Costing System Process Project Paper details: Part 3: Activity-Based Costing: Activity-Based Costing Video Link: How Small Planes are manufactured 1. Discuss the Activity-Based (ABC) concept: • Define Activity-Based Costing (ABC) concept. • Describe how the ABC costing method works. • Why is the ABC costing method used to manufacture small planes? 2. List at […]
Ethical Issues in Management Control Systems As you have learned this week, effective management control systems align managers’ personal interests with those of the overall company. Such a system provides the procedures and policies ensure a firm’s employees can work to achieve the best possible results, and minimize the opportunities for personal gain and fraud. […]
Data Detective This simulation is part of your Harvard Business School course pack and is open now on the Harvard website. The simulation is designed to help you learn how the operating and financing characteristics of a business are reflected in its financial numbers. You will play a financial detective looking for clues […]
Private Sector Addressing DHS Strategic Plan Goals In the DHS Strategic Plan: Fiscal Years 2020-2024 , the following goals have been established that the private sector can have a direct impact upon: -Counter-terrorism and homeland security threats -Securing U.S. borders and approaches -Secure cyberspace and critical infrastructure -Preserve and uphold the nation’s prosperity and economic […]
principle of accounting You may have heard of the accounting and fraud scandals that flooded the news in the early 2000s. Many of these scandals are examples of large-scale fraud. Fraud can happen to individuals or organizations of any size. Think of a personal or professional situation where you were either involved in or heard […]
Ethics in Accounting Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. You have been recently hired as an assistant controller for XYZ Industries, a large, publically held manufacturing company. Your immediate supervisor […]
principle of accounting Businesses elect to use different accounting approaches. Two of the popular approaches are accrual and cash basis accounting methods. If you opened a small business, would you use the cash basis or the accrual basis of accounting? What factors would you consider in your decision
principle of accounting Businesses elect to use different accounting approaches. Two of the popular approaches are accrual and cash basis accounting methods. If you opened a small business, would you use the cash basis or the accrual basis of accounting? What factors would you consider in your decision
Exclusions from gross income About the exclusions from gross income. Please do the following 1. Pick an Exclusion 2. Explain what that exclusion means 3. Explain the history of how that exclusion made it into the tax code and cite the history 4. Explain the best and worst argument for this exclusion existing.
Restaurant Project 1. Decide on a restaurant that you have recently visited. My suggestion is to pick a locally owned restaurant; however, feel free to select any restaurant. 2. Think about your recent visit to the restaurant from step 1. 3. Think about the various accounts that the restaurant would have/need to operate and how […]
