...Unit 1 Lecture This unit explores the general business environment, in the Prologue, and the reason for the existence of managerial accounting in Chapter 1. Managers are in need of information. Managerial accounting is the vehicle that satisfies that need. Without reasonable, valid, timely information companies will always be at a disadvantage when it comes to competing in the marketplace. Managers use the provided information to carry out three major activities: planning, directing and motivating, and controlling Planning involves the identification of alternative business plans. The plans that are most beneficial to the company should be reviewed and implemented if feasible. The implementation process involves budgets. Budgets are prepared under the direction of a controller, a manager in charge of the accounting department. Typically, budgets are prepared annually. We will learn more about budgets in chapter 7. Besides analyzing business alternatives managers must direct and motivate employees. As we know, unhappy, unguided employees can be detrimental to a business. I have worked for companies where one employee would stifle other employees to the point where he had to be fired. Productivity is paramount to profitability. In addition to managing personnel, managerial must keep the company running in an orderly fashion by analyzing daily sales reports, among other reports, to ensure there are no bottlenecks in production, falling sales within certain product groups...
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...The Foundational 15 1. Direct materials Direct Labor Variable manufacturing overhead Variable manufacturing cost per unit Variable manufacturing cost per unit Number of units produced Total variable manufacturing cost Fixed manufacturing overhead per unit Number of units produced Total fixed manufacturing cost Total product (manufacturing) cost $ $ $ $ $ 6.00 3.50 1.50 11.00 11.00 10,000 $ 110,000.00 4.00 10,000 $ 40,000.00 $ 150,000.00 $ 2. Sales commission Variable administrative expense Variable selling and administrative per unit Varible selling and admin. Per unit Number of units sold Total variable selling and admin. Expense Fixed selling and administrative expense per unit ($3 fixed selling + $2 fixed admin) Number of units sold Total fixed selling and administrative expense Total period (nonmanufacturing) cost $ $ $ $ 1.00 0.50 1.50 1.50 10,000 $ 15,000.00 $ 5.00 10,000 $ 50,000.00 $ 65,000.00 3. Direct materials Direct labor Variable manufacturing overhead Sales commissions Variable administrative expense Variable cost per unit sold Direct materials Direct Labor Variable manufacturing overhead Sales commissions Variable administrative expense Variable cost per unit sold $ $ $ $ $ $ $ $ $ $ $ $ 6.00 3.50 1.50 1.00 0.50 12.50 6.00 3.50 1.50 1.00 0.50 12.50 4. 5. Variable cost per unit sold Number of units sold Total variable costs Variable cost per unit sold Number of units sold Total variable costs Total fixed manufacturing...
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...Chapter 2 ------------------------------------------------- Managerial Accounting and Cost Concepts The Foundational 15 1. | Direct materials | $ 6.00 | | | Direct labor | 3.50 | | | Variable manufacturing overhead | 1.50 | | | Variable manufacturing cost per unit | $11.00 | | | | | | | Variable manufacturing cost per unit (a) | $11.00 | | | Number of units produced (b) | 10,000 | | | Total variable manufacturing cost (a) × (b) | | $110,000 | | Fixed manufacturing overhead per unit (c) | $4.00 | | | Number of units produced (d) | 10,000 | | | Total fixed manufacturing cost (c) × (d) | | 40,000 | | Total product (manufacturing) cost | | $150,000 | 2. | Sales commissions | $1.00 | | | Variable administrative expense | 0.50 | | | Variable selling and administrative per unit | $1.50 | | | | | | | Variable selling and admin. per unit (a) | $1.50 | | | Number of units sold (b) | 10,000 | | | Total variable selling and admin. expense (a) × (b) | | $15,000 | | Fixed selling and administrative expense per unit ($3 fixed selling + $2 fixed admin.) (c) | $5.00 | | | Number of units sold (d) | 10,000 | | | Total fixed selling and administrative expense (c) × (d) | | 50,000 | | Total period (nonmanufacturing) cost | | $65,000 | 3. | Direct materials | $ 6.00 | | | Direct labor | 3.50...
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...ROMANS AND THE CHRISTIAN WORLDVIEW Presented to Prof John Markley Liberty University for BIBL 425 - Romans by Shawn A. Wenzel San Diego, CA August 2011 The book of Romans, although not written for the purpose of teaching systematic theology, is one of the most foundational books in the New Testament concerning Theology. Paul wrote this letter to the Roman Christians who were made up of both Jewish Christians and Gentile Christians. The occasion for writing had to do with reconciling some cultural and historical differences between these two groups. Of course, the explanation Paul offers fits perfectly into a Worldview treatise because he is sharing a Gospel view of history and tying it to the Gospel view of the present and future. To begin with, Romans chapters one and two show the complete depravity of man. Any Biblical worldview must be predicated properly on the basic truth that man is not God and cannot operate in any successful fashion apart from God. Paul points out the pending judgment of God for both Gentiles (Romans 1:18-32) and Jews (Romans 2:1-3:8). Much of Romans deals with the creation itself. Adam is shown to be the father of human nature, and therefore, sin. We are all born sinners (Rom. 5:12) because we have inherited it. So, just as sin entered all mankind through one man, Godʼs free gift of salvation is also available for all (rom 5:12-14). It is pointed out that the result of sin is that it brings death, and without a blood sacrifice there is no...
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...Both deliberate and conscious of challenges of relating Biblical faith to Social issues * Housing and immigration are public policy issues * Daniel devotes a chapter to this question, using “Caesar vs. God” image from New Testament * Micah Shows up in both books (see below) * Differences? * Is immigration more of a “hot button” issue than housing? * If so, do we find different kinds of rhetoric? * Phil comment in class: Does Reckford focus more on system or structures or root causes (next slide) and Daniel more on individuals? * If so, do we have different kinds of solidarity in these two approaches? * Root Causes (“cycle”) of Poverty (structural analysis) (52-53) * Rhetorical device? * Cites 5 of them * “social capital” (56-58) is a rich illustration * Solidarity involves “learning” and “sensitivity” and “collaboration” (60) * Corresponding interventions/Solutions * E.g. “not charity but capital” (Clarence Jordan, cited 54) * 62-63: justice = level playing field (Sen. M. Fenwick, grandmother) * Housing is one of several interventions, but foundational (59) * Note structural components (infrastructure) of this intervention * E.g. ONE Campaign (http://www.one.org/us/) : 1% of US budget against extreme poverty * Immigration as “spiritual pilgrimage” * Religion/Public Square (ch.4) * “Do I believe in the moral teaching of my faith...
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...Chapter 2- The Foundational 15 1. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Variable manufacturing cost per unit $11.00 Variable manufacturing cost per unit $11.00 Number of units produced 10,000 Total variable manufacturing cost $110,000 Fixed manufacturing overhead per unit $4.00 Number of units produced 10,000 Total fixed manufacturing cost 40,000 Total product manufacturing)cost $150,000 2. Sales commissions $1.00 Variable administrative expense 0.50 Variable selling and administrative per unit $1.50 Variable selling and admin. per unit $1.50 Number of units sold 10,000 Total variable selling and admin. expense $15,000 Fixed selling and administrative expense per unit ($3 fixed selling + $2 fixed admin.) $5.00 Number of units sold 10,000 Total fixed selling and administrative expense 50,000 Total period (nonmanufacturing) cost $65,000 3. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Sales commissions 1.00 Variable administrative expense 0.50 Variable cost per unit sold $12.50 4. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Sales commissions 1.00 Variable administrative expense 0.50 Variable cost per unit sold $12.50 5. Variable cost per unit sold $12.50 Number of units sold 8,000 Total variable costs $100,000...
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...What’s on the MCAT2015 Exam? Psychological, Social, and Biological Foundations of Behavior What will the Psychological, Social, and Biological Foundations of Behavior section test? The Psychological, Social, and Biological Foundations of Behavior section asks you to solve problems by combining your knowledge of foundational concepts with your scientific inquiry and reasoning skills. This section tests your understanding of the ways psychological, social, and biological factors influence perceptions and reactions to the world; behavior and behavior change; what people think about themselves and others; the cultural and social differences that influence well-being; and the relationships between social stratification, access to resources, and well-being. The Psychological, Social, and Biological Foundations of Behavior section emphasizes concepts that tomorrow’s doctors need to know in order to serve an increasingly diverse population and have a clear understanding of the impact of behavior on health. Further, it communicates the need for future physicians to be prepared to deal with the human and social issues of medicine. This section is designed to • • • • • test psychology, sociology, and biology concepts that provide a solid foundation for learning in medical school about the behavioral and sociocultural determinants of health; test concepts taught at many colleges and universities in first-semester psychology and sociology courses; test biology concepts that relate to mental...
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...Capstone Project NT2580 Introduction to Information Security NT2670 Email and Web Services NT2640 IP Networking PT2520 Database Concepts NT1330 Client-Server Networking II NT1230 Client-Server Networking I NT1430 Linux Networking PT1420 Introduction to Programming NT1110 Computer Structure and Logic NT1201 Introduction to Networking NT1310 Physical Networking CO2520 Communications SP2750 Group Theories EN1420 Composition II EN1320 Composition I GS1140 Problem Solving Theory GS1145 Strategies for the Technical Professional MA1210 College Mathematics I MA1310 College Mathematics II Networking Technology Courses Programming Technology Courses General Education/ General Studies 1 Date: 7/18/2011 IP Networking Syllabus Mobile Communications Technology MC2799 MCT Capstone Project NT2640 IP Networking MC2560 Mobile Wireless Communication I MC2660 Mobile Wireless Communication II MC2665 Mobile...
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...understand the viewpoints of others. 21. When listening, I try to see things from the other person’s point of view, not just my own. Very Poor 1 1 1 Poor 2 2 2 Fair 3 3 3 Very OutGood Good standing 4 4 4 5 5 5 6 6 6 category 1 1. I show kindness and consideration towards others. 2. I keep promises and honor commitments. 3. I do not speak negatively of others when they are not present. Very Poor 1 1 1 Poor 2 2 2 Fair 3 3 3 Very OutGood Good standing 4 4 4 5 5 5 6 6 6 Category Total: category 8 22. I value, and seek out, the insights of others. 23. I am creative in searching for new and better ideas and solutions. 24. I encourage others to express their opinions. 1 1 1 2 2 2 3 3 3 4 4 4 5 5 5 6 6 6 Category Total: category 2 4. I am able to maintain an appropriate balance among the various aspects of my life- work, family, friends, and so forth. 5. When working on task, I also keep in mind the concerns and needs of those I am working for. 6. I work hard at the things I do, but not in a manner that causes burnout. 1 2 3 4 5 6 Category Total: category 9 25. I care for my physical heath and well being. 1 1 1 2 2 2 3 3 3 4 4 4 5 5 5 6 6 6 1 2 3 4 5 6 26. I strive to build and improve relation ships with others. 27. I take time to find meaning and enjoyment in life. 1 2 3 4 5 6 Category Total: Category Total: category 3 7. I am in control of my life. 8. I focus my efforts on things I can do...
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...Office Phone: 717-948-6483 Office Hours: M/T 4:30 p.m. to 5:45 p.m. Thursday 1:00 p.m. to 5:00 p.m. And by Appointment Course Catalog Description: Theory and practice issues in income concepts and value measurement; GAAP; revenues, costs, assets, liabilities, and equities. Prerequisites: ACCTG211 or ACCTG311 Course Objectives: 1. To apply the conceptual foundation of financial accounting; 2. To apply accounting standards; 3. To evaluate and select among alternative accounting treatments for economic events, and 4. To interpret the results and financial position of an entity. Learning Goals: * Collaborative skills: Students will develop collaborative skills by working together to solve exercises during class. * Communication skills: Students will submit written assignments and exams that should exhibit clear communication as would be found in a business setting. * Professional Responsibility/Development: Students will explore professional obligations in public and private accounting and the need for continuous learning as accounting standards and our business environment evolve. * Foundational Knowledge in Accounting: Students will learn and be able to apply accounting standards related...
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...gospel of God” (Romans 1:1). Romans is a Pauline Epistle which means a letter from Paul. These letters were the first written information about Jesus; for these letters were written before God inspired the penning of the Gospel (Deffinbaugh, 2007). Paul started his ministry or preaching of the gospel message after his transformation in Jesus Christ; his conversion to Christianity on his way to Damascus (Acts 9:1-19). Paul’s focus throughout Romans is “the righteousness of God” (Romans 1:16-17). Focusing on chapters one through eight of Romans, it will take me through the elemental and “structural” illumination of the Christian faith. The chapters will reflect on the “plan of Him who works out….everything to His will” (Ephesians 1: 11). These are the Biblical instructions on the responding to human relationships, treatment of the universe and environment, and religious issues. Paul (1 Corinthians 2: 1) (2 Corinthians 10:10) like Moses (Exodus 4:10) was not an eloquent speaker, but they spoke volumes for the kingdom of God. By having a grasp, foundation, for my views I can state my convictions to others (1 Peter 3:15) with certainty and in love (Ephesians 4: 15). The Natural World Paul expounds on components and truths of the Biblical Worldview as it relates to the natural world. He is adamant in his teaching that the general revelation of the natural world is foundational in God. He wants all to believe in the Biblical fact that God is the Creator (Roman 1:22) of the world and...
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...Justification by Faith By Russell D. Stalvey Introduction A statement that is ancient but also timeless and just as relevant for today’s believers is that we are justified by faith. The Apostle Paul gave insight to this statement very distinctly and in great aspect but to completely understand the statement, we first must possess a foundational comprehension of what it means to be justified. In understanding justification we will see that it is inseparably interrelated to faith, but not just any faith. We will also see that the undertaking of justification by faith has overwhelming effects on the justified. Definition Justification is seen as an act of God’s wonderful grace, free grace that is available to all sinners. God exonerations all of the sins, receives the sinners, not because of anything fashioned in the sinner or performed by the sinner, but only for the unflawed submission and complete satisfaction of the Lord, through God’s impartation and received by faith alone. The Westminster Larger Catechism answers the definition of justification in this manner: “Justification is an ‘act’. It is a courtroom verdict .We are the defendants and charges have been filed against us. The judge passes his verdict. Logically there are only two verdicts available to the judge. One of these verdicts is ‘condemned’, and the other is ‘justified’. If we are ‘condemned’, then the judge has pronounced us ‘guilty’. If we are ‘justified’, then the judge has pronounced us...
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...Corequisite(s): Prerequisites: IT220 Network Standards and Protocols, IT221 Microsoft Network Operating System I, IT250 Linux Operating System Course Description: This course provides an overview of security challenges and strategies of counter measures in the information systems environment. Topics include definition of terms, concepts, elements, and goals incorporating industry standards and practices with a focus on availability, vulnerability, integrity and confidentiality aspects of information systems. Introduction to Information Systems Security Syllabus Where Does This Course Belong? This course is required for the Bachelor of Science in Information Systems Security program. This program covers the following core areas: Foundational Courses Technical Courses BSISS Project The following diagram demonstrates how this course fits in the program: IS427 Information Systems Security Capstone Project 400 Level IS404 Access Control, Authentication & KPI IS411 Security Policies & Implementation Issues IS415 System Forensics Investigation & Response IS416 Securing Windows Platforms & Applications IS418 Securing Linux Platforms & Applications IS421 Legal & Security Issues IS423 Securing Windows Platforms & Applications 300 Level IS305 Managing Risk in Information Systems IS308 Security Strategies for Web Applications & Social Networking IS316 Fundamentals of Network Security Firewalls & VPNs IS317 Hacker Techniques Tools...
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...FINA 465: Commercial Bank Practice and Policy Spring 2013 MW 2:30 – 3:45 Section 001 BA 401 MW 4:00 – 5:15 Section 002 BA 401 Professor: Dr. Allen N. Berger Office: Room 452, Moore School of Business Phone: (803) 576-8440 Email: aberger@moore.sc.edu Office Hours: MW 10:00 AM – 11:00 AM and 5:30 PM– 6:30 PM; and by appointment Extra office hours will be available before each of the three tests. Course Overview: This course is structured around the theme of risk management in banking. You will examine how banking institutions generate earnings and the nature of risks assumed in their operations. The focus of the subject matter is risk management. Topics to be covered: Why are financial intermediaries special? the role of depository institutions; financial crisis; risk of financial intermediation including interest rate risk, credit risk, off-balance sheet risk, liquidity risk; management of risks including liquid asset management and liability management, deposit insurance and other liability guarantees, capital adequacy, product and geographic diversification, and loan sales. The objective of this course is to provide the student with the conceptual framework necessary to analyze and comprehend the current problems confronting managers of commercial banks and other depository institutions. The course materials do not dwell on the development of financial theories. It is assumed that the student comprehends the basic theoretical concepts...
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...Theology 104-D75 LUO Due Date: April 20, 2015 INTRODUCTION God created mankind in his image and since He is involved in our everyday lives and decision we make, that should be enough foundational belief for any Christian that believes in him. In this biblical worldview essay, I plan to explain how this belief will have a great impact on my career as a psychologist and how it will affect my everyday life once I start my career and the people I will help in the near future. I will also mention the theology of creation and God’s involvement. As it states in Genesis 1:26 (KJV), Then God Said, “let us make man in Our image, according to Our likeness; let them have dominion over the fish of the sea, over the birds of the air, and over the cattle, over all the earth and over every creping things that creeps on the earth.”” EXAMPLE 1 In this world we live in, we have choices to accept certain religions and worldviews to accept and live our lives and represent that specific religion. As a Christian and a future psychologist/counselor I have to be very mindful of my representation of God and what he expects from me and how I interact with people within my career. As it states in Proverbs 13:10 (KJV), by insolence comes nothing but strife, but with those who take advice is wisdom, and in chapter 15:22 (KJV) it states, Without Counsel Plans fail, but with many advisers they succeeded. I have to believe that God created man in his image in my career choice because Instead of just doing...
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