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ACG 5066 Accounting for Decision Makers

Question

Answered

Task

The course project consists of two parts: 

Part 1

Part 1 will require answering the Management Accounting: Information for Decision-Making and Strategy Execution, chapter end questions (only the questions below) and write a minimum of 3,000 words essay (in APA style, 7th ed.) using  a minimum of 15 external references, and in-text citations explaining:

Chapter 1

1. What is management accounting? (LO 1)
2. Why do a company’s operators/workers, managers, and executives have different informational needs than shareholders and external suppliers of capital? (LO 1, 3)
3. Why may financial information alone be insufficient for the ongoing informational needs of operators/workers, managers, and executives? (LO 1, 3)

Chapter 2

1. Why are both financial and nonfinancial measures necessary to manage a company’s strategy? (LO 1)
2. What is a Balanced Scorecard? (LO 2)
3. What are the four measurement perspectives in the Balanced Scorecard? (LO 2)
4. Explain why the growing importance of in- tangible assets complements growing interest in the Balanced Scorecard. (LO 1, 2)
5. What two essential components should a good strategy have? (LO 3)
6. Why is a clear strategy vital for an organization? (LO 3)
7. What is a strategy map? (LO 3, 4)
8. Define and explain the role of measures, objectives, and targets, in the Balanced Scorecard strategy map. (LO 2, 3, 4, 5)
9. What are the two basic approaches to im- proving a company’s financial performance? (LO 4, 5)
10. Describe two broad approaches that companies can use to generate additional revenues. (LO 4, 5)

Chapter 3

1. What are some different managerial uses of cost information? (LO 2)
2. Explain the difference between variable costs and fixed costs. (LO 1, 2, 3)
3. What does the term contribution margin per unit mean? How is the contribution margin used in cost analysis to support managerial decisions? (LO 1, 2, 3)
4. Explain the difference between the contribution margin ratio and contribution margin per unit. (LO 1,2,3)
5. What does the term breakeven point mean? (LO 1, 2, 3)
6. How are mixed costs and step variable costs similar and different? (LO 1, 2, 3)
7. How do step variable costs differ from fixed costs? (LO 1, 2, 3)
8. What does the term incremental cost mean? (LO1,2,3)
9. Why should decision makers focus only on the relevant costs for decision making? (LO 1, 2, 3, 4)

Chapter 4

1. What has increased the need for cost systems that accurately deal with indirect manufacturing costs? (LO 2)
2. In the context of computing a predetermined indirect cost rate, what is a cost driver? (LO 3)
3. What are predetermined indirect cost rates commonly called in practice? (LO 3)
4. Why are costs estimated for individual jobs? (LO 5, 6)
5. How are indirect cost rates determined? (LO 3)
6. How is overhead cost estimated for individual jobs? (LO 3)
7. What are indirect cost pools? (LO 3)
8. Why do firms use multiple indirect cost pools? (LO 3, 4, 5)

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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HI5001 Accounting for Business Decisions

  Task The questions to be answered are: 1. The unadjusted trial balance of Helena’s Hire Cars is shown below (ignore GST). Helena’s Hire Cars Trial Balance As at 30 June 2019 Account Debit Credit Cash at bank 18,140   Accounts receivable 21,340 ...

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1 TSTA 602 – Quantitative Methods for Accounting & Finance (worth 2 0%) Case Study, An Individual Assignment, Due: 14 July 20 2 1 by 0 3 : 0 0 p m Structure of the assignment: Your report must include the following sections, respectively: ...

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