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Cost And Management Accountant Roles

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Question: Discuss about the Cost and Management Accountant Roles.     Answer: Even in less service-centric industries — such as ship building — where very large multiyear and capital intensive projects are needed to deliver the end product, you fully expect that the project is managed by tapping into pools of visionaries, planners and builders who know the shipping industry and are excited about doing their small par...

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Innovation In Evolution Of Management

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Question: Discuss about the Innovation in Evolution of Management.     Answer: Introduction: Computer World needs to consider certain factors at the time of making credit sales decision and these are evaluated briefly as follows: The first factor is the effect on sales revenue. The main reason behind granting credit is that the customers might delay in making payments (Coad, Jack and Kholeif 2015). This would help in winning ...

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Singapore Telecommunication Limited Company

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Question: Discuss About The Singapore Telecommunication Limited Company?   Answer: Introduction The report is about an international company i.e. Singapore Telecommunication limited which is popularly known as SingTel. The report will discuss the business environment which can have a major impact on the financial performance of the SingTel. Along, with this, the report will provide recommendations for the company to improve its co...

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Cost Effective Environmental Management Solution

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Question: Describe about the "Cost Effective Environmental Management Solution".    Answer: Cost Variance Analysis: Cost variance analysis can be defined as the analytical process to ascertain the various reasons for the differences in the actual expenses and the budgeted expenses of an organization on a specific period (Kaplan and Atkinson 2015). As the total cost structure involves different types of cost, the variance can be ...

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Bifurcation Of Costs Uniform Manufacturing

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Question: Discuss About The Bifurcation Of Costs Uniform Manufacturing.   Answer: Introduction: J & B Sports is a sports uniform manufacturing concern. The present case deals with only one product segment of the firm and i.e. Jerseys. The different scenario cases of sales and costs are analyzed in the present case. Bifurcation of different costs of the business: The variable costs are those costs that changes with the change...

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Management Accounting: Global Reporting Standards

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Question: Discuss about the Management Accounting for Global Reporting Standards.   Answer: Potential Area of Improvement in GRI Standards The main purpose of this assessment is to analyze the Global Reporting standards which are commonly known as GRI standards. The reporting framework covers significant areas which are related to environmental, social and economical consideration. The major benefit which is associated with the ...

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Analysis Of Financial Ratios Measuring Performance

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Question: Discuss about the Analysis of Financial Ratios Measuring Performance.     Answer: Introduction: The overall assessment mainly helps in identifying the overall financial viability of Maple Builders Ltd and Alpine construction. In addition, relevant recommendation is mainly conducted to BC Ltd for improv their financial performance and minimises the negative impact from declining sales revenue. Relevant suggestion is mai...

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Fundamentals Of The Cost Benefit Accounting

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Questions: 1. Calculate the following variance: Direct materials price and quantity (Efficiency) variances Direct labour rate and efficiency variances Variable overhead spending and efficiency variances Fixed overhead spending and production volume variances 2. Discuss your results and provide Rafael with recommendations on whether some of the variances should be investigated further.   Answers: Answer 1 Answer i: Direct...

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Management Accounting: Journal Of Operational Research

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Question: Discuss about the Management Accounting for Journal of Operational Research.    Answer: Every business organisation has to incur various costs to manufacture or produce the products and services in which it is dealing. To determine the prices of such goods and services it is necessary to figure out the accurate cost involved in their production.  Management accounting deals with the study that sets out the mann...

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Workplace Considerations For Members In Business

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Question: Discuss about the Workplace Considerations for Members in Business.   Answer: Manufacturing cost flows Cost of goods manufactured schedule Opening work in progress    $     6,20,000.00 Direct material     Opening raw material inventory  $     4,86,000.00   Add: Raw material purchases &n...

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Management Accounting Assignment

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Questions: a. A plant manager recently made the following statement at a team meeting: ‘No bean counter knows enough about my responsibilities to be of any use to me. As I see it, our accountants may be needed to keep records for shareholders and the Australian Tax Office, but I don’t want them sticking their noses in my day-to-day operations.’ Required: As a management accountant, provide a suitable reply to the plant manage...

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Costing Case Analysis: Activity Based Costing

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Question: Discuss about the Costing Case Analysis for Activity Based Costing.   Answer: Introduction:  This project covers various aspects of costing analysis. The costing analysis will help to eliminate ambiguity in calculation of the product cost based on the formulas. The assessment of the product cost can be either based on conventional costing method or based on ABC or Activity Based Costing. The activity based costing ...

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Management Accounting For Decision Making Process In AVN Plc

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Questions: 1. The purpose of management accounting and the relative Importance of using management accounting tools over financial accounting, for furthering company’s growth and profit? 2. Different classification of costs namely on the basis of type, function, behavior and relevance and the implications of the cost classification for pricing? 3. Importance of the cost –volume profit in decision making activities of AVN plc? 4. T...

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Purpose Of Management Accounting

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Questions: Indicate the main purposes of management accounting and its relevance to the management of organisations. Evaluate the main cost structures of organisations and methods of their calculation. Determine appropriate methods of calculating break-even, profitability and capital input costs.   Answers: Management Accounting 1. Purpose of Management Accounting The purpose of management accounting is to plan for the future needs o...

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Jones Blair Case Study

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Questions: 1. How might one characterize the architectural painting coatings industry and Jones Blair's trade area? 2. How might one segment Jones Blair's market area? 3. Which segment(s) represent opportunities for Jones Blair? 4. What is Jones Blair's competitive position in its market area?   Answers: Executive Summary This is a comprehensive case analysis of Jones Blair Company. Jones Blair is a manufacturer of paint coatings loc...

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