Financial accounting group assignment acknowledgement
Based on your collected advertisements, do the following tasks: How many job advertisements you have collected in total? How many job advertisements you have collected from each sources. Lists the name of the organisations posting the job advertisements and show the industry breakdown of the organisations posting the job advertisements. List all the job titles mentioned in the advertisements that you have collected.
Financial & Management Accounting: Group Assignment by Sam Mwangi on Prezi
List all the personal attributes required from a corporate accountant that have been mentioned in the job advertisements that you have collected. List all the personal attributes required from a corporate accountant that have been mentioned in the job advertisements that you have collected with your detailed understanding of each of the attributes.
List all the academic and professional qualifications of a corporate accountant that have been listed in the advertisements that you have collected. Based on the key roles, tasks, responsibilities identified from your collected job advertisements, how those key roles, tasks or responsibilities are related to the topics that you have learned in your MPA unit HI Corporate Accounting. Next, assess the effectiveness of the current Institute of Management Accountants IMA code of professional conduct in promoting ethical behavior and providing.
Accounting is the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results; Merriam-Dictionary, Cost accounting is described as the evaluating approach to the overall cost of when the business evaluates the cost that is associated with the business. Cost accounting consists of the identification, measurement, collection, analysis, preparation, and communication of financial information Khan, In this paper, I will. Understanding key cost in a firm is the most important issue in management accounting.
That is because business survives on value exchange. Customers and business are willing to exchange money and services products based on the costs.
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If not properly handled, cost objects can hinder, not help, the manager to understand to …show more content…. Fixed costs are staff wages, electricity, rates, etc.
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The key task here is to increase profits and also put the variable costs under control, which is big challenge to CEO in Ryman Healthcare. We can use functional-based costing system method in construction department, and use activity-based costing system in nursing department in apportioning of the indirect costs. We assume that variable cost is straight-line function, which means when village units increases, the variable costs costs to run the villages increase in the same trend.
In reality, when running a retirement village, it has a minimum cost regardless how many units are occupied.
We call this minimum cost is M. Show More.
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