I need help starting this cost accounting paper. In 3 paragraphs, explain how management accounting practices are in Japan.
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I need help starting this cost accounting paper. In 3 paragraphs, explain how
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- Assume you have been hired by Cabelas Sporting Goods. As part of your new role in the accounting department, you have been tasked to set up a responsibility accounting structure for the company. As your first task, your supervisor has asked you to give an example of a cost center, profit center, and an investment center within the Cabelas organization. Your supervisor is a little unsure of the difference between a profit center and investment center and would like you to explain the difference.Explain and describe the various costing methods used in management accounting. Outline their advantages and disadvantages. Provide real time examples by using data from listed companies in the UK?explain and describe the various costing method used in management accounting. Outline their advantages and disadvantages. Provide real-time examples by using data from listed companies in the UK.
- Have a conversation with an Owner-Manager of a business in Australia or a Manager in an organisation such as a Bank, Retail Store, Restaurant, Hotel, Factory etc. Ask the Owner-Manager or the Manager the following questions: i) Does the business collect and use cost information for planning and control purposes? How often? (3 marks) ii) Who is responsible for the collection of cost information? Be as specific as possible. (3 mark) iii) What type of cost information does the business collect? Provide examples incl. types of reports. (3 marks) iv) How important does the Owner-Manager or the Manager believe cost information are to the Business's success? Explain. (3 marks)Have a conversation with an Owner-Manager of a business in Australia or a Manager in an organisation such as a Bank, Retail Store, Restaurant, Hotel, Factory etc. Ask the Owner-Manager or the Manager the followingquestions:i) Does the business collect and use cost information for planning and control purposes? How often? ii) Who is responsible for the collection of cost information? Be as specific as possible. iii) What type of cost information does the business collect? Provide examples incl. types of reports.iv) How important does the Owner-Manager or the Manager believe cost information are to the Business's success? Explain. Question:Write a summary of the results of the interview. The content of the interview summary must include:• date of the interview, • the name and title of the person interviewed, • name and location of the Business, • type of Business (service, merchandising/retail, manufacturing) and a brief description of the goods/services provided by the Business, and•…Have a conversation with an Owner-Manager of a business in Australia or a Manager in an organization such as a Bank, Retail Store, Restaurant, Hotel, Factory etc. Ask the Owner-Manager or the Manager the following questions: Does the business collect and use cost information for planning and control purposes? How often? ii) i) ii) Who is responsible for the collection of cost information? Be as specific as possible. ii) What type of cost information does the business collect? Provide examples incl. types of reports. iv) How important does the Owner-Manager or the Manager believe cost information are to iv). the Business's success? Explain. IF
- Hi, I'm from the Philippines. Our topic is Accounting for Manufacturing Business. Can you help me with the accounting entries to be used under the nomal cost system?You are working with a firm of Cost Consultants. A client having a large manufacturing FMCG co. comes to you for advice for installing a cost accounting system in his organization. What are the basic considerations you would keep in mind in designing a cost accounting and management accounting system for your client? What are the practical difficulties you perceive on its implementation by your client and how do you propose to overcome the same?the book I use for study: Horngren's Cost Accounting: A Managerial Emphasis, 16th edition, Global Edition. Questions in image Request Compute: direct method and step method
- In a team of two or three students, interview the manager/owner of a local business. In this interview, ask the manager/owner the following questions: A. Does the business collect and use cost information to make decisions? B. Does it have a specialist in cost estimation who works with this cost data? If not, who is responsible for the collection of cost information? Be as specific as possible. C. What type of cost information does the business collect and how is each type of information used? D. How important does the owner/manager believe cost information is to the success of the business? Then, write a report to the instructor summarizing the results of the interview. Content of the memo must include date of the interview, the name and title of the person interviewed, name and location of the business, type of business (service, merchandising, manufacturing) and brief description of the goods/services provided by the business, and responses to questions A-D.Walsh & Coggins, a professional accounting firm, collects cost information about the services they provide to their clients. Describe the types of cost data they would collect and explain the importance of analyzing this cost data.Q6 b. You are working with a firm of Cost Consultants. A client having a large manufacturing FMCG co. comes to you for advice for installing a cost accounting system in his organization. What are the basic considerations you would keep in mind in designing a cost accounting and management accounting system for your client? What are the practical difficulties you perceive on its implementation by your client and how do you propose to overcome the same?