Tuesday, May 26, 2020

What Does Term Paper Custom Mean?

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Friday, May 15, 2020

Decision Making Techniques in Managerial Accounting

Managerial accounting comprises all the financial information needed to help managers make educated decisions and do their job duties efficiently. A typical manager’s responsibilities with managerial accounting include interpreting finance reports and projections and using those to make financial decisions that will affect the company. Since managers have to make routine decisions and finalize reports periodically, it is vital that they are able to conduct healthy decision making processes and are able to come to make quick educated conclusions. While there are plenty of decision making models to utilize with business situations, when it comes to making maximizing decisions the best one to use is the rational decision-making model. BSE†¦show more content†¦The Rational Decision-Making model is filled with eight steps that ensure through review of all items and possibilities that occur. The first step is to identify the problem at hand, the second step is establishing selection criteria in order to filter all candidates, and the third step would be evaluating the previous set criteria for true importance and rank. The forth step is making substitutes for all options and then step five is assessing those completely. The sixth step is choosing the best choice and step seven is when the final decision is put into practice. Last, the final most important step is to regroup and review the decision and how it affected the problem (Bauer Erdogan, 2010). When making decisions it is imperative that the prime decision maker keeps in mind various traps that will hinder the entire process. These barriers can cloud judgment, completely delay the process of giving a final verdict, or can serve as a devastating lost to the decision maker because of bad choices. The most delaying trap that can occur doing normal decision making processes is called analysis paralysis, which happens by gathering too much information and not being able to reach a final consensus because of it (Bauer Erdogan, 2010). Another very common fatal trap is anchoring, which occurs when too much emphasis is placed on a single amount of information or selectionShow MoreRelatedBUS 630 Final Paper1617 Words   |  7 PagesDecision Making with Managerial Accounting Managerial accounting is essential for decision making. Making the best choice depends on the managers goals, the anticipated results from each alternative, and the information available when the decision is made (Schneider, 2012). The different techniques associated with managerial accounting are very helpful in the decisions that need to be made. In order to truly understand decision making with managerial accounting one must first discern exactlyRead MoreDecision Making With Managerial Accounting1563 Words   |  7 PagesDecision Making with Managerial Accounting Accounting is the process charged with the identification, measurement and the communication of economic information in the aim of allowing the desired users in making the correct decisions and judgments. Accounting has two branches depending on the users. Managerial accounting isuseful to core users unlike financial accounting which is more essential to exterior users. Management accounting is, therefore, the identification, analysis, recordRead MoreManagerial Accounting1152 Words   |  5 PagesManagerial Accounting 12/3/15 Managerial Accounting Accounting is a crucial part in running a business. There are various forms of accounting that can be used, it is very important to know which technique is best to use for what companies. Once you figure out a particular technique to use, it is important to keep an open mind if there are any changes that need to take place in the business. By keeping an open mind helps the business adjust and be able to make the right decisions. Every businessRead MoreFinancial Accounting And Managerial Accounting1613 Words   |  7 PagesIntroduction: Both financial accounting and managerial accounting provide important information about the business process. On the one hand, financial accounting provides only financial information to its internal users and external users. On the other hand, managerial accounting basically communicates about financial and non-financial information with internal users such as managers, employees and owners of the company. In other words, managerial accounting provi des information to managers who directRead MoreAccounting753 Words   |  4 PagesCampbellsville University School of Business and Economics SYLLABUS Course Title: ACC 601 Managerial Accounting Semester/Dates: Graduate Term 1: August 29, 2011 – October 23, 2011 (Traditional MBA) Meetings: Thursday (6:00 PM – 10:00 PM), AD 25 Faculty: Dr. Sunny Onyiri Office: AD 29-b Phone: (502) 365 4424 Read MoreApplying Personal Managerial Accounting Problems1296 Words   |  6 PagesACT510Z-AGAC02S-01-Accounting Theory for Management Decisions, by Dr. Miller which is a hybrid class; and 2. FIN540X-A1-07-Managerial Finance by Dr. Anne which is a fully online class Outcomes from my first course ACT510Z to My Workplace The course outcomes for the ACT510Z-AGAC02S-01-Accounting Theory for Management Decisions - by Dr. Miller (Sullivan University, 2015a, P1) are: †¢ Solve various managerial accounting problems †¢ Utilize critical thinking skills in addressing various managerial accounting issuesRead MorePort Authority Analysis1245 Words   |  5 PagesAuthority exploits managerial accounting techniques to increase profit margin and maintain its competitive edge over the neighboring airports. Meanwhile, managerial accounting instruments assist terminal managers in recognizing, measuring, analyzing, deciphering, and conveying data information to realize the Organizations goal (Hilton Platt, 2017). With a balanced scorecard implemented, all managers, including managerial accountants, use the strategy for accurate decision-making to reduce cost andRead MoreManagerial and Financial Accounting1235 Words   |  5 Pagesï » ¿Part 1 Managerial and Financial Accounting: Key Differences Several differences exist between the above branches of accounting. To begin with, when it comes to financial accounting, the financial reports prepared are primarily utilized by external users including but not limited to regulators, creditors and stockholders (Weygandt, Kimmel and Kieso, 2009). On the other hand, managerial accounting reports are primarily meant for internal users i.e. managers and other officers of the firm. TheseRead MoreWhy An Ais ( Accounting Information System Is Not Optional But Mandatory1443 Words   |  6 PagesFinancial accounting is the procedure that encompasses the planning of financial reports on the organization for utilization by both inside and outside parties. Clients of these related reports incorporate investors, speculators, lenders, administrators, managers, unions, as well as external government agencies. Conversely, managerial accounting is the procedure of recognizing, measuring, investigating, and imparting financial information required by administration and management to plan, arrangeRead MoreEssay about Financial Accounting versus Managerial Accounting Matrix640 Words   |  3 Pagesï » ¿University of Phoenix Material Role of Financial Accounting versus Managerial Accounting Matrix Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines. Term or Concept Financial Accounting Managerial Accounting What is the primary purpose of the accounting system? The main purpose of financial accounting is to prepare financial reports that provide information

Wednesday, May 6, 2020

Taking a Look at the Great Recession - 782 Words

Many economists have come to consider the 2008 financial crisis as the worst recession since the 1930’s Great Depression. The recession led to the total collapse of financial institutions, the withdrawal of banks by the national governments and the total collapse of stock markets across the world. The housing market also suffered in many areas, which resulted in prolonged unemployment, evictions and foreclosures. The crisis played a key role in the failure of significant businesses, the decline in the wealth of consumers, estimated in trillions of American dollars, a downturn in economic activities and the debt crisis of the European countries. On 9 August 2007, the Banque National de Paris (BNP), a French bank and financial company whose global headquarters are located in London, stopped withdrawals from three hedge funds citing a total evaporation of liquidity. This marked the beginning of the active phase of the crisis. In 2007, the bursting of the housing bubble of the U.S was at its peak. The bursting resulted in plummeting of security values tied to the U.S. real estate pricing. The complex interplay of policies that provided easier lending of loans, overpricing of sub-prime mortgages, on a theoretical basis that the prices would continue to increase, and inadequate capital holdings from insurance companies and banks to back their financial commitments contributed to the bursting of the bubble (Boatright, 2010). During 2008, securities suffered huge losses due toShow MoreRelatedThe World s Economy Was Devastated1732 Words   |  7 Pages Assignment 4 GEOG200 Bradley Bache 3129292 Submitted September 10, 2015 In 1929, the western world’s economy was devastated. With the crash of the United States Wall Street, the realm drove into what is now known as the â€Å"Great Recession†. Its neighbour to the north, Canada also felt these affects as unemployment and poverty grew. After a decade of despair, the massive rise in government spending for the Second World War and the reductions in taxes, the economies returned to prosperRead MoreEconomic Recession1290 Words   |  6 PagesEconomic Recession of 2007 William Mwangi Class title and section Professor’s name Due date of Assignment: 26th August 2011. William Mwangi Economic crisis Class Professor’s name 24th August, 2011. Economic Recession of 2007: What caused it and what were the after effects? Can we predict another major recession? Thesis Statement: Although the recession that dates back in 2007 is still long and deep and surely has shown some recovery, the potential that it will completelyRead MoreThe Great Recession Of 2008 Was A Worldwide Economic Downturn1673 Words   |  7 PagesThe Great Recession of 2008 was a worldwide economic downturn that impacted the global economy. Economists consider the economic decline as one of the most damaging recessions that occurred since the Great Depression of 1930’s. Several documentations and research regarding the recession have been made to make a better understanding of the economic downturn in 2008 as well as the global economy as a whole. The book used as reference in this essay, the Diary Of A Very Bad Year: Confessions of an AnonymousRead MoreA Companys Business Model1508 Words   |  7 Pages A company’s business model is a key factor in affecting a stock’s price especially in a recession. For example, companies that rely on consumer spend ing are at the mercy of their customer’s budget, which is often reduced in a recession; this translates into less on the bottom line, and therefore affects the business’s stock price. Industries such as the travel industry are heavily affected by economic downturn because consumers can relatively control how much they must travel and how much they goRead MoreGreat Depression And The Great Recession864 Words   |  4 PagesThe â€Å"Great Depression† and the â€Å"Great Recession† are two of the darkest times in American history. There is much debate about the cause of the Great Depression and how it differed from the cause of the Great Recession. Many people believe that the stock market crash of 1929 played a major role the Great Depression. On the other hand, the stock market crash of 2008 drove America into the Great Recession. The causes of stock market crashes are often unforeseen, but many have detectable indicators.Read MoreThe Great Depression in Cinderella Man Essay1592 Words   |  7 PagesThe Great Depression is seen as one of the most sorrowful and desolate times in the history of the United States. This time was the longest period of recession ever seen by this nation so far. It lasted from 1929 to 1939, over ten years of complete confusion and despondency within the people. Many Americans were affected greatly by this tragic time and sacrificed much of their lives so that they and their families may have the chance to live. This act of desperation can be seen throughout the movieRead MoreThe American Dream Is All About Stability1446 Words   |  6 Pagesoptimistic forecast from the realstate that the houses value were going to increase, many institutions started to make adjustments to take profit from this trend. In some cases, prime mortgages were allowed for subprime borrowers to take. This might look like a great idea to financial institutions because the house values were rising: if a people (who in the first pl ace couldn’t afford a house) stop paying their mortgages then the bank could sell the house for a value greater than the one at the moment ofRead MoreThe Role of Banks in Economic Recessions1644 Words   |  7 PagesThe role of banks in economic recessions 05.05.2009 In today’s wavering global economic context, the word `crisis` is omnipresent, taking the media by assault and infringing into the population’s daily life, although many countries haven’t even officially entered recession yet. Although recession is generally referred to as a negative Gross Domestic Product growth for a period of at least two consecutive quarters, other important economicRead MoreThe Great Recession Of The 2000 S Essay884 Words   |  4 PagesI. Introduction The Great Recession of the 2000’s is something many of us have been affected by in some way or form. From the real estate bubble to the acts of major firms on Wall Street-there were numerous factors that lead to this recession. The United States Government is to blame in large for what happened to the economy in the early part of the 2000’s. Major firms such as Merrill Lynch, Goldman Sachs, and AIG tried to used the failing economy as a huge paycheck to their CEO’s, payouts made partiallyRead MoreUnethical Behaviors And Roles Of The Top Financial1623 Words   |  7 Pagesit is the manner in which the top financial executives used greed and fraud to run the United Sates that led the country into a recession. The powerful people in economics and politics together set into the motion of housing market crash. Those activities had led the world into the worst economic great disturbance which is also leads to house market crash since the Great Depression. Data were co llected from books, and Internet sources by using the document analysis technique in order to test the hypothesis

Tuesday, May 5, 2020

Andy Worhal Essay Example For Students

Andy Worhal Essay Andy Warhol, the American painter, printmaker, illustrator, and film maker was born in Pittsburgh on August 6, 1928, shortly afterwards settling in New York. The only son of immigrant, Czech parents, Andy finished high school and went on to the Carnegie Institute of Technology in Pittsburgh, graduating in 1949 with hopes of becoming an art teacher in the public schools. While in Pittsburgh, he worked for a department store arranging window displays, and often was asked to simply look for ideas in fashion magazines . While recognizing the job as a waste of time, he recalls later that the fashion magazines gave me a sense of style and other career opportunities. Upon graduating, Warhol moved to New York and began his artistic career as a commercial artist and illustrator for magazines and newspapers. Although extremely shy and clad in old jeans and sneakers, Warhol attempted to intermingle with anyone at all who might be able to assist him in the art world. His portfolio secure in a brown paper bag, Warhol introduced himself and showed his work to anyone that could help him out. Eventually, he got a job with Glamour magazine, doing illustrations for an article called Success is a Job in New York, along with doing a spread showing womens shoes. Proving his reliability and skills, he acquired other such jobs, illustrating adds for Harpers Bazaar, Millers Shoes, contributing to other large corporate image-building campaigns, doing designs for the Upjohn Company, the National Broadcasting Company and others. In these early drawings, Warhol used a device that would prove beneficial throughout his commercial art period of the 1950s-a tentative, blotted ink line produced by a simple monotype process. First he drew in black ink on glazed, nonabsorbent paper. Then he would press the design against an absorbent sheet. As droplets of ink spread, gaps in the line filled in-or didnt, in which case they created a look of spontaneity. Warhol mastered thighs method, and art directors of the 1950s found in adaptable to nearly any purpose. This method functioned provided him with a hand-scale equivalent of a printing press, showing his interest in mechanical reproduction that dominates much of his future work. Such techniques used for almost all of his works derived from his beginning in the commercial arts. His pattern of aesthetic and artistic innovation, to expect the unexpected, began with his advertising art in the 1950s. Much of his future subject matter can be placed in the realm of such common, everyday objects, that were focused on in these early times. Nearly all of Warhols works relate in one way or another to the commercially mass-produced machine product. Hence, Warhols future artwork and techniques were greatly influenced by his rather humble beginnings. Although Warhol did receive recognition for much of his commercial illustrations during those times, he was constantly pursuing another career as well-that of a serious artist. Unfortunately, Warhol was not so successful at first in obtain this goal. His delicate ink drawings of shoes and cupids, among various others, had no place in a decade dominated by such heroic artists as William de Kooning and Jackson Pollock. Warhol And Pop Art Pop Art emerged in the US in the early 1960s, at first completely unacknowledged. During its beginning, Pop Art was often seen as an insult to the roles of such artists as Pollock and de Kooning, who were leading a revival of Abstract Expressionist, an abrupt and conspicuous dialectical reaction to a great wave of abstraction, at mid-century. Emerging with considerable fanfare, mainly condemnation, but by 1963-64, it suddenly began being extensively exhibited, published, and consumed as a cultural phenomenon By the early 60s, Warhol became determined to establish himself as a serious painter, as well as to gain the respect of such famous artists of the time such as Jasper Johns and Robert Rauschenberg, whose work he had recently come to know and admire. He began by painting a series of pictures based on crude advertisements and on images from comic strips. 4th grade Living Things Unit 4, Lesson 1Among the most iconic Death and Disaster images in the Electric Chair. (1963) According to Warhol, his replication of this image, both within the single composition and from painting to painting, was intended to empty the image of its meaning. The electric chair is shown from the front, fully visible, showing a sign reading SILENCE, the sign exclamating the emptiness of the execution chamber. The image, the chamber empty , showing only the sign, represents death as an absence and complete silence, a complete void. This notion was characteristic of Warhol, who once said I never understood why when you died, you didnt just vanish and everything could just keep going the way it was, only you just wouldnt be there, and who often stated that he wanted a blank tombstone when he died. Many wonder why Warhol chose such imagery to focus on, and he himself gives little reason. For some of these works, in which he shows images repeated relatively unchanged, he was attempting to lessen the shock of the viewer, recognizing such events for their face value, as everyday occurrences. When you see a gruesome picture over and over again, it doesnt really have and effect. As in the Jackies, images of the recently assassinated President Kennedys grieving widow, were repeated to reinforce the obsessive ways that our thoughts keep returning to a tragedy, and stress the flash of fame these little known(suicides) victims achieve in death. This can be said to be consistent with Warhols claim that everyone will be famous for 15 minutes. In this, does he mean by tragedy? Others claim the initial context for these subjects was journalistic- as an artist trained in drawing and pictorial design, he was obviously predisposed to consider the front page of the news and other media items in visual , artistic terms-as a media junkie who continually pursued and collected printed matter, he was drawn into a network of sensationalized intimacies with the protagonists of the news. Regardless, there is a tie between these images and his celebrity portraits. Warhol took up the theme of suicide shortly after his first meditations on Marilyn Monroes death. While doing those works, he said to have realized that everything I was doing must have been death. Thus, the idea of death was not a new one for him, and thereby his choice of subject matter may not have been completely random. Throughout the Death and Disaster paintings, Warhol makes use of background color to serve various functions. Mostly, throughout the series, he avoids the use of primary colors, using mainly secondaries, such as oranges, lavenders, and pinks, the types of colors you would expect to find in a wallpaper store. His use of background color in the Death and Disaster paintings is mostly extrinsic to the content of the images. In some, such as Lavender Disaster, the background color seems to intensify the effect of alienation created by the realism of the visual content. In others, such as Atomic Bomb, the red-orange color serves a supporting role. The images Warhol selected for these paintings were gruesome, though he showed again his brilliant eye for such images so effective in shocking the viewer. With an eye for the eccentricity of an individual event, Warhols paintings capture the unpredictable choreography of death. Using a broad range of images, from car crashes, suicides, burn victims, funerals, riots, to the culmination with the atomic bomb, Warhol succeeded in giving the viewer what one expected of Warhol; to expect the unexpected.