project2378 Words   |  10 Pagescom/watch?v=LEKU9ji_0nE I searched, found, and viewed several documentaries which allowed me to observe different species of primates living in their natural habitats. I took notes of what I saw and researched information on the species in order to fully understand the meaning of each discernable behavior. The first documentary that I watched was diffused by KPBS San Diego and allowed me to observe a community of Bonobos living in their natural habitat in Congo. Secondly, I watched a BBC documentaryRead MoreAn Scientific Observations Of Modern Times1551 Words   |  7 Pagesanimal through her binoculars, the chimpanzee carefully took a twig, bent it, stripped it of its leaves and finally stuck it into the nest. The chimpanzee began to spoon termites into his mouth. Jane Goodall made one of the most important scientific observations of modern times in that remote African rainforest: something other than a human had just made a serving tool! â€Å"It was hard for me to believe,† she remembered, At that time, it was thought the humans, and only the humans, used and made tools. I

The Essay Nursing Samples Chronicles

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SOAP Management Designing And Development

Question: I am working with group project. the topic of the project is making soup. my section is process description. the most important thing in my section is the flow diagram. Answer: Process mock up is very necessary in process of production and also have certain things like time management. If there is proper management in time less waiting lines are there and customers are also happy. This part is called simulation and is good for planning. Resources usage is a part of simulation as if the person is in right job he can do it in excellence way. If a product has not been changed regularly the customers are bored with the product and move with the new product, changes in shapes and even compromise with the cost to attract their customer so that they remain for them forever. If the customer is gone then its difficult to attract again towards them. Sometimes toys are the main attraction for the customer as children love them and for that also they come to eat and thus more profit for the company. These investments are less and profit is more. Even by redesigning the project can make changes and even employees can be more creative. By giving incentives to the best person can also lead to competition and thus more improvement in work. By giving proper training to the employees can also lead to the success and which gives good quality of product. Many questions are to be answered like when the process will be completed. Just in Time purchases is mostly used in inventory cost reduction and efficient use of inventory. It also ensures less wastage of materials and effective use of resources. Extranet is used to streamline the communications between the business and the consumers. Different industries use different ways of extranets depending on the nature of the business. Extranet is beneficial for both the business owner and the vendor of the materials. It makes the loading and unloading of the inventory feasible. Extranet in manufacturing companies also makes the transfer of documents which run on thousands of pages directly into the print format which is very easy for the vendor to understand. Various network issues such as manufacturing the product, financial matters, designing and development , online catalogues etc. should be reviewed to make extranet successful for both the business and the vendor. Extranet also makes it convenient for the vendor to buy and deliver the material (Davidson, 1953). The process of strategy making is depicted through a model which consists of different phases. Strategic management is very important in every organization. The strategic management in an organization should be managed by experts who have vast knowledge of managing strategies. Strategic management means determining the basic long term purpose of organizational goals and objectives. Strategies can be designed by the organization for various purposes. It can be designed for marketing a product. Positioning a product or to take the organization to an upgraded level. The basic process of strategic management is defining the strategic intent of the organization, strategic intent includes defining the vision, mission, business definitions, business models along with the organizational goals and objectives. After defining the strategic intent for the organization, the organization should formulate the strategies; they can incorporate business level strategies, corporate level strategies, th e organization can even do the strategic analysis and strategic plan. The organization can also apply SWOT analysis (Strengths, weaknesses, opportunities and threats) of the organization which will help them to understand the organization powers in a better way. Manufacturing of SOAP Soap is a combination of animal fat or plant oil and caustic soda. Soap production raw materials are fat and alkali. Now a days soap makers use fat that has been processed into fatty acids. Many vegetable fats, including olive oil, palm kernel oil, and coconut oil, are also used in soap making. Additives are used to enhance the color, texture, and scent of soap. Fragrances and perfumes are added to the soap mixture. The above illustrations show the kettle process of making soap. The kettle method of making soap is used by small soap manufacturing companies. This process takes from four to eleven days to complete, and the quality of each batch is inconsistent due to the variety of oils used. Kettle method follows the below steps of production Boiling: -First the Fats and alkali are melted in a kettle. Kettle is a steel tank that can stand three stories high and hold several thousand pounds of material. Steam coils within the kettle heat the batch and bring it to a boil. After boiling, the mass thickens as the fat reacts with the alkali, producing soap and glycerin. Salting: -Now the soap and glycerin is separated in this process. The mixture is treated with salt, causing the soap to rise to the top and the glycerin to settle to the bottom. The glycerin is extracted from the bottom of the kettle. Strong change: - To remove the small amounts of fat that have not saponified, a strong caustic solution is added to the kettle. This step in the process is called "strong change." The mass is brought to a boil again, and the last of the fat turns to soap. The batch may be given another salt treatment at this time, or the manufacturer may proceed to the next step. Pitching: -The last step is called "pitching." The soap in the kettle is boiled again with added water. The mass eventually separates into two layers. The top layer is called "neat soap," which is about 70% soap and 30% water. The lower layer, called "nigre," contains most of the impurities in the soap such as dirt and salt, as well as most of the water. The neat soap is taken off the top. The soap is then cooled. Development takes time to adjust and initiate profits therefore the company should wait until the development gives thoseprofits. Companies have a huge experienced of development in their organization hence they are very well prepared beforehand for the change that they will be experiencing. New opportunities can be created by entering into business partnerships a new activity. Business in Partnerships is the best form. There are various pros and cons for every type of business. Trust factor is more important in any type of business we take up. Partnership is the best form because it gives a feeling of support and leads a helping hand during our difficult time. The disadvantage of this partnership is that if we are making huge profits in our business our own partner can be our competitor by opening up his own firm. The alternative forms of ownership can be decided by our own experiences in the business and by the profits and losses made in the business. Analyzing the problem is the f irst step we should take when we recognize the problem. Once we have done the analysis, instead of regretting at the problem we should find out a solution for the same. We should also take proper measures so that the same problem is not occurred or is repeated again in due course of time. Problem should not be taken as negative we should take it as a new opportunity for making things better. We should not waste time in how the problem got created; instead we should invest time in finding a better solution for the problem. References: Davidson, J., Better, E. J., Davidson, A. (1953). Soap Manufacture, Vol. 1.New York: Interscience. Wigner, J. H. (1940). Soap manufacture; the chemical processes. "Packaging molten soap." U.S. Patent 2,031,853, issued February 25, 1936.