Tài liệu Khối Ngành Kinh Tế

Prepare performance reports for investment centers using traditional measures of return on investment and residual income and the newer measure of economic value added. Explain how properly linked performance incentives and measures add value for all stakeholders in performance management and evaluation.

99 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 630 | Lượt tải: 0

Realistic estimates of costs Based on analysis of both past and projected operating costs and conditions Provide a predetermined performance level for the standard costing method Usually stated in terms of cost per unit

99 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 702 | Lượt tải: 0

is the process of identifying, gathering, summarizing, and communicating financial and nonfinancial information about an organization's future activities Is essential part of the continuous planning for an organization in order to accomplish long-term goals

95 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 689 | Lượt tải: 0

Variable costing income statements Used to analyze how changes in cost and sales affect the profitability of Product lines Sales territories Customers Departments Other segments

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Provides both financial and performance information at the activity level Useful for Strategic planning Making operational decisions about business segments Product lines Market segments Customer groups

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Planning stage Managers use information about costs to Set performance expectations Estimate unit costs Executing stage Managers Make decisions about Controlling costs Managing the company’s activity volume Ensuring quality Negotiating prices Use timely cost and volume information and actual unit costs to support their decision making

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Managers trace costs to cost objects to develop a fairly accurate measurement of costs Cost objects include Products or services Sales territories Departments Operating activities Both direct and indirect measures of costs are used to support Pricing decisions Decisions to reallocate resources to other cost objects

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Managers execute the business plan by overseeing the daily operations of the organization Small organizations Managers have frequent direct contact with employees Supervise and interact with employees to help them learn a task or improve performance Larger, more complex organizations Less direct contact between managers and employees May moni...

134 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 536 | Lượt tải: 0

The annual report of a publicly held corporation is an important source of financial information The main parts of an annual report Management's analysis of the past year's operations The financial statements The notes to the statements, including the principal accounting procedures used by the company The auditors' report A summary of operat...

66 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 616 | Lượt tải: 0

There are two methods of converting the income statement from an accrual basis to a cash basis The direct method Adjusts each item in the income statement to its cash equivalent More easily understood by the average reader The indirect method Lists only necessary adjustments to convert net income to net cash flows Superior from an analyst’s p...

89 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 516 | Lượt tải: 0