Explain the essential requirements and their benefits for management accounting system to function efficiently.

Management Accounting

Explain the essential requirements and their benefits for management accounting system to function efficiently.

Discuss how management accounting systems and its report help support an organisation like Lets Grow Ltd in making decisions

Discuss how Lets Grow Ltd can adapt its management accounting system to be deal with financial problems.

Analyse the use of cash budgets and its application for preparing and forecasting the financial position of an organisation like Lets Grow Ltd.

Explain the use of planning tools used in management accounting.

Management Accounting

Purpose of this assignment:

The overall purpose of this assignment is to assess students’ understanding of the fundamentals of management accounting which apply to organisations the wider business environment. Students will explore how management accounting uses financial data to aid planning decisions, and the monitoring and control of finance within organisations.

Unit Learning Outcomes:

LO1 Demonstrate an understanding of management accounting systems

LO2 Apply a range of management accounting techniques

LO3 Explain the use of planning tools used in management accounting

LO4 Compare ways in which organisations could use managementaccounting to respond to financial problems

What is the value for other comprehensive net income (or net loss), accumulated deficit,and/or retained earnings.How are these values changing?

Using the SEC 10-K for your company,answer the questions below:

What were total current assets?

What were total current liabilities?

What were total assets and total stockholders’ equity (deficit)?

Calculate working capital (current assets － current liabilities = working capital) and describe how it changed from last year.

If the company has treasury stock, is it increasing or decreasing in value? Remember that the normal balance for treasury stock is a negative value (debit balance).

What is the value for other comprehensive net income (or net loss), accumulated deficit,and/or retained earnings.How are these values changing?

Apple, Inc
only source can be used
https://www.sec.gov/edgar/browse/?CIK=320193&owner=exclude

Prepare a 2-3 page summary of the FASB proposal highlighting what changed,why,and the potential impact on the financial statements and disclosures.

Find a company’s financial statements,using the EDGAR database. Use Excel to create an applicable supporting schedule and financial statement(s) that would provide an example of the application of the proposed standard you selected for the company you selected. Ex. if the standard you found included a different method to recognize revenue you would create a worksheet using that proposed change to revenue recognition and then show how that change would affected the financial statements of the company you selected from EDGAR.

Week 2 Writing Assignment Part 2:

Find a proposed standard from the current or prior year that is related to this course (liability and equity-type transactions only) in the FASB Codification system. Prepare a 2-3 page summary of the FASB proposal highlighting what changed,why,and the potential impact on the financial statements and disclosures.

Library Assistance

Link to Keiser’s elibrary resources: http://kesu-verso.auto-graphics.com/MVC/

PowerPoint instruction on how to use the Keiser elibrary: Keiser Slide show Library-Orientation-login-and-navigate-lesson1.pptx Keiser Slide show Library-Orientation-login-and-navigate-lesson1.pptx – Alternative Formats

Guidance on how to log in and use the Keiser elibrary: KU Library login guide2014October3.pdf KU Library login guide2014October3.pdf – Alternative Formats

How to cite work from the library: How to cite work from the library.docx How to cite work from the library.docx – Alternative Formats

This link helps with APA format: https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html

What is the account and the amount of the bottom line item on the Statement (or Consolidated Statement) of Comprehensive Income?

What were the corporation’s net sales, cost of goods sold, and gross profit?

What was the corporate tax rate? This should be an item in the notes to the financial statement. Required disclosure usually explains the federal statutory rate and a reconciliation to the actual tax rate of the company each year.

Read the Statement of Comprehensive Income. Notice the first line is the net income from the Income Statement.

Accumulated other comprehensive net income (or net loss) is an item in the Statement of Owners’ Equity section and in the Balance Sheet. Post the value from the Balance Sheet and comment on whether this item is increasing or decreasing (take care with the concept of change and net income or net loss).

What items appear under Other Comprehensive Income (Loss)?

What is the account and the amount of the bottom line item on the Statement (or Consolidated Statement) of Comprehensive Income?

Use this only reference no other references
https://www.sec.gov/edgar/browse/?CIK=320193&owner=exclude
Its is for Apple, Inc

Describe how each of the proposed AIS sub-systems contributes to organisational goals.

System Documentation and Analysis

(3900 words)

Describe the typical managerial decisions supported by each of the proposed sub–systems and what other data and/or information is needed for these decisions in addition to that supplied by the system.

Identify the main issues that are specific to e-business processes/activities/systems (as opposed to “traditional” business processes/activities/systems). Discuss how your system design addresses these issues.

Describe how each of the proposed AIS sub-systems contributes to organisational goals.

What types of advertising and promotions have the greatest influence on customers?

Examples of questions marketing managers include the following:

Where is sales volume (quantity and dollars) concentrated?

Who are the specific major customers (by sales and by profitability),both present and potential?

What opportunities exist to sell after–sales services, to cross–sell (offer related products), and to up–sell (offer higher–priced products)?

What types of advertising and promotions have the greatest influence on customers?

Compare and contrast job-order and process costing systems.How can events in a job-order costing system affect financial statements?

The type of product a company produces affects the type of accounting system needed to determine product cost. The 2 most common types of costing systems are job-order costing and process costing.

Respond to the following in a minimum of 175 words:

Compare and contrast job-order and process costing systems.How can events in a job-order costing system affect financial statements? How can events in a process costing system affect financial statements? Provide specific examples for each type.