JL 531 Week 5 Assignment 1

Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2009). Accounting: Tools for business decision

Edmonds, T., Tsay, B., & Olds, P. (2011). Fundamental Managerial Accounting Concepts (6th ed.). New York, NY: McGraw-Hill/Irwin.

I narrowed search to include articles that have been peer reviewed and published between 2005 and 2015

Hilton, R. (2011). Managerial accounting: Creating value in a dynamic business environment (9th Ed.). McGraw-Hill. Hardcover ISBN: 9780073526928.

On 07/11/2016 at approximately 1149 hours, I, Security Officer James A-10280, was notified by a guest of a African American male selling a iPod on the Tulalip Casino Gaming floor. I made contact with a guest now known to me as Wade Maurice DOB: 08/24/83, who stated that he was trying to sell the IPod. I explained to Mr. Wade that selling any items in the casino is not aloud, and he would have to leave all Tulalip Gaming establishments for no less then 24 hours. Security Shift Supervisor Randy Stewart was notified.

Folk, M., J., Garrsion, H., R., & Noreen, W., E., (2002). Introduction to Managerial Accounting. New York, NY: McGraw-Hill/Irwin.

SFAC No. 8 addresses the cost constraint on useful financial reporting, “Cost is a pervasive constraint that standard setters, as well as providers and users of financial information, should keep in mind when considering the benefits of a financial reporting requirement.” (SFAC No. 8 BC 3.47) However, the ability to place a dollar value and fully enumerate a cost or benefit is almost an impossible task for standard-setters. Additionally, there is no way to successfully identify and measure all of the economic consequences associated with a new standard. The FASB should be applauded though for advancing uniformity in accounting standards, however; uniform financial reporting suggests a one size fits all approach. “Smaller, non-publicly listed firms (and their auditors) argue that accounting standards are formulated mainly for larger, publicly traded firms” and that “compliance costs are disproportionately higher and the

Above: Above grade level students will be expected to complete 8-10 rounds of the three-digit addition problems during the provided activity time. The teacher will ask above grade level students key questions (What other strategy could you use to check your answer?) Above grade level students will be asked to complete two rounds of the activity adding three, three-digit numbers (roll the three dice three times). The students will be asked to draw or write one strategy they used to solve the three, three-digit addition problems. If students complete the activity early, they can be a “teacher’s helper” and provide ESOL and below grade level students with assistance that is closer the their zone of proximal development. (The student has to obtain a high level of understanding to be able to teach the material.)

What makes a large organization like Wal-Mart financially successful? One could say it is the result of outstanding personnel or perhaps a strong determination to succeed. These factors certainly contribute. However the key to financial success in organizations lies in good accounting. Since early civilization began, accounting has been an important part of our financial transactions. In today’s world our use of modern accounting systems and accurate financial statements are critical components that make modern organizations successful. To facilitate understanding of this point one must understand how

The dermis contains elastic and fibrous tissues such as fibrillin, collagen and elastin. These tissues gives

Management accounting is a political technology, constantly evolving to meet demands of stakeholders of a company and to facilitate competitive advantage. A management accountant acts as a tool to devise and implement strategies. Pre-1920, decision-making processes were executed using strictly financial instruments such as cost profit analysis. “The growth of modern corporation, between 1880 and 1925 provided stimulus for development in innovative management accounting practices” (Kaplan, 1984). Due to the prominence of the world trade organisation and international monetary fund, trade barriers have

Financial management is important to the organization because it provides pertinent finance and accounting information to help managers accomplish the purpose of the organization. Financial accounting provides accounting information to external users. On the other hand, managerial accounting is more for managers (internal users) to use for things like planning, budgeting, etc. The definition of finance has changed over the years, but it’s used to ultimately evaluate previous decisions and make assessments for future decisions of the organization.

Managerial Accounting reports are primarily used by supervisors, line managers, process owners, as well as executives, to gain a better understanding of the current financial and operational health of the organization. (Internal)

Generally, the accounting professionals calling in the United States as well as in the whole world seemed to be focused on the readiness and examining of money related articulations. Many people consider Certified Public Accountants (CPAs) and different experts of accounting while saying financial accounting. In any case, in different parts of the world, management accounting order is a division of the accounting field (Sahi and Dua 2012). Management accounting and financial accounting are two distinct callings in such locales. Administration accounting, as a sub control, manages money related and non-monetary data to bolster a scope of administrative choices. Then again, money related accounting focuses on monetary information just to bolster both loan bosses' and financial specialists' choices on capital allotment (Kinney and Raiborn 2008). Management accounting fundamentally concentrates on enhancing business execution yet not guaranteeing that the business complies with the set measures. From this perspective, it is evident that monetary accounting dominates management

The Burns and Scapens framework for analyzing managerial accounting change was built on the study of old institutional economics, which sees "economics as a process of social provision, subject to multiple and cumulative causation." This view culminates in a model that argues that the managerial accounting practices at institutions are subject to a process of constant change, influenced by routines and rules. The institutions contribute to these routines and rules, but so do actions on the part of managers within the institutions. By combining multiple influences over time, we arrive at modern managerial accounting practice. In other words, Burns and Scapens tells us that managerial accounting practice changes over time, influenced by a number of factors including rules, routines and actions.