Question;Week 1;Ethics and Ethical Behavior (graded);The;Sarbanes-Oxley Act of 2002 (SOX) has emphasized the importance of ethical;behavior and codes of conduct. Discuss the costs and benefits of the ethical;environment. If a poor ethical environment results in costs to an organization;what are they? Conversely, what are the benefits of a good ethical environment?;Managerial and Financial Accounting (graded);Flexibility;timeliness, and forward looking are said to be the prominent traits of modern;management accounting, whereas standardization and consistency describe;financial accounting. Explain why the focus on these two accounting systems;differs.;Week 2;Job-Order Costing (graded);The job;cost sheet is used to accumulate the three product costs: direct material;direct labor, and factory overhead. Discuss the source documents for;determining these amounts (that is, where do we get these numbers, and how we;arrive at the overhead?). Why is overhead the most difficult to assign?;Week 3;Cost-Volume-Profit Analysis (graded);Based on;your ebook readings and review of both the lecture and Becker content, discuss;the basic assumptions of CVP analysis and how we can use CVP analysis as;managers in making decisions.;Variable Costing and Full Costing (graded);Discuss;the difference between variable costing and full costing. Why would income;computed under full costing exceed income computed under variable costing if;production exceeds sales?;Week 5;Pricing Techniques (graded);Compare;target costing and cost-plus pricing. When is each the most appropriate method;to use? Provide an example of each. Why is cost-plus pricing inherently;circular for a manufacturing firm?;Capital Budgeting Techniques (graded);Suppose a;company has five different capital budgeting projects from which to choose but;has constrained funds and cannot implement all of the projects. Explain why;comparing the projects' NPVs is better than comparing their IRRs. How is the;IRR determined if there are uneven cash flows? Why does the failure to consider;soft benefits discourage investment?;Week 6;Budgeting (graded);How does;a company effectively use budgets in the planning and control process? As it is;preparing the budget, what is the difference between the top-down and the;bottom-up approach to development? Which do you think is more commonly used and;why?;Standard Costs and Variance Analysis (graded);What role;do standard costs play in controlling the operations of a business? How are;standard costs developed for direct materials, direct labor, and manufacturing;overhead? Are there ever costs that we can?t develop standards for related to;manufacturing the goods?;Week 7;Responsibility Centers (graded);Compare;and contrast the three types of responsibility centers. What is the best way to;evaluate a manager's performance in each type of center? What is the problem;with using only financial measures of performance?;Financial Statement Analysis (graded);Why do;managers analyze financial statements? What are they looking for? List three;types of decisions that managers can make by analyzing financial statements.
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