...to lifelong success. It’s all about opportunity. Accounting professionals can work in any sector, anywhere in the world. And when you choose CGA, you’ll gain the leadership, problem-solving and technical skills that are sought after by organizations in the private, public and not-for-profit sectors. The CGA Program of Professional Studies gives you the tools to succeed in business, no matter where your career takes you. You’ll enter the workforce with the applied knowledge and demonstrated expertise that employers want, including specialized technical knowledge, sectorspecific competencies, problem-solving skills and the ethical integrity to lead. CGA’s competency-based curriculum is simply your best way to prepare for a rewarding career in financial management. Flexible study options and the freedom to choose the career you want CGA is all about choice. You choose the professional-studies path and real-world experience that best match your career goals and interests. We give you the skills and freedom to work in any type of organization, in any industry, at any level of management. With a CGA designation, your opportunities—both professional and personal, at home and around the world—are limitless. Take your place as a highly respected member of the business world. Karmen Rempel, CGA Manager Grant Thornton LLP Vancouver, British Columbia Why CGA? There are many reasons why CGA is the fastest-growing accounting designation in Canada. With CGA, you can: 1. Pursue...
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...Module 1 Research Paper Saul Ruiz Embry-Riddle Aeronautical University MGMT 312 August 19, 2013 The company owned by MGMT 312 manufactures custom-order holiday decorations and display items. Currently the company is using a periodic inventory system and is not satisfied with the timeliness of its information and its inventory management. The following paragraphs outline a proven system known as job order cost accounting that will generate timely and accurate inventory information. Job order cost accounting is used by many businesses that have to meet the specific needs of multiple customers by producing or performing custom jobs. There are still companies out there that rely on a general accounting system which consists of periodic inventories, this does not benefit them due to many discrepancies involved with these types of inventories. A cost accounting system records using a perpetual inventory system. This system continuously updates the records such as costs of materials, goods in process, and finished goods inventories. Under a job order cost system, costs are allocated to each job or batch of goods; at all times each job or lot of goods can be independently identified. A job order cost system measures costs for each completed job, rather than for set time periods. Most stores today use this system as an inventory tool, so when an item is scanned and sold the system automatically removes the item from the store inventory and sends this...
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...1 AMERICAN INTERNATIONAL UNIVERSITY-BANGLADESH SUMMER, 2009-2010 SEC A B C TIME 8:0 - 9:30 8:0 - 12:0 9:30 - 11:0 8:0 - 12:0 11:0 - 12:30 8:0 - 12:0 DAY ST M MW T ST S RM 423 CL2 423 CL2 423 CL2 COMPUTER SCIENCE CODE COURSE NAME 00512 INTRO TO PROGRAMMING (BBA) LABORATORY 00513 INTRO TO PROGRAMMING (BBA) LABORATORY 00514 INTRO TO PROGRAMMING (BBA) LABORATORY 00516 00517 00518 00519 00520 00521 00522 00523 00524 00525 00526 00527 00528 00529 00530 00531 00532 00533 00534 00535 INTRO TO PROGRAMMING (BBA) LABORATORY INTRO TO PROGRAMMING (BBA) LABORATORY INTRO TO PROGRAMMING (BBA) LABORATORY INTRO TO PROGRAMMING (BBA) LABORATORY INTRO TO PROGRAMMING (BBA) LABORATORY COMPUTER FUNDAMENTAL (BBA) COMPUTER FUNDAMENTAL (BBA) COMPUTER FUNDAMENTAL (BBA) THEORY OF COMPUTATION THEORY OF COMPUTATION PROGRAMMING LANGUAGE 1(EEE) LABORATORY PROGRAMMING LANGUAGE 1(EEE) LABORATORY PROGRAMMING LANGUAGE 1(EEE) LABORATORY PROGRAMMING LANGUAGE 1(EEE) LABORATORY PROGRAMMING LANGUAGE 1(EEE) LABORATORY PROGRAMMING LANGUAGE 2 (EEE) LABORATORY PROGRAMMING LANGUAGE 2 (EEE) LABORATORY PROGRAMMING LANGUAGE 2 (EEE) LABORATORY PROGRAMMING LANGUAGE 2 (EEE) LABORATORY PROGRAMMING LANGUAGE 2 (EEE) LABORATORY E F G H I A B C A B A B C D E A B C D E 2:30 - 4:0 12:0 - 4:0 4:0 - 5:30 12:0 - 4:0 5:30 - 7:0 12:0 - 4:0 8:0 - 9:30 8:0 - 12:0 9:30 - 11:0 8:0 - 12:0 8:0 - 10:0 10:0 - 12:0 12:0 - 2:0 2:0 - 4:0 4:0 - 6:0 11:0 - 12:30 8:0 - 12:0 12:30 - 2:0 12:0 - 4:0 2:30 - 4:0 12:0 - 4:0 4:0 - 5:30 8:0 -...
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...AMERICAN INTERNATIONAL UNIVERSITY-BANGLADESH Spring’ 2013-2014 MID-TERM EXAM SCHEDULE (Released on February 04, 2014) Day 1: March 01, 2014(Saturday) TIME Campus 1, 5 & 4 PRINCIPLES OF ECONOMICS ECONOMIC GEOGRAPHY GLOBAL FINANCE MEASUREMENT & INSTRUMENTATION BASIC PLANNING AIRLINE RESERVATION & TICKETING SELECTION AND STAFFING PHYSICS 1 PHYSICS 1 FOR ARCHITECTS MODERN PHYSICS SYLLABUS DESIGN DEV COMMUNICATION & DEV JOURNALISM LOGIC & PHILOSOPHY STATISTICS FOR DEVELOPMENT SOFTWARE DEV. & PRO. MGMT. THEORY OF COMPUTATION HOUSING FINANCIAL INS. AND MARKET LEGAL ENVIRONMENT IN BUSINESS MEDIA LAW AND ETHICS 12-2 PHYSICS 2 STRUCTURE-II (REINFORCED CONCRETE DESIGN) STRUCTURE-I (BASIC MECHANICS OF SOLIDS) CONTROL SYSTEM DATA WAREHOUSING AND DATA MINING [CS] PHONETICS AND PHONOLOGY LANGUAGE TESTING FINANCIAL STATEMENT ANALYSIS BASICS IN SOCIAL SCIENCE ENTREPRENEURSHIP DEVELOPMENT MUSIC APPRICATION GLOBAL OPERATIONS MANAGEMENT MULTIMEDIA SYSTEMS [CS] TRAINING & DEVELOPMENT COMPUTER VISION & PATTERN RECOGNITION 3-5 VISUAL ENVIRONMENT SOFTWARE REQUIREMENT ENG. STATISTICS & PROBABILITY INTRODUCTION TO STATISTICS [ECO] POWER STATIONS RURAL MARKETING ADVERTISING AND PUBLIC POLICY INTRODUCTION TO SOCIOLINGUISTICS CONTEMPORARY ISSUES IN GLOBAL ECONOMY [ECO] Campus 7 SECTIONS A,B,C,D,E,F,G,H,I,J,K A,B,C,D,E,F,G,H A,B,D A A A A,B A,B,B1,B2,B3,B4,B6,B8,B9,B10, C1,C2, C3,C5,C6,C7,C4,D A A,B,C,D,E,F,G,H A A A A A,B A,B,C,D A A,B,D,E B,C,D,E,F,G,H,I,J,K,L A A,B,C,D,E,F,G,H,I,J,K,L,M,N A A A,B,C,D...
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...AInternational Journal of Production Research, Vol. 46, No. 4, 15 February 2008, 1047–1069 Activity-based costing in flexible manufacturing systems with a case study in a forging industry K. REZAIEy, B. OSTADI*z and S. A. TORABIy yDepartment of Industrial Engineeing, Faculty of Engineering, University of Tehran, PO Box 11365/4563, Tehran, Iran zDepartment of Industrial Engineering, Faculty of Engineering, Tarbiat Modares University, Tehran, Iran (Revision received August 2006) The objective of this paper is to apply the activity-based costing (ABC) approach together with traditional costing (TC) for parts costing in flexible manufacturing systems (FMS) with the A(2) level of automation. We propose a new model for the implementation of ABC using the product cost tree concept. First, the required resources and activities for each part are recorded, and then their costs are calculated using the appropriate cost formulae. This model was applied in a forging industry. A comparison and analysis between ABC and TC was then carried out based on the computational results obtained from the case study. The results indicate that the ABC outputs are more reliable than the TC outputs, and thus the ABC approach is a more acceptable tool for parts costing in FMS. Keywords: Costing; Activity-based costing; Cost management; Flexible manufacturing; Product cost tree concept 1. Introduction Increasing worldwide competition has forced manufacturing organizations to seek to produce high-quality...
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...| Carmelia Bell | Portfolio | | Bachelors of Science in AccountingDeVry UniversityJune 2013 | | | | | Table of Contents * Personal Mission Statement * Elevator Speech * Education * DeVry Plan of Study * DeVry Course Description and Academic History * Resume * Reference List * Career Path Section Mission Statement My mission is to continue to drive for excellence throughout my life. I will ensure that I graduate from school with my Bachelors of Science in Accounting degree from DeVry University. My mission is to also enroll in Keller’s Graduate school to get my master in Business and Management. My goal is to work for a successful company in a management position to demonstrate my skills and help the company to drive for outstanding results. I am committed to becoming a successful manager in a retail store or corporate level. I am willing to go above and beyond to reach that goal. I am a driven, compassionate, and hardworking individual. My goal is to one day get marry and have a family. I will be loving and proactive in building and maintaining my relationships with my employees, family and friends, so that I may be considered a successful wife, mother, daughter, sister, aunt, friend, co-worker, and manager. Elevated Speech Hi my name is Carmelia Bell. I am a senior at DeVry. I’m graduating June 30 of this year. I have 4 years of an assistant manager experience. I’m currently working as a team lead at...
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...Plant to help improve the overall business success. Balanced Scorecard is a strategic performance management tool that helps to align and monitor the business activities with the objectives. It has four perspectives: financial, customer, internal business process and learning and growth. Through the novel, I think the four perspectives are all necessary to implement and drive a sustainable development for Bearington. First, I would argue that the complete financial measure is indispensible. The plant makes profits by reducing the inventories and increasing the sales, but the cost of parts rises according to the financial report, which gives a red signal to Alex and his team. Through the novel, it is obvious that the current cost accounting system has some limitations and the allocation of costs has some distortions. Thus, the cost measurement remains to be improved and run in a more accurate way. Moreover, Lou, the plant controller, also claims that the financial measure is necessary, as evidenced by two reasons “One is control; knowing to what extent a company is achieving its goal of making money. The other reason is measurements should induce the parts to do what's good for the organization as a...
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...the Chicago plant, G.G. Toys should change its existing cost accounting system from the legacy or traditional costing methodology to activity-based costing (ABC). In allocating overhead as a percentage of direct labor cost, the margins of 9% and 34% in the Geoffrey doll and the specialty branded doll #106 respectively, do not reflect the actual cost of overhead. Currently G.G. Toys is calculating its manufacturing overhead costs on only on one cost driver, the direct labor. From case facts, we know that the manufacturing overhead at the Chicago plant is very high (approximately 95% of the overall GG Toys manufacturing overhead) The 3 different categories of dolls require different amounts of machine hours and other variable costs. By using Activity-based costing, each specific category of doll would have a different manufacturing overhead (and hence different contribution margin) allocated to it and the profit margin analysis for the doll category would yield an accurate result that can be used successfully for measuring controllability and relevance over long run. For the Springfield plant, GG Toys has approximately 5% of the overall overhead and from case fact, we know that GG purchases finished components from local manufacturers and then assemble the components (to form the cradles) using manual labor and there is no machine hours involved in this (Exhibit # 1). So, I recommend GG to keep the existing cost accounting system as the primary cost driver here is labor hours which...
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...experiencing profound changes involving both the business environment and internal organization. In this context, new cost management information that provides better understanding and helps managing increasingly turbulent and complex production processes is needed. Activity-based costing (ABC) has been suggested as the leading contender method to replace traditional cost accounting systems, due to its capability to make the processes and activities performed in the organization more transparent and observable. This paper reports the main results of a research project which aimed to develop a cost accounting system capable of providing useful information to manage production processes in construction and devise a model that integrates this system to the Production Planning and Control process, based on the new operations management paradigm and on the ABC ideas. The study involved three case studies, a series of interviews with construction managers and the development of prototype software. The main conclusions of this research work are that the cost information provided by the proposed management accounting system (a) makes the production processes more transparent; (b) helps to identify production inefficiencies; (c) encourages managers to introduce corrective actions; and (d) allows the evaluation of corrective actions to be undertaken. The study also indicated that the proposed model has contributed to establish systematic procedures for production control concerned not only...
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... | COST ACCOUNTING AREA: CONTROL IMBA NUMBER OF SESSIONS: 20 PROFESSOR: SALVADOR CARMONA □ Ph.D (Accounting). Universidad de Sevilla. □ Last version, November 2006 COURSE DESCRIPTION A cost accounting system collects and classifies costs and assigns them to cost objects. The goal of a cost accounting system is to measure the cost of designing, developing, producing (or purchasing), selling, distributing, and servicing particular products or services. Cost allocation is at the heart of most accounting systems. Cost behavior -how the activities of an organization affect its costs- is also fundamental to cost accounting systems. The data provided by a cost accounting system is used for various purposes, which include product costing, planning and control, and decision making. This course mainly focuses on the first of these objectives -products costing. COURSE GOALS Students, as future managers, will utilize, at a minimum, the output of cost systems, which are the primary internal information systems in a firm. Students taking this course will gain an understanding of cost accounting systems, which includes a familiarization with: The goals of cost accounting systems; the fundamental features and design of cost accounting systems; and the various uses of the data provided by cost accounting decisions. A sound understanding of these issues is necessary to interpret cost accounting system outputs; to transform them from...
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...Skip to main content. Subscribe to the Houston Chronicle | Shopping | Classifieds | Obits | Place an Ad | La Voz Register | Sign In ------------------------------------------------- Top of Form Chron.com Local Directory Bottom of Form * Home * Local ------------------------------------------------- In Local * ------------------------------------------------- Neighborhoods * ------------------------------------------------- Houston & Texas * ------------------------------------------------- Traffic * ------------------------------------------------- Weather * ------------------------------------------------- Education * ------------------------------------------------- Politics & Policy * ------------------------------------------------- Election 2013 * ------------------------------------------------- Chronicle Investigates * ------------------------------------------------- Obituaries * ------------------------------------------------- Staff Blogs * ------------------------------------------------- Reader Blogs * ------------------------------------------------- Columnists * ------------------------------------------------- Opinions & Editorials * ------------------------------------------------- La Voz (Español) ------------------------------------------------- Neighborhoods ...
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...other public sector organizations and related specialists for their internal use while designing or studying the PFM systems. This document is intended to present the functional modules of several available ASW solutions which were implemented in similar projects in Europe and Central Asia (ECA) region of the World Bank. A summary of PFMS functions vs modules of selected ASW is presented below: • • • FreeBalance eFinancials Oracle E-Business Suite SAP R/3 (FreeBalance Software, Canada) (Oracle Corporation, USA) (SAP AG, Germany) FreeBalance eFinancials www.freebalance.com Budget Preparation Budget Appropriations Management of Payments Management of Revenues Accounting (General Ledger) Cash/Fund Management Commitment/Purchasing Asset/Inventory Management Financial Reports HR Management and Payroll Interfaces and Workflow Mgmt Technology...
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...ijcrb.webs.com OCTOBER 2010 VOL 2, N O 6 INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS Management Control System Hamed Armesh Faculty of Management ,MMU,Malaysia Listed in ULRICH S Dr. Habibollah Salarzehi , Dr.Baqer Kord Faculty of Management, University of Sistan and Baluchestan Abstract A management control systems (MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organization as a whole considering the organizational strategies. Finally, MCS influences the behaviour of organizational resources to implement organizational strategies. Keywords: Management , Control , Systems 1. Introduction To introduce this topic and understanding the importance of management control system we know that In the present globalised world, organisations need to use management control systems that go beyond the strategies that focus on acquisition of technology and logistics which are not sufficient to give the organisation sustained long-term competitive edge over its competitors. Management Control Systems (MCS) as defined by Anthony (cited by LangfieldSmith, 1997) is the process by which managers ensure that resources are obtained and used effectively and efficiently in the accomplishment of the organization s objectives . MCS is a system used in an organization which collects and uses information to evaluate the performance of the organizational resources...
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...Selex Galileo: A Leader in Defense Systems Amber Tucker Embry Riddle Aeronautical University Managerial Accounting-MGMT 517 Abstract A look inside an Italian-based, leading global defense company reveals roots dating back to discoveries made by the famous, Galileo Galilei in the 1500s. The introduction of the telescope along with the realization of Jupiter’s satellites, and speed of falling objects have been the backbone of Selex Galileo. The company exhibits a strong willingness to work alongside competitors to maintain global defense measures. The staggering 17% commitment of revenue to Research and Development make Selex Galileo a company that maintains flexibility and innovation throughout changing times and demands. Company profits of 2014 are probably well above the 2011 revenues that totaled over 3.5 billion Euros. With an ever-decreasing military budget, Selex Galileo is finding ways to continue its strides and success. Backdrop In the teachings of astronomy, “Galileo” is credited as the Italian astronomer and mathematician that first used a telescope to study the stars. This leap in science occurred during his lifetime, 1564-1642. He has also been credited with discovering that different weights will descend at the same rate. He perfected the refracting telescope during his lifetime. The perfecting of the telescope led to his discovery of Jupiter’s satellites, sunspots, and craters on the Earth’s moon. Because of Galileo Galilei’s advances in the area...
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...TABLE OF CONTENT SR.NO | DETAILS | PAGE NO. | 1 | EXECUTIVE SUMMARY | 2 | 2 | INTRODUCTION TO COMPANY | 3 | 4 | CONTRIBUTION TOWARDS AGRICULTURE | 4 | 5 | CVP ANALYSIS | 5 | 6 | CONTRIBUTION INCOME STATEMENT | 8 | 7 | CONTRIBUTION INCOME RATIO | 9 | 8 | BREAKEVEN POINT | 10 | 9 | MARGIN OF SAFETY | 11 | 11 | BIBLIOGRAPHY | 12 | EXECUTIVE SUMMARY This report examines the CVP analysis on ENGRO Fertilizer Company limited which is registered under SECP rule in stock exchange as a public company. For CVP analysis contribution income statement is made. Besides this, total fixed cost, total variable cost, contribution, contribution margin, contribution margin ratio, breakeven point of sales and margin of safety is computed form the data which is gathered from annual report of the company year 2013. Considering the importance of the agriculture sector in Pakistan, contributing up to 24% in GDP growth (Pakistan bureau of statistics), and fertilizer industry becomes an integral part in crop cultivation and ultimately excising the agriculture sector. The Fertilizer industry in Pakistan has not been able to get its due share in long term government policies. The private sector has come up with huge investment and its present infrastructure not only ensures sufficient cheap and good quality Fertilizer for domestic use but has the potential to earn foreign exchange. I made...
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