Monday, December 30, 2019

Managerial Accounting Analysis of Concepts and Techniques

Managerial Accounting Analysis of Concepts and Techniques Managerial Accounting BUS 630 Managerial Accounting Analysis of Concepts and Techniques Introduction/Thesis Statement Managerial accounting is a concept used in businesses to manage internal systems. Understanding the importance of effective decision making, planning and control creates a foundation for value within the company on a more in depth level. Planning and controlling is measured by performance based on budgeting accounts. Understanding the concepts and techniques used in managerial accounting helps to insure functioning operations within each department and has the ability to create a completive edge. Competitively speaking, managerial accounting gives†¦show more content†¦Therefore, management decides it would be much more beneficial to be a citywide organization instead. Role of Managerial Accounting The role of managerial accounting serves many purposes such as financial reporting, budgets, forecasting, internal controls and management support. The accounting department also supports management in different business operations, providing analysis and support for different decisions and investments (Vitez, 2013). Management accountants work at the beginning of the accounting cycle, recording the financial transactions of a company as they occur (2013). This business role ensures that companies have a good understanding of their financial health, giving executive management the ability to make informed decisions. Companies use budgets to ensure that they do not spend more money on business operations than is necessary to generate profits (2013). Management accountants will prepare budgets for each department and then add them together to create one companywide budget. Tracking expenses that over exceeds the budgeted amount is an important step in the managerial process to insure the company is within the profit and loss guidelines. Capital improvements are also included in the budgeting process so businesses can plan on improving current facilities (2013). Forecasting is based on past information and is used to remove random variations within eachShow MoreRelatedAccounting753 Words   |  4 PagesCampbellsville University School of Business and Economics SYLLABUS Course Title: ACC 601 Managerial Accounting Semester/Dates: Graduate Term 1: August 29, 2011 – October 23, 2011 (Traditional MBA) Meetings: Thursday (6:00 PM – 10:00 PM), AD 25 Faculty: Dr. Sunny Onyiri Office: AD 29-b Phone: (502) 365 4424 Read MoreBUS 630 Final Paper1617 Words   |  7 PagesDecision Making with Managerial Accounting Managerial accounting is essential for decision making. Making the best choice depends on the managers goals, the anticipated results from each alternative, and the information available when the decision is made (Schneider, 2012). The different techniques associated with managerial accounting are very helpful in the decisions that need to be made. In order to truly understand decision making with managerial accounting one must first discern exactlyRead MoreOverview of Burns and Scapens Framework for Analyzing Managerial Accounting Change921 Words   |  4 PagesThe Burns and Scapens framework for analyzing managerial accounting change was built on the study of old institutional economics, which sees economics as a process of social provision, subject to multiple and cumulative causation. This view culminates in a model that argues that the managerial accounting practices at institutions are subject to a process of constant change, influenced by routines and rules. The institution s contribute to these routines and rules, but so do actions on the part ofRead MoreRole Of A Strategic Management Accounting Essay1317 Words   |  6 PagesGoddard 2008) investigating the role of strategic management accounting in an organizational setting? The role of strategic management accounting (SMA) is a relatively new concept especially within organizational settings (Juras, 2014). In addition to being new, it posits as an interesting field of study since existing literature evidences that conducting management accounting in relationship with strategy is problematic (Endraria, 2015). Accounting managers endure challenge of aligning functional activitiesRead MoreEssay about Role of Managerial Accounting1112 Words   |  5 PagesAccountants have been a necessary tool in all organizations such as individual companies, partnerships, schools and governments. Indeed, they have great professional technique in a rule of accountancy that government are able to measure and report financial information as organizations. This can also provide a lot of positive impacts in the running of a business. Research shows there are three main ways accountants can keep business costs down which involve internal and external actions. For internalRead MoreManagerial Accounting, Applied to Successful Project Accounting Practices1215 Words   |  5 Pages Managerial Accounting, Applied to Successful Project Management Accounting Practices 1.1 Introduction to Managerial Accounting in Project Work Environments This paper provides research and pertinent Managerial Accounting strategies that support the overall financial goals of project management professionals within the context of project management work environments. Many industries rely on project management as an important part of a successful business strategy. Project managers are underRead MoreAccountant Role In Business Essay1742 Words   |  7 Pageshandle the new challenges and competition companies face. With those responsibilities comes a change in management techniques and accounting methods as the more traditional model becomes further obsolete. In this essay I want to analyze how the accountants’ role in business has changed; the factors of the business environment, and how accountants implement new strategic management accounting to assist their near roles in company hierarchies. The Business Environment Perhaps the first thing to analyzeRead MoreCapital Budget Recommendation: Guillermo Furniture1001 Words   |  5 Pagescontacted Wells Accounting firm to help him with alternatives to match the competitors. Wells Accounting Firm plan of action is to assist Navallez by helping him understand the difference between the various capital budget techniques, and then providing Navallez a recommendation on the best-fit project to bring Guillermo’s Furniture and Manufacturing Company back to excellent financial health. Capital Budget Recommendation: Guillermo Furniture Wells accounting firm was contactedRead MoreAccounting And Its Impact On Business Success2129 Words   |  9 PagesIntroduction Accounting is not an end in itself but a means to help achieve business success. Thus, there is no such thing as good accounting practices or bad accounting practice as such. Technical accounting systems should be judged in the light of its impact on business success. Accounting systems and specific techniques should be considered in terms of the role they are expected to play. A concept ROI analysis may have little interest in the performance evaluation of middle managers in situationsRead MoreWeekly Schedule1363 Words   |  6 Pages MBA CLASS OF 2016 SEMESTER II (S II) LIST OF COURSES BEING OFFERED Code Units Course Title Instructor BII FMG IE MACS ME OM 0.5 1 0.5 1 1 1 Business Integration and Innovation Financial Management Islamic Ethics Managerial Accounting and Control Systems Managerial Economics Operations Management Jamshed H Khan Syed Mubashir Ali Kamran Rashid Ayesha Bhatti / M Junaid Ashraf Tanveer Shehzad Hassan Rauf / Syed Zahoor Hassan SULEMAN DAWOOD SCHOOL OF BUSINESS MBA PROGRAMME CLASS OF

Saturday, December 21, 2019

A Patriot s History Thesis - 1758 Words

Daniel Giaime 10/27/2014 Part 1: The Introduction A Patriot’s History: Thesis Larry Schweikart believes despite the excessive racism, sexism, and bigotry throughout the history of the United States, when the story is told â€Å"fairly,† all that can be taken away is a sense of awe at the obstacles overcome, the blood split, and the nation built. Although corruption can be seen over the course of time, the freedom of the nation overcame all else and created a bright light of a society in a world of dark oppression. Schweikart emphasizes the idea that history is often taught from a single, biased perspective, clouding the true image of the American nation as it progressed over time. He also emphasizes the ideals of character, tied to liberty, tied to property, and how they were all necessary for success. More generally, Schweikart believes that throughout the history of the United States, it has proven time and time again to be a nation based on the principles of freedom and justice, exemplified through its actions in every aspect, such as the liberation of people’s and bringing them to a higher state of living, and the sharing of power with those who had none, no matter where they came from, or who they were. â€Å"All men are created equal†; the United states is the â€Å"last, best hope† of earth; and America â€Å"is great because it is good† all extend Schweikart’s basic ideals that the United States’ history, when viewed with the basic ideal of â€Å"the ends justify the means,† creates a storyShow MoreRelatedGeorge Orwell s Rhetoric Of Language And The Underlying Fascism852 Words   |  4 PagesGeorge Orwell’s thesis that words can and will be used as political tools is absolutely correct, because speech can be twisted and used as a weapon to obscure, change, or manipulate the true context or meaning behind a thought or action. George Orwell warned about the manipulation of language and the underlying fascism that was around during the time of his writing that was conne cted with language. During the time of his writing Adolf Hitler and Mussolini had both just fallen from power and OrwellRead MoreThe War Of The British Army1256 Words   |  6 Pagesplaced on them. But how significant was the impact made by pastors and speakers on the people that heard their messages? If we look at history, we see ragtag groups of patriots fighting the British Army in what seems like an unfair fight. What inspired these men to stand and fight? I believe it was the influence of pastors and speakers who motivated the patriots to believe they were fighting for God, not only themselves.Patrick Henry was a well-known orator during the time of the Revolution. He isRead MoreHoward Zinn s The United States997 Words   |  4 PagesHoward Zinn s A People s History of the United States has been highly influential since its initial publication in 1980. It spawned adaptations for young readers (a two-volume adaptation by Rebecca Stefoff: A Young People s History of the United States) and The People Speak, a History Channel documentary based on Zinn s work. Zinn himself was until his death in 2010 a heroic figure to many, especially for this book and for his ongoing teaching and social activism, which were directly relatedRead MoreAmerican Tempest : How The Boston Tea Party Sparked A Revolution1918 Words   |  8 Pagesthe untold Tea Party s impact on American history politically, socially, and economically. The book was intended for the general public, because he wrote â€Å"ironically, few, if any Americans today†¦ know the true and entire story of the Tea Party and the Patriots who staged it† (4). Unger has many qualifications as he is an accomplished writer. He graduated from Yale and has written twenty-five other books consisting of ten biographies on the Founding Fathers and two histories of Early Republic. UngerRead MoreDearest Friend : A Life Of Abigail Adams1493 Words   |  6 Pagesbiography, written by Lynne Withey. The contents of the book mainly revolved around the life of Abigail Adams, who became the most influential woman in America’s Revolutionary Period. This happened in large part due to being the wife of patriot John Adams, the nation-state s significant second president. Throughout her life, and their marriage, Abigail maintained her and John’s farm in Braintree, Massachusetts, bore six children, and sustained an interest in politics as well as current events. John spentRead MoreEssay about Comparison of McCarthyism and the U.S. Patriot Act1947 Words   |  8 PagesS difficult, being branded as champions and supporters to leftist causes. By 19 54, the zeal had subsided. These short trials remain one of the most disgraceful times in modern U.S. history (McCarthyism, pbs.org). There are researchers and critics who still find the shadow of McCarthyism looming on the present history of the Unites States. About two years ago, in a Presidential Address George Bush, pleaded the Congress to ratify legislation that would prolong the time-bound terms of the notoriousRead MoreThe Many Reasons For The Civil War1203 Words   |  5 Pagesnational government to forbid slavery in the regions that hadn’t yet become states claimed more lives than any other war in American History. In his book, What They Fought For, 1861-1865, James McPherson examines the feelings and motives of both Union and Confederate soldiers to enlist and fight in the Civil War; most of these soldiers were volunteer soldiers. He proves his thesis that contrary to the popular belief that Civil War soldiers didn’t understand what they were fighting for, M cPherson presentsRead MoreRhetorical Analysis Of King s King 1558 Words   |  7 PagesI. Thesis: King brilliantly applies rhetorical strategies such as pathos, logos and ethos that are crucial in successfully influencing detractors of his philosophical views on civil disobedience. II. Topic Sentence: King uses logos to object the Clergymen s claim that the peaceful actions taken by the protestors precipitate violence. A. King proves that the Clergymen s assertion about his Civil Right Movements are illogical. King does it by relating their statement to the act of robbery. Read MorePuritans, Quakers, And Witchcraft1416 Words   |  6 Pagesthe spring of 1630, John Winthrop composed and delivered what is known to be one of the most famous speeches in American history, â€Å"A Model of Christian Charity† and had everyone sign an agreement. The agreement consisted of working together when they reached the new world. Finding success in good planning, substantial capital, and political influence back in England. Winthrop s core goal, was simple; to create a society out of a tight knit community of towns that were to be economically, politicallyRead MorePompey And His Extraordinary Influence1405 Words   |  6 Pagesknown as Pompey, once said, â€Å"More people worship the rising than the setting sun.† He transformed the last generation of the Roman Republic forever. He solved man y of Rome’s problems. Pompey was a great military and political figure.Need a specific thesis statement Gnaeus Pompeius was born in 106 BCE. Gnaeus was born during the time of political tension between Gaius Marius and Lucius Cornelius Sulla. His father was Pompeius Strabo, who was a wealthy military leader in Rome. Strabo was not popular

Friday, December 13, 2019

Bill Proposal Free Essays

This bill will require all police stations to make sure all of thee r officers take a est. every year over information learned at police academy, including civil right TTS, state and local laws, incident reporting, crime investigation, constitutional law, and criminal p psychology. This bill will also require that if an officer makes below a 75% on the test, they will have to take classes in order to pass the test before they can resume work. We will write a custom essay sample on Bill Proposal or any similar topic only for you Order Now This bill will be implemented by the chief police officers of each station in the state. Also, there will be test ad ministration who create the test with the appropriate information listed above from the police academy. Police chiefs will require and make sure that all of their officers take the test and pas s, if they do not test the officers, the station will be fined $5,000 dollars. This bill will need funding for the test administrators. The funds will come from the money made from certain traffic c violations. It will be enforced by the head of each police station, they will require for their office errs to take the test and be rectified. The agencies involved in this bill include all of the police SST actions, police academies of the state, and the test administrators. The police stations will be responsible for giving the tests for recertification, and the test administrators will have to word k with the police academies in order to create the yearly tests. The reasoning behind this bill is to reinforce the important information police officers learn during training, so that they are ABA el to perform their job in an accurate manner. This bill will make the actions of police officers MO re trustworthy and reliable due to the fact that their knowledge is up to date and enforced. How to cite Bill Proposal, Papers

Thursday, December 5, 2019

Marketing and Competitive Environment University of Adelaide

Question: Discuss about the Marketing and Competitive Environment of The University of Adelaide. Answer: Background The University of Adelaide is a public university of Australia. It is situated in Adelaide, South Australia. The university has been founded in 1874. The university mainly possesses five faculties, such as- faculty of engineering, computer and mathematical, faculty of medical and health care, the faculty of humanities, the faculty of professions and the faculty of science. It is considered as one of the leading university in the world and Australia. It is the third-oldest university of Australia. In 2010 the University of Adelaide has taken a notable initiative to make the university campus smoke free (Adelaide.edu.au, 2017). The University management has introduced a smoke free policy in the university campus to prevent the tendency of smoking among the students. The university management provides a safe and enthusiastic atmosphere to their students to encourage them. The management pays special attention to the extracurricular activities of the students. They have included many new policies into the university rule book to motivate their students to achieve their goal. There are many other public universities of Australia that are giving tough competition to the University of Adelaide. The management is implementing new marketing strategies to promote the name of the University. They have strengthened all the segments of marketing to attract a large number of students from all over the world. The below mentioned article has concentrated on the marketing segment of the University of Adelaide. It discusses about the competition that the university is facing and different marketing segments. Market summary and demand assessment Labour market in Australia is not flexible and unemployment of this economy is also moderately high (Bishop Plumb, 2016). As Australian government has taken several initiatives for reform in higher education since 2012, demand for enrolment in the universities has increased. Higher education sector revenue in Australia is expected to grow at 4.5% over the five years from 2016-17. Figure 1: University ranking of Australia (Source: jll.com.au, 2015) Government brought a reform in the education sector by allowing private universities in student enrolment for higher and tertiary education. Both private and public universities are operated by market driven demand policies, where student fees are unregulated. As access for higher education has been made easier, this market has become competitive by removing restrictions on operation. Major universities especially public universities in Australia operate within particular state territory. Therefore, it is difficult for the individual universities to acquire a large market share in the Australian economy. Demand for The University of Adelaide comes both from domestic and international economy for different undergraduate and post graduate courses (australianuniversities.com.au, 2017). Segment and target market Market for higher education is segmented by The University of Adelaide according to the degree and study areas such as undergraduate and post graduate courses. There are separate department for different category of subjects such as humanities, science, music, and nursing. Market is also segment based on time of availing education such as part time, full time, on- campus and off campus study. Figure 2: Statistics of The University of Adelaide (Source: australianuniversities.com.au, 2017) As seen in figure 1, online enrolment percentage in this University is very low compared to offline students. In order to put itself in the competitive position in the international market, this university has to draw more foreign students to enrol in this university. Greater entrance of foreign students can make the revenue stream stronger. It is also seen that female enrolment is less in this university compared to the male student (Ibisworld.com.au, 2017). Therefore, the target group for this University is the online students and female students of Australia. Enrolment of female students at the undergraduate level is main focus group. Current marketing mix analyses This report focuses on the 4 Ps of marketing mix such as product, price, promotion and place. Main products offered by The University of Adelaide are bachelor degree, other technical and non technical undergraduate programme, Masters degree, postgraduate degrees in various subjects of different streams and other educational courses. Research based studies are also offered by this University. Currently, this University charges annual tuition fees AUD$29,900, annual post graduate tuition fees AUD$30,520 (australianuniversities.com.au 2017). On the other hand, international students have to pay Biz fees $83,600, Arts fees $73,500 and Science fees $87,700, which is higher than the domestic students. International student has to pay full amount of the tuition fees. As a current marketing strategy, The University of Adelaide uses online marketing platform in order to draw greater number of the international students. A greater number of students come to study Australia from China. Improvement of online platform for study is the main focus for the University. The University of Adelaide has four campus in Australia, North Terrace, Rose worthy campus, Waite campus and Thebarton Campus (Adelaide.edu.au, 2017). All the campus has convenience for transport and all the facilities available in big cities. PEST Analysis: Political/ Legal Factors: Political and legal factors refer to rules, law and regulations. Although, this rules and regulations help the organization to run successfully, sometimes the rise of the pressure groups influences the law and regulations. It can be harmful for the growth of the university (Ran et al., 2014). Environmental Factors: In this modern era, pollution rate is growing high day by day. High greenhouse gas emission, increment of air, land and water pollution can be harmful for the organizational management to run their organization successfully as high rate of pollution can cause health hazards for the students and faculty members. Social Factors: Every organization highly requires the support from the society and people around the organization. University management may face difficulties to run their organization successfully if there is a difference between the social belief and organizational belief. Technological Factors: Emergence of new technologies has made the life of human easier, but the innovation of mobile phone, laptops, internet and other gadgets has shifted the focus of students from the conventional way of study (Forsyth, 2014). Now days, people especially the youth are very much fond of mobile, laptops and other electronic gadgets. It has become easier for the students to download the study material directly from the internet. They are losing their interest in books and physical study materials. This is one of the biggest threats for the management of University of Adelaide. Competitor Analysis: University of Adelaide is facing challenges due to rise of other public universities like Monash University. Although University of Adelaide is considered as the largest university of Australia and possesses a large number of students, Monash University also has students around 62,567. This university has spread their network in all over the world like University of Adelaide. Monash University consists of 21,953 foreign students. Monash University is quite popular among the international students for its international research reputation and efficient professional courses. The management of Adelaide University is facing difficulties due to the growth Monash University. Monash is giving tough competition to University of Adelaide by providing attractive courses to their students (Frusher et al., 2014). SWOT Analysis: Figure 3- SWOT Analysis (Source: Created by: Author) Strength: University of Adelaide is known for being a leading and oldest university in Australia. It preserves a rich culture that attracts the students from all over the world. It has one of the most experienced and talented faculties (Vivian et al., 2014). Weakness: Being one of the oldest universities in the World, the University of Adelaide is mainly based on conventional study method. It is considered as one of the major weak point of this renowned university. In recent time, the students mostly prefer modern and innovative way of study (Mehan, 2016). Opportunity: As it is one of the renowned universities in all over the world, it is quite famous among the international students and the university provide healthy atmosphere to its student to motivate their creativity. The university management has taken some innovative initiatives like smoke free policy to provide healthy environment to the student for study. It attracts the students from all over the world. Threats: The emergence of other public university is one of the biggest threats for the management of Adelaide University. They are facing various obstacles due to the rise of Monash University, University of New South Wales and other public university of Australia (Pinto et al., 2014). Value and brand positioning analysis While formulating brand value positioning, The University of Adelaide need to focus on academic integrity that are linked with higher education, greater employment opportunity, positive experience during vocational training, offering business friendly courses (go8.edu.au, 2014). These strategies can bring competitive advantage for the University both in the domestic and international market. Ranking of this university is at the lower level compared to other top public Universities. Therefore, gender focus may be given priority to enhance brand value of this University. Conclusion The report has analysed marketing characteristics of The University of Adelaide. This University holds 100th position among the QS World University Rankings 2014 / 2015. The education industry in Australia is competitive with presence of both public and private universities and other higher secondary Institutions. In order to increase student enrolment and increase in profit, marketing can facilitate this University by increasing brand value. The figure of current market and competitive environment has been highlighted, which is helpful for formulating marketing strategy effectively. References Adelaide.edu.au. (2017). About the Uni | About the University of Adelaide. Retrieved 14 April 2017, from https://www.adelaide.edu.au/about/ Australianuniversities.com.au. (2017). University of Adelaide ADELAIDE | AustralianUniversities.com.au. Retrieved 14 April 2017, from: https://www.australianuniversities.com.au/profiles/university-of-adelaide-adelaide.html Bishop, J. Plumb, M., (2016). Cyclical Labour Market Adjustment in Australia.RBA Bulletin, March, pp.11-20. Forsyth, H., (2014).A history of the modern Australian university. NewSouth. Frusher, S.D., Hobday, A.J., Jennings, S.M., Creighton, C., DSilva, D., Haward, M., Holbrook, N.J., Nursey-Bray, M., Pecl, G.T. van Putten, E.I., (2014). The short history of research in a marine climate change hotspot: from anecdote to adaptation in south-east Australia.Reviews in Fish Biology and Fisheries,24(2), pp.593-611. go8.edu.au. (2014). Policy Note Labour market demand for university graduates. Retrieved 14 April 2017, from: https://go8.edu.au/sites/default/files/docs/publications/labour_market_demand_for_university_graduates.pdf. Ibisworld.com.au. (2017). University and Other Higher Education in Australia Market Research | IBISWorld. Retrieved 14 April 2017, from: https://www.ibisworld.com.au/industry-trends/market-research-reports/education-training/university-other-higher-education.html. jll.com.au. (2015). Australian Student Accommodation Market Update 2015. Retrieved 14 April 2017, from https://www.jll.com.au/australia/en-au/Research/jll-australian-student-accommodation-market-update-2015.pdf Mehan, A., (2016). Public squares and their potential for social interactions: a case study of historical public squares in Tehran. Inproceeding of world academy of science, engineering and technology (Vol. 10, No. 2, pp. 544-549). International Scholarly and Scientific Research Innovation. Pinto, M., Garca-Marco, J., Granell, X. Sales, D., (2014). Assessing information competences of translation and interpreting trainees: A study of proficiency at Spanish universities using the InfoliTrans Test.Aslib Journal of Information Management,66(1), pp.77-95. Ran, J., Zhang, J., Yu, J., Jaroniec, M. Qiao, S.Z., (2014). Earth-abundant cocatalysts for semiconductor-based photocatalytic water splitting.Chemical Society Reviews,43(22), pp.7787-7812. Vivian, R., Barnes, A., Geer, R. Wood, D., (2014). The academic journey of university students on Facebook: an analysis of informal academic-related activity over a semester.Research in Learning Technology,22.