Globalization

According to Friedman (2000 in Blythe & Zimmerman, 2005), globalization is the “inexorable integration of markets, nation-states and technologies to a degree never witnessed before-in a way that is enabling individuals, corporations and nation states to reach around the world farther, faster, deeper and cheaper than ever before, and in a way that is enablingRead more about Globalization[…]

FUTURE CHALLENGES FOR HEALTHCARE MANAGEMENT

Managers are charged with the responsibility of monitoring both the internal and external environment of their organizations in order to anticipate changes, which could have both positive and negative implications on organizational performance. The future is uncertain and therefore presents both opportunities and challenges for healthcare organizations. The economy is also very dynamic and asRead more about FUTURE CHALLENGES FOR HEALTHCARE MANAGEMENT[…]

Differences between Financial Reporting and Managerial Accounting Information

Financial Reporting (FR) involves the analysis and interpretation of financial statements to reveal the financial position of a business over a given period. It helps to determine the overall performance of the organization, its efficiency in resource utilization, solvency and weaknesses (Mitra, 2009, 12). Management Accounting (MA) on the other end of the spectrum entailsRead more about Differences between Financial Reporting and Managerial Accounting Information[…]

Cost Control Processes

Introduction The main aim of the report is to elaborate the cost control process for a construction project. To this end, it will explore the operating cycle, budgets, earned value measurement system and strategies that will be adopted to address a possible cost overrun dilemma. The cost control process will entail cost monitoring, data recordingRead more about Cost Control Processes[…]

Discuss the issues raised in the above excerpts. Include your views on the role that the accounting profession can play in the demonstration of Corporate Social Responsibility and Sustainable Development. Also, identify any problems that the profession may encounter in this process.

Discuss the issues raised in the above excerpts. Include your views on the role that the accounting profession can play in the demonstration of Corporate Social Responsibility and Sustainable Development. Also, identify any problems that the profession may encounter in this process. Accountants might not be the last hope for the world’s ecosystems but theyRead more about Discuss the issues raised in the above excerpts. Include your views on the role that the accounting profession can play in the demonstration of Corporate Social Responsibility and Sustainable Development. Also, identify any problems that the profession may encounter in this process.[…]

AUSTRALIAN BUSINESS LAW

SECTION A Question 1 A real estate agency was selling apartments with a view of the sea.  The agency assured prospective buyers that the view was protected because the land between the apartment block and the sea was zoned for low-rise development. This was based on information provided by a council officer.  However, the councilRead more about AUSTRALIAN BUSINESS LAW[…]

NEGATIVE NET EQUITY

Negative equity generally occurs when the value of an asset used to secure a loan falls below the outstanding balance on the loan. From a financial analysis perspective, a firm is said to have a negative net equity when the value of its liabilities is greater than that of its assets. In this case, itRead more about NEGATIVE NET EQUITY[…]

Activity Based Costing

Unlike the first cost allocation criterion, activity based costing uses a number of cost pools, organized by activity, to allocate the overhead costs (Hirsch, 2006; Cokins, 2001). The main aim of this type of costing is to allocate costs to each cabinet based on their individual use of the costly activities (Heisinger, 2008). Activity based costingRead more about Activity Based Costing[…]