Managerial Accounting Essay Example for Free

Managerial Accounting Essay Accountants and auditors help to ensure that firms are run efficiently, public records kept accurately, and taxes paid properly and on time. They analyze and communicate financial information for various entities such as companies, individual clients, and Federal, State, and local governments. Beyond carrying out the fundamental tasks of the occupation— providing information to clients by preparing, analyzing, and verifying financial documents—many accountants also offer budget analysis, financial and investment planning, information technology consulting, and limited legal services. Managerial Accounting: Managerial accounting is concerned with providing information to managers that is, people inside an organization who direct and control its operation. Managerial accounting provides the essential data with which the organizations are actually run. Managerial accounting is also termed as management accounting or cost accounting. Standard costing is an important subtopic of cost accounting. Standard costs are usually associated with a manufacturing companys costs of direct material, direct labor, and manufacturing overhead. Rather than assigning the actual costs of direct material, direct labor, and manufacturing overhead to a product, many manufacturers assign the expected or standard cost. This means that a manufacturers inventories and cost of goods sold will begin with amounts reflecting the standard costs, not the actual costs, of a product. Manufacturers, of course, still have to pay the actual costs. As a result there are almost always differences between the actual costs and the standard costs, and those differences are known as variances. Standard costing and the related variances is a valuable management tool. If a variance arises, management becomes aware that manufacturing costs have differed from the standard (planned, expected) costs. * If actual costs are greater than standard costs the variance is unfavorable. An unfavorable variance tells management that if everything else stays constant the companys actual profit will be less than planned. * If actual costs are less than standard costs the variance is favorable. A favorable variance tells management that if everything else stays constant the actual profit will likely exceed the planned profit. Use in Business: Managers rely on cost accounting to provide an idea of the actual expenses of processes, departments, operations or product which is the foundation of their budget, allowing them to analyze fluctuation and the way funds are used socially for profit. It is used in management accounting, where managers justify the ability to cut expenses for a company in order to increase that company? s profit. As a tool for internal use, versus a tool for external users like financial accounting, cost accounting does not need to follow the GAAP standards (Generally Accepted Accounting Principles) because its use is more pragmatic. It is a very important part of the management accounting process. In order for managers to determine the best methods to increase a companys profitability, as well as saving a company money in the future, cost accounting is a necessary system in the management of a companys budget, providing important data to analyze fluctuation in company production expense.

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After the Civil War conditions were bad for both Southern blacks and Southern whites. There were 4 million black men and women emerging from bondage. They began forming all black communities, freeing themselves from white control. But in 1865, Southern state legislatures began enacting sets of laws called Black Codes. These laws authorized local officials to apprehend unemployed blacks, fine them for vagrancy and hire them out to private employers to satisfy their fine. Some codes allowed blacks to only take jobs as plantation workers or servants. The South found a way to go back to slavery without breaking the new laws. In 1866, Congress passed the first Civil Rights Act, which declared blacks as citizens of the United States which allowed the federal government to intervene in state affairs when necessary to protect the rights of the citizens. Then in June of 1866, Congress approved the 14th Amendment which states that everyone born in the United States, and everyone naturalized was automatically a citizen and entitled to equal protection by both state and national government. Even though slavery was abolished and blacks were, at least by law, free and considered equal, they still did not have the same rights and opportunities as white people. In February of 1869, Congress passed the 15th Amendment. The Amendment attempts to ensure black voting rights by stipulating that voting rights cannot be denied on the basis of race, color, or previous servitude. But yet it did nothing to allow the Southern whites to prevent blacks from voting. Since blacks were not educated and did not own property or have the money to pay poll taxes it made it almost impossible for blacks to vote. There was a dramatic improvement in south... ...freedom was granted to the slaves, they were no longer property and therefore no longer worth anything to the former slave owners. In every which way the South tried to get back to the ways of slavery. Blacks also faced the dark problem of hate crimes and white supremacy. Blacks never actually gained their freedom for years to come. Freedom is the lack of restrictions, but blacks were still being told what they can and cannot do or where they can and cannot go. The law stated that blacks were allowed to vote but made it almost impossible for them to actually do so. The blacks were given land then had it taken away from them when the whites who abandoned that land came back to claim it. It was a struggle for a former slave to begin an actual life for them or their families. Blacks were not given the opportunities and the chance at the new life that they were promised. Essay -- After the Civil War conditions were bad for both Southern blacks and Southern whites. There were 4 million black men and women emerging from bondage. They began forming all black communities, freeing themselves from white control. But in 1865, Southern state legislatures began enacting sets of laws called Black Codes. These laws authorized local officials to apprehend unemployed blacks, fine them for vagrancy and hire them out to private employers to satisfy their fine. Some codes allowed blacks to only take jobs as plantation workers or servants. The South found a way to go back to slavery without breaking the new laws. In 1866, Congress passed the first Civil Rights Act, which declared blacks as citizens of the United States which allowed the federal government to intervene in state affairs when necessary to protect the rights of the citizens. Then in June of 1866, Congress approved the 14th Amendment which states that everyone born in the United States, and everyone naturalized was automatically a citizen and entitled to equal protection by both state and national government. Even though slavery was abolished and blacks were, at least by law, free and considered equal, they still did not have the same rights and opportunities as white people. In February of 1869, Congress passed the 15th Amendment. The Amendment attempts to ensure black voting rights by stipulating that voting rights cannot be denied on the basis of race, color, or previous servitude. But yet it did nothing to allow the Southern whites to prevent blacks from voting. Since blacks were not educated and did not own property or have the money to pay poll taxes it made it almost impossible for blacks to vote. There was a dramatic improvement in south... ...freedom was granted to the slaves, they were no longer property and therefore no longer worth anything to the former slave owners. In every which way the South tried to get back to the ways of slavery. Blacks also faced the dark problem of hate crimes and white supremacy. Blacks never actually gained their freedom for years to come. Freedom is the lack of restrictions, but blacks were still being told what they can and cannot do or where they can and cannot go. The law stated that blacks were allowed to vote but made it almost impossible for them to actually do so. The blacks were given land then had it taken away from them when the whites who abandoned that land came back to claim it. It was a struggle for a former slave to begin an actual life for them or their families. Blacks were not given the opportunities and the chance at the new life that they were promised.

Zara – SWOT Analysis

Topshop was setup in 1964 in the basement of a department store. It became part of Arcadia Group Ltd alongside shops like Miss Selfridge, Wallis, Dorothy Perkins and Outfit. Now, they have over 300 stores in the UK and ship to more than 100 countries worldwide. Oxford Circus in London is Topshop’s flagship store; they’ve also recently opened flagships in Chicago and New York.Topshop specialise in on-trend and high-fashion clothing. They sell Women’s, Baby, and Maternity. Topshop have collaborated with many designers and celebrities like Christopher Kane and Kate Moss to create fresh and unique looks. They are also the first ever high street brand in history to attend London Fashion Week.Communication is a way of passing on a message or transferring information. A business needs accurate and relevant information so they can make important decisions in order to remain competitive. There are two different types of communication; internal and external. Internal commu nication means communication within the company, for example a manager to all shop-floor staff. External communication is the company communicating with others outside of it, its customers.Topshop communicate internally and externally public in a variety of ways. One example of external communication would be Twitter. Twitter is a social networking site that has millions of users. Topshop use Twitter to interact with their customers; this may be to reveal new items, keep them up to date on events, or even handle customer complaints. By using Twitter, Topshop are keeping their customers up to date with important information as they know that most of their target market (16-34 years) use the website. Other social media Topshop use are Facebook, Instagram, Tumblr and Pinterest. Many departments that would use this way of communication would be Marketing, PR and IT.Email is a way of communicating both internally and externally. Internally, Topshop would use email to communicate between staff, for example Head Office emailing all staff to inform them of an upcoming event, a new range  etc. Topshop can email externally through newsletters. Newsletters (handled by IT or Marketing and PR) inform their customers of new clothing ranges, upcoming events, trend alerts, and sales. People can subscribe to these by putting their email address into the website. This way, Topshop can keep their customers up to date with important information.Another type of external communication that Topshop use is YouTube. YouTube has over 1 billion different users each month (in the UK), and Topshop use this to their advantage. They have their own channel which has over 35,000 subscribers. They upload videos daily of things such as ‘EDITED’ where a Topshop stylist will create outfits with the new collection. Or ‘5 Ways to Wear’, which showcases Topshop’s clothing. YouTube is a great way for Topshop to promote their products and also communicate with their customers. The commenting system on YouTube allows Topshop’s customers to comment on what they like and dislike, or even recommend what they’d like to see next. The IT, Marketing and PR departments would have a strong presence in this type of communication. Styling and Personal Shopping (aka customer service) would have an input too.

Merit-Based Utopia Essay - 1113 Words

People are the building blocks of a society. The society is perfect only if each individual achieves happiness through his/her own satisfaction from achievements. In order for that to happen, the society should be merit-based. A place where people have an incentive to work for themselves without harming others will ensure a safe, respectful, and successful community. Unlike our society in the twentieth century, people are actually encouraged to strive for success and get rewarded according to the level of accomplishment in this utopia. The main idea of a merit-based society is a person receives what he works for. The most hardworking people are the wealthiest, most respected, and most loved. At the same time, these people are very happy†¦show more content†¦Incentive is an invisible but effective force that causes people to act a certain way, according to the ten principles of economics. (Mankiw, 7) Firstly, the role of government is very different in a merit-based society compared to the American government. In a merit-based society, the government is only responsible for enforcing a law that forbidden a person from doing harm to others, arresting those who break this law and sending them to jail. This idea is similar to Ayn Rand’s objectivism, in which she says, â€Å"Punishment is the only proper function is government.† (Ayn Rand First Interview 1959 (Full)) If punishment exists, people will refrain from causing harm to others because of the idea that people avoid punishment called second ary negative reinforcement proved by a psychological experiment. (Logan) The government also differs from the American government in its treatment of welfare. In the merit-based society, there is no welfare. The government does not tax nor lend help to anyone because welfare discourages people from fully using their potentials. If welfare is available to the non-wealthy, people tend to become one of them by not working and being fed by the government. Taxes are also eliminated because some people restrict their income to a certain degree by processes called tax avoidance and tax evasion because they want to pay less tax to the American government. (Mankiw, 244) A merit-based society provides noShow MoreRelatedAn Analysis Of Aphra Behn s Seventeenth Century Travel Narrative, Oroonoko, And Utopia1289 Words   |  6 Pagessixteenth-century Utopia displays his subtle criticism of English society behind the words of his character Raphael Hythloday, who travels the world and explores the rationality of Utopia. These authors criticize many of the conventions o f their time periods through their characters’ explorations into new ideas and territories. In Oroonoko and Utopia, nature and reason lead the natives’ governments and societies instead of the corruption of the wealthy and noble Europeans. 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