Accounting essay samples

MANAGEMENT INFORMATION SYSTEMS (MIS)

The most common technology applied by MFIs is the management information system known as MIS. MIS is an integrated computer-based application used to access useful, timely and accurate information to allow the user to make appropriate decisions, and manage information effectively and efficiently... read more

Both have same elementary functionalities to assign material, work and operating costs to items and to provide means for computing unit item cost.

Both use similar elementary processing accountants, including manufacturing costs, raw materials, work in process and processed goods.

The flow of costs through the processi... read more

Transfer pricing has the main role of offering motivations for upfront investment and promoting intercompany transfer. When transfer prices are predetermined via negotiation, divisional executives will have inadequate investment motivations as a result of “hold-up” challenges while cost-based transfer method can evade such “hold-up” challenges. Transf... read more

Contribution margin per unit in this case the air cut is the amount by which sales or income revenue is goes beyond or exceeds the amount of variable costs. Contribution margin can be calculated as the total contribution margin and the contribution margin per unit (Pinson, 2008). The formula for the calculation is as follows;

Contr... read more

Crown Limited is an Australian company that operates in gaming and entertainment industry. Its primary business is concentrated in Australia where it owns and operates two large resorts in Melbourne and Perth. Each of the resorts provides hotel, entertainment and gaming services. Crown Limited also holds 50% interest in large casinos in United Kingdom... read more

Patent can be described as a type of intellectual property that has a set of selected rights given by an independent state to the person who invented the property. The rights granted are for a period of time which in exchange they disclose their property to the public to use it. The processes of having the patent requirements given to the patentee var... read more

This is the total amount of tax that an entity or organization is under obligation to pay to the tax authority as a result of happening of a taxable event, using the appropriate tax rate.

Gross Income

The computation of the total taxable income begins with the calculation of the gross total taxable income. This include... read more

Absorption and Variable cost accounting methods

Both absorption and variable cost accounting methods are important in determining and allocating costs in a manufacturing company. Absorption cost accounting method uses all costs in a manufacturing company, while, allocating costs, regardless of whether they are fixed or variable. Th... read more

1.value:10.00 points Match each definition with its related term by selecting the appropriate letter in the space provided. There should be only one definition per term (that is, there are more definitions than terms). Definition: A. = Liabilities + Stockholders’ Equity. B. Reports assets, liabilities, and stockholders’ equity. C. Accounts for a business separate from its owners. D... read more

The selling price per unit of a product is achieved by dividing total sales or contribution by the number of units produced. For the electronic product and accessories company, the total projected units to be produced were 80000 units of the product .The controller of the company company’s controller Mr. John Huxley when met with George explained that... read more