Cost accounting

As you embark on this process, you’ll blend some simple analysis with a measure of judgment. For each client, look at the time billed by partners, associates and clerks, and the pro-rated fixed costs for each file, then place them in one of these four groups: • High Profit – Low Growth Potential: These are the “Cash Machines”, clients that produce steady, attractive profits for the firm. Keep these clients happy and hang on to them as long as you

When an organization implements any management control tool, the cost/benefit balance is vital. The decision to deploy a scorecard system requires the same analysis. The costs of implementing a new tool are relatively easy to appraise, but often, there's a lack of reliable information about the benefits. This article explores the extent to which organizations have realized significant benefits from using a scorecard system. (We use the term "scorecard system" to include both the scorecard

the production divisions Super Fast operated a traditional Chinese state-enterprise accounting system prior to the ABC introduction in 2001 (see Figure 1). Figure 1: Super Fast’s traditional costing system *Note: In Super Fast, the direct labour cost was allocated

During their path towards compliance, Trinity utilized several substantive tests such as, analytical tests, observation and inquiry, tests of balances, and tests of transactions. While each of these played a crucial role in compliance, the test of transactions was the best method used in examining the documents associated with recording those financial transactions. Starting with the initial transactions of processes and working upwards to the financial statements allowed Trinity to identify and

Part I: Introduction A. Objective The objective of this paper is to showcase and explain the costs and losses of the explosion and sinking of the Deep Water Horizon Drilling Platform owned by Transocean and leased by BP Oil and the sea-floor oil gusher that flowed through 87 days in the Gulf of Mexico. We will showcase the costs and loses from the beginning of the disaster, which was in April 20th to until the oil flusher was capped on, which was in July 15th. Moreover, we will show the consequences

the light, which resulted in the loss of investors’ money and confidence. Therefore, the main objective of SOX was to protect the interest of shareholders and general public from accounting errors and fraudulent practices done by corporations. The act endorses companies to change the practice and regulations of accounting and auditing. It required them to maintain good financial recorded which were different than the past. The management team is held personally liable for the reliability and accuracy

costing and ABC Traditional costing 148 131 94 141 Activity based costing 371.76 268.42 119.55 280.19 - -223.76 -137.43 -25.55 -139.19 Hence we can Estimated Indirect (overhead) cost per unit is quite different for each product, unlike the traditional costing where indirect costs per unit were the same for all four products. This approach recognizes that product W uses more activity pool resources than product X , product Y and product Z . (source : https://www.business-case-analysis

often requires carefully planning and review of finances. Various studies reveal that most companies use other forms of accounting mainly for measuring, identifying, analyzing, and reporting their financial information. In spite of making tremendous success, proper financial budget planning is still important for the development and success of Acer Company. In this way, accounting tools may include financial statements, forecasts, and other may be employed. Proper budget planning is important to the

Introduction This paper is reference to provide a draft of a complete research project. So, I provide details for car industry, specifically Al-Futtaim organization. I will analysis the SWOT for Al-Futtaim Company and I will show in issues and challenges. For that, I can found Suggestion for the research. Moreover, I will identify at least three relevant CLOs from semester 7 and 8. My organization for my research is Al-Futtaim Company. The company founder is Majid Al-Futtaim; he has many companies

Accounting 356v7 Assignment 3 Prepare your answers in a single file. Question Marks Concept Covered 1 30 Not-for-Profit Accounting 2 15 Customer Profitability 3 15 Sales Variances 4 20 Project Costing and Risk 5 10 BSC for Not-for-Profits 6 5 Customer Profitability Analysis 7 5 Risk Management Total Marks 100 Question 1: Not-for-profit Accounting (30 marks)