Ima argues that although activity-based costing (abc) is not a panacea, it is essential for a company to implement a management accounting system such as abc for all its stakeholders—its employees, its community, its loyal customers, and its shareholders—to understand its cost structure.

Prior to beginning work on this discussion, please download and read the report Implementing Activity-Based Costing (Links to an external site.) published by the Institute of Management Accountants (IMA). IMA argues that although activity-based costing (ABC) is not a panacea, it is essential for a company to implement a management accounting system such as ABC for all its stakeholders—its employees, its community, its loyal customers, and its shareholders—to understand its cost structure.
After reading IMA’s report, in an initial post of at least 200 words, discuss what activity-based costing is and examine how it impacts the role of management accountants in the broader context of performance management that integrates time, quality, service levels, risk, capacity planning, and costs.
https://www.imanet.org/insights-and-trends/strategic-cost-management/implementing-activity-based-costing?ssopc=1

Assess how the new process accounting approach affect each business unit’s incentives and tools to control costs.

Prior to beginning work on this discussion, please read the article How Boeing Tracks Costs, A to Z (Links to an external site.) and in an initial post of at least 200 words explain the change in Boeing’s costing approach from one based on job-costing to a process-costing approach. In your post,
Demonstrate the major distinctions between the job-costing and the process-costing systems.
Explain what Boeing means by process accounting.
Discuss the advantages of the process accounting approach at Boeing.
Assess how the new process accounting approach affect each business unit’s incentives and tools to control costs.
https://www.thefreelibrary.com/How+Boeing+tracks+costs,+A+to+Z.-a016497406

Provide a summary and a reaction on the article.

Find a journal article online about job-costing systems.
Provide a summary and a reaction on the article. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge.

Mostly agree with the author and provide your own persuasive assertions that extend support for the author’s position, or mostly disagree with the author and provide your own persuasive assertions that defend your counter-position

It’s a prompt response, therefore I don’t know the topic yet. I’ll have one hour to complete it. It’s due today at 7:30pm. Are you available to do it?
Instructions
Your Task: compose a critical response essay—including, ideally, an introduction, at least three body paragraphs, and a conclusion—to the text below
Goals: your essay should include the following:
– A brief summary of the author’s argument
– Your own argument which should either:
mostly agree with the author and provide your own persuasive assertions that extend support for the author’s position, or
mostly disagree with the author and provide your own persuasive assertions that defend your counter-position
Your refutation of at least one objection a reader might have to your argument (or any point therein

Please provide a response based on the above instructions.

INSTRUCTIONS: Respond to AT LEAST 2 peers by providing an actual transaction example of the exception provided by your peer. Discuss at least one pro and one con for the Income Statement due to the exceptions for your transaction. Below is the discussion post of two of my peers. Please provide a response based on the above instructions.
1. “The matching principle is important to follow to show that there is a credit for every debit and each month the funds balance. There are exceptions that companies might not follow the matching principle. For example, “if a company with billions of dollars in revenue buys an office item worth $1000 whose productive life is over five years may choose not to apply the matching principle.” This smaller $1000 item that was purchased would have to be recorded monthly for 5 years, and it was not that large of an expense for the company. Therefore, it is easier for them no record it and not following the matching principle for that item.”
2. The matching principle states that companies are to report expenses, and related revenue, at the same time. “The principle works well when it’s easy to connect revenues and expenses via a direct cause and effect relationship. There are times, however, when that connection is much less clear, and estimates must be taken.” (CFI Team 2020) There can be exceptions, or challenges, when applying the matching principle, like if a big corporation were to invest over one million dollars for online marketing. The revenue can be hard to track, as it could potentially take months or even years for a customer to click on one of their ads to buy a product. In this example, the marketing expense would show on the income statement for the period of when the advertisements are shown, rather than when the revenue is accumulated.

Financial Statement Analysis Report Assignment For this assignment, access a cop

Financial Statement Analysis Report Assignment
For this assignment, access a copy of the company’s annual report. This information will typically be located on the company website under “Investor Relations,” or on the Securities and Exchange Commission (SEC) website for the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. Read through the annual report to become familiar with the company.
Chosen Company: KROGER
1. Synthesize the information from each of the press releases or articles collected by the group members and explain why this information is significant in comparing the company’s current market share to that of its competitors. 100 words and 1 source
2. Compare the company’s advantage and products to relevant industry competitors. Include justification of your competitor selection. 200 words and 2 sources
***NO PLAGIARISM***
*** Please include quotation in the essay ***

Topic 1 (1page) Respond to the following using current literature: Critics of th

Topic 1 (1page)
Respond to the following using current literature:
Critics of the Federal Income Tax often complain about the complexity of the tax law …. In fact, former President Jimmy Carter called our tax law “a disgrace” and Albert Einstein threw up his hands in frustration and said that it was too complicated for him to understand. One common suggestion to improve our tax law seems to be that it would be much easier to raise revenue for the Federal government with a national sales tax or a flat income tax with no deductions (based simply on gross income). Please refute these contentions and defend our tax system. Explain how the Income Tax is designed to achieve multiple goals, i.e., social – political – economic – stimulus – incentive – disincentive objectives ….. and that raising revenue for the government is not the only purpose of the income tax law.
Topic 2 (1page)
Respond to the following using current literature:
What are the current tax issues being reported in the press and are there any major changes that might be coming up in the future? Do you think that these changes are going to help our economy or set us back and why?

René Kelly, president of RL Industries, wishes to issue a press release to bolst

René Kelly, president of RL Industries, wishes to issue a press release to bolster her company’s image and maybe even its stock price, which has been gradually falling. As controller, you have been asked to provide a list of 20 financial ratios and other operating statistics for RL Industries’ first-quarter financials and operations.
Two days after you provide the data requested, Erin Lourdes, the public relations director of RL, asks you to prove the accuracy of the financial and operating data contained in the press release written by the president and edited by Erin. In the news release, the president highlights the sales increase of 25% over last year’s first quarter and the positive change in the current ratio from 1.5:1 last year to 3:1 this year. She also emphasizes that production was up 50% over the prior year’s first quarter.
You note that the release contains only positive or improved ratios and none of the negative or deteriorated ratios. For instance, no mention is made that the debt to assets ratio has increased from 35% to 55%, that inventories are up 89%, and that although the current ratio improved, the accounts receivable turnover fell from 12 to 9. Nor is there any mention that the reported profit for the quarter would have been a loss had not the estimated lives of RL plant and machinery been increased by 30%. Erin emphasized, “The Pres wants this release by early this afternoon.”
Instructions
a. Who are the stakeholders in this situation?
b. Is there anything unethical in the president’s actions?
c. Should you as controller remain silent? Does Erin have any responsibility?

As we’ve discussed many aspects of money laundering, you all should be able to e

As we’ve discussed many aspects of money laundering, you all should be able to explain the many, many attributes of how money laundering is an integral part of a financial crimes scheme. Thus, the key tenets of the essay shall include:
History of money laundering, including the laws and regulations governing money laundering
3 stages of money laundering with examples of each
How do the following intertwine with money laundering:
Fraud
Narcotics trafficking
Terrorist financing
1 case study that involved both fraud and money laundering (summarize case)
Can easily be found from various law enforcement open sources, such as Homeland Security Investigations or Securities and Exchange Commission websites.
How does Forensic Accounting/ everything learned thus far tie into money laundering investigations?
Most interesting aspect of money laundering to you (personally)
This section will be unique to each student and may include references to movies or TV shows.
Essay Requirements:
Any essay format that you are most comfortable with
Times New Roman
Font size 12
Max spacing 1.15 (No 1.5 or Double)
The “A” paper will have addressed all the tenets above in depth and not simple, short answers
Typically 6-7 pages of substance; does not include a cover page or Table of Contents
Separate from the computational forensic analysis completed in class, this is your opportunity to articulate to me that you conceptually understand all aspects of forensic accounting / financial crimes investigations – – following the money (fraud, terrorist financing, and money laundering)
Additional Resources:
http://library.lol/main/50C5917A3D60A0EBCF02AE3D90C618D7
Federal Deposit Insurance Corporation (FDIC) – https://www.fdic.gov/regulations/examinations/bsa/ (Links to an external site.)
Financial Crimes Enforcement Network (FinCEN) – https://www.fincen.gov/index.php/about/mission (Links to an external site.)
https://www.fincen.gov/index.php/resources/statutes-regulations (Links to an external site.)
https://www.fincen.gov/resources/statutes-and-regulations/bank-secrecy-act/bsa-timeline (Links to an external site.)
Homeland Security Investigations (HSI) –
https://www.ice.gov/hsi (Links to an external site.)
https://www.ice.gov/news/overview (Links to an external site.)
Dept. of Justice (DOJ) –
https://www.justice.gov/news (Links to an external site.)
Securities and Exchange Commission (SEC) – https://www.sec.gov/about/offices/ocie/amlsourcetool.htm (Links to an external site.)
https://www.sec.gov/news/pressreleases

Pick a large company you like. Find their Statement of Cash Flows on their lates

Pick a large company you like. Find their Statement of Cash Flows on their latest annual report, (not a summary, but the actual financial statement).
Describe the three sections of cash flows and what they involve.
For each section, tell us the total amount, if it is positive or negative, and analyze what each one tells you about the company.
Upon studying its statement of cash flows, what does this combination of cash flows suggest to you about the firm?
Is there any additional information that you would like to see to better understand this company? If so, what?