Download Cost Accounting: Foundations and Evolutions (Available by Michael R. Kinney (Author), Cecily A. Raiborn (Author) PDF

By Michael R. Kinney (Author), Cecily A. Raiborn (Author)

ISBN-10: 1439044619

ISBN-13: 9781439044612

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"The benefit of the Kinney/Raiborn e-book is clarity. The shows are amazing. Kinney and Raiborn do a superb activity of writing and make what scholars actually need to grasp as transparent as attainable. The Kinney/Raiborn ebook does an excellent task on extra smooth issues similar to ABC, TQM, and JIT."

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"A energy of the textbook is the standard of the workouts and difficulties on the finish of every bankruptcy. this stuff . . . do an exceptional task of reinforcing very important suggestions within the bankruptcy. in addition, so much chapters have one or broad-scope difficulties that combine a number of the innovations provided in that bankruptcy and, from time to time, additionally combine thoughts from previous chapters. one other energy is that the narrative in the chapters is written in a transparent demeanour and the indicates quite often offer transparent reinforcement of bankruptcy concepts."

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Extra info for Cost Accounting: Foundations and Evolutions (Available Titles Cengagenow)

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Prepare a “then-versus-now” comparison. b. What five skills do you believe are the most important for management accountants to possess? Discuss the rationale for your choices. Do you think these skills have changed over the past 10 years? Why or why not? Internet 17. 1 (Interview; research) Call a local company and set up an interview with the firm’s cost or management accountant. The following questions can be used as starting points for the interview: • What is your educational background? • What was your career path to attain this position?

Supply—managing raw materials received from vendors. Companies often develop longterm alliances with suppliers to reduce costs and improve quality. Johnson Controls is the supplier for some General Motors cars’ seating systems, electronics, instrument panels, overhead systems, floor consoles, door systems, and cargo management systems. The relationship is working well, given that Johnson Controls is considered one of GM’s top suppliers almost every year. In many instances, suppliers become extensions of a company’s upstream operations.

However, simply because two items change together does not prove that the predictor causes the change in the other item. For instance, assume that every time you see a Tundra commercial during a sports event, the home team wins the game. If this is consistent, observable behavior, you can use a Tundra commercial to predict the winning team—but viewing the commercial does not cause the team to win! In contrast, a predictor that has an absolute cause-and-effect relationship to a cost is called a cost driver.

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