1) Explain this statement: 'Managerial accounting and financial accounting work is interrelated and teh accountants must work together closely\" relates to accounting concepts.<\/p>
2) Describe three cost measurement methods that can be used to compute the unit cost of a product or service?<\/p>
Chapter 16<\/strong><\/p> 1) Describe the accounting concepts that focus on determining the amount of cost, when costs should be recorded, and to what costs should be compared?<\/p> 2) Why does the concept of matching underlie the cost flows in a job order costing system?<\/p> Chapter 17<\/strong><\/p> 1) Why does the concept of cost management underlie the five steps in preparing a process cost report?<\/p> 2) Why does process costing in the management process reinforce the concepts of cost recognition and cost measurement to produce business results?<\/p> <\/p> <\/p> Chapter 1<\/strong>8<\/p> 1) Discuss how differentiating between activities that add value and those that do not add value enhance the relevance and reliability of manager information?<\/p> 2) Why do the concepts of relevance and reliability underlie the five steps in implementing activity-based costing (ABC)?<\/p> Chapter 19<\/strong><\/p> 1) How does the preparation of a contribution margin income statement enhance cost behavior understanding and comparisons?<\/p> 2) How does cost-volume profit (CVP) analysis in the management process reinforce the concepts of comparability and understandability to better business profitability?<\/p> Chapter 23<\/strong><\/p> 1) How do managers use the concept of cost benefit for short-run decisions during the planning phase of the management process?<\/p> 2) How do managers use the concept of cost-benefit for the short-run decisions during the evaluating phase of the management process?<\/p> Chapter 24<\/strong><\/p> 1) How do managers use the concept of cost-benefit for capital budgeting decisions during the planning phase of the management process?<\/p> 2) How do managers use the concept of cost-benefit for capital budgeting during the performing phase of the management process?<\/p> Chapter 20<\/strong><\/p> 1) Why does the preparation of operating budgets before financial budgets increase the usefulness of the budget process?<\/p> 2) How are understandability and comparability enhanced when knowing who is responsible for teh budgeting process?<\/p> Chapter 21<\/strong><\/p> 1) What tools can managers use to enhance the understandability and comparability of performance analysis?<\/p> 2) How does the balanced scorecard empower managers to understand and compare the interests of all the organization's stakeholders?<\/p> Chapter 22<\/strong><\/p> 1) Describe how the six elements of a standard unit cost increase cost comparability and understandability?<\/p> 2) What should be included in a management report to further understandability and comparability when evaluating a cost center?<\/p> Chapter 11<\/strong><\/p> 1) What determines whether bonds are issued at a discount, premium, or face value?<\/p> 2) Why are callable and convertible bonds considered to add to management's future flexibility in financing a business?<\/p> 3) How does a lender assess the risk that a borrower may default - that is, not pay interest and principal when due?<\/p> Chapter 12<\/p> 1) Why are most large companies established as corporations rather than as partnerships?<\/p> 2) Why is treasury stock not considered and investment or an asset?<\/p> 3) Why do many companies like to give stock options as compensation?<\/p>",
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"related_book": {
"title": "Comparative international accounting",
"isbn": "273703579, 978-0273703570",
"edition": "9th Edition",
"authors": "Christopher nobes, Robert parker",
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"question_posted": "2024-09-19 00:08:03",
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