Tài liệu Khối Ngành Kinh Tế

Extends statute of limitations for brining suit under the Securities Exchange Act Increased penalties for mail fraud and wire fraud Increased penalties for destruction, alteration, and falsification of records Increased records retention requirements Higher potential liability in civil cases

16 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 514 | Lượt tải: 0

SEC rules require that companies (not auditors) disclose the following in proxy statements delivered to their shareholders : Total audit fees to the public accounting firm for the annual audit and the reviews of quarterly financial information; Total fees to the public accounting firm for tax and other advisory work; Whether the audit committee ...

32 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 495 | Lượt tải: 0

Under the direct method, service department costs are only allocated to production departments. Under the step method, service department costs are sequentially allocated to other service departments pro rata and finally to production departments. The reciprocal method employs matrix algebra to simultaneously allocate all department costs to eac...

27 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 667 | Lượt tải: 0

Should rewards be based on accounting results or stock performance? Tying managers’ compensation to stock performance loads uncontrollable risk on them. Using EVA both focuses managers on creating value for shareholders and relies on nonstock performance measures.

25 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 621 | Lượt tải: 1

Managers should be held responsible for direct costs (any cost necessary to operate). They are always deducted for performance evaluation of a division whereas manager evaluation should only include direct costs that are controllable. Similarly, divisions can partially control indirect controllable costs.

28 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 445 | Lượt tải: 0

Most organizations use multiple inputs to produce their output. For example, Massachusetts General Hospital uses a combination of registered nurses, licensed practical nurses, and nurse’s aides to provide nursing care to patients. Bethlehem Steel Company uses a combination of iron ore and other raw materials to make its product. A mix variance ...

28 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 667 | Lượt tải: 0

Typical implications for developing good incentive plans include: developing incentive methods that provide rewards for both accurate forecasts and good performance. rewards that are positively related to forecasted sales to give incentives to forecast high rather than low. additional rewards for employees who beat the forecast and penalties f...

29 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 466 | Lượt tải: 0

Investments in computer-integrated manufacturing are often difficult because of difficulties in applying discounted cash flow methods Hurdle rate too high Should be cost of capital Bias toward incremental projects Uncertainty about operating cash flows Exclusion of benefits that are difficult to quantify More flexibility Shorter cycle and l...

29 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 488 | Lượt tải: 0

JIT is a philosophy, not a tool, that dovetails with total quality management (TQM) in that TQM requires reliable processing systems and disallows defective units. Flexible manufacturing that reduces both setup and inventory levels also enhances JIT.

29 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 561 | Lượt tải: 0

Can separate total costs into fixed and variable Cost and revenue behavior is linear. Implies the following in the relevant range Total fixed costs do not change Variable costs per unit remain constant Selling price per unit remains constant Product mix remains constant over relevant range

29 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 501 | Lượt tải: 0