This chapter explores how budgets can be adjusted so that meaningful comparisons to actual costs can be made. This chapter include objectives: Prepare a flexible budget, prepare a report showing activity variances, prepare a report showing revenue and spending variances, prepare a performance report that combines activity variances and revenue and spending variances, prepare a flexible budget with more than one cost driver, understand common errors made in preparing performance reports based on budgets and actual results.
Chapter 12 - Budgeting and performance measurement. After studying Chapter 12, you should be able to: Explain the objectives of budgeting; explain the differences among various budgeting approaches; describe the budgeting process for a state or local government, including the procedures involved in preparing specific types of budgets;...
If a football star touts a deodorant soap, an actress starts everyday with brand. A coffee, a
tennis pro get stamina from Brand X cereal and if a talk show host drives a certain car it does not
mean that your going to do that. I agree with Jozui if an atractive talk-show host gets paid to
pretend to drive a car, it does not mean that your going to go buy one.
It would be good boycotting this kind of advertisement but theres always a positive &
negative side to the advertisements. Boycotting this advertisement will be good so...
Providence City acquired its power plant from a private company on June 1. No receivables were acquired with the purchase. Therefore, total accounts receivable on June 1 had a zero balance.
Providence plans to bill customers in the month following the month of sale, and 80% of the resulting billings will be collected during the billing month. 90% of the remaining balance should be collectable in the next following month. The remaining uncollectible amounts will relate to citizens who have moved away. Such amounts are never expected to be collected and will be written off....
Subject to a number of exceptions, fund managers
that are SEC-registered investment advisers may not
charge any type of performance fee or carried interest
to their fund investors.
72 Rule 205-3 of the Investment
Advisers Act of 1940, as amended (the “Advisers Act”),
allows registered fund managers to charge such fees
to “qualiﬁ ed clients.”73 Rule 205-3 historically deﬁ ned
“qualiﬁ ed clients” as clients with at least $750,000 in as-
sets under management or a net worth of at least $150
Specialist cost and managemet accounting techniques, decision making techniques, budgeting and cotrol, performance measuremet and control as the main contents of the document paper F5 "Performance Management - Study text 2016". Invite you to consult.
We identified 39 funds for which direct support was provided and a no-action letter was not
requested. We also noted numerous funds for which a no-action request was made but no support was
subsequently disclosed. By reviewing the financial statements, we obtain additional information on the
nature and amount of support on an ex post basis. Finally, as previously noted, our data set focuses only
on direct support to U.S.
Bryan Singler is evaluating results for three separate business segments under his control. Selected financial information for each segment follows: Rank order the three segments based on “margin,” “turnover,” and “return on investment.” How is it possible that the rankings differ based on which evaluative model is used?
Carpet Clean manufactures a chemical carpet cleaner. The company was formed during the current year. As a result, there was no beginning inventory. Management is evaluating performance and inventory management issues, and desires to know both net income and ending inventory under generally accepted accounting principles (absorption costing) as well as variable costing methods. Relevant facts are as follows:
Canadian Autoparts manufactures and sells alternators. Canadian has been producing and selling approximately 1,500,000 units per year. Each units sells for $350, and there are no variable selling, general, or administrative costs. The company has been approached by a foreign supplier who wishes to provide an alternator component for $45 per unit. Total annual manufacturing costs, including the alternator component, is as follows:
We met first in September and were required to report by the end of the year.
The FRC’s announcement invited comments on the issues raised in our terms of
reference. In addition, we wrote to representative organisations and to leading
audit firms inviting their comments and assistance. A list of those who offered
comments is given in Appendix V. We have looked at experience in other
countries and noted current developments in the United States, the European
Union and elsewhere – see Appendix III.
The information required during implementation is
determined primarily by the scope of the project –
namely the purpose, results, activities, resource
requirements and budget – and by the management
arrangements (roles and responsibilities).
At the purpose and result levels, the key indicators and
sources of verification contained in the Logframe
matrix provide the focus for information collection and
Enriching opportunity - not sincere apology.
Prior to a large-scale extension project that would mean put-
ting up walls to screen off the building sites inside the terminal,
this was the slogan Copenhagen Airports adapted. When Copen-
hagen was Cultural City of Europe in 1996, several shops in
Terminal 2 were to be renovated and the decision was made to put
art on the temporary walls rather than the usual ‘sorry for the
Transportation project expenditures create jobs and business activity directly. An
economic analysis tool called Input-Output Tables (http://en.wikipedia.org/wiki/Input-
output_model) is used to quantify the direct and indirect jobs and business activity
created by specific expenditures by tracking how dollars flow from one industry to
another within a particular jurisdiction, such as a region or country.
Care is needed when interpreting this information since the data are aggregated and do
not necessarily reflect the specific program or project being considered.
Public expenditure on health is financed mainly through a combination of
contributions and general tax revenue transfers to the health insurance scheme.
There has been increasing reliance on the latter in recent years.
Participation in the health insurance scheme is compulsory for all citizens
living in Hungary, and opting out is not permitted. Based on the current legal
framework, coverage should theoretically be 100%, but the health insurance
status of approximately 4% of the population is unclear. The benefits package
is comprehensive but not exhaustive.
Chapter 20 - Master budgets and performance planning. After you have read this chapter you should be able to: Describe the importance and benefits of budgeting and the process of budget administration, describe a master budget and the process of preparing it, analyze expense planning using activity-based budgeting,...
Lecture Fundamental accounting principles - Chapter 23: Flexible budgets and standard costs. The learning objectives for this chapter include: Define standard costs and explain how standard cost information is useful for management by exception, describe variances and what they reveal about performance, analyze changes in sales from expected amounts, prepare a flexible budget and interpret a flexible budget performance report.
Our main empirical ndings are as follows. We nd that a range of nancial and macroeconomic
variables prove helpful in selecting funds that are capable of generating future alphas. In particular,
we nd evidence that a number of investment strategies (that use macroeconomic variables to
predict fund returns) generate out-of-sample alphas from 7-9%/year (after fund-level trading costs
and fees), when measured with a single-factor model, and from 12-13%/year with a four-factor
model that controls for fund exposures to size, book-to-market, and momentum.
In the CRSP data set, different classes of the same fund appear as different funds. We
identify the classes that belong to the same fund and obtain fund-level information by averaging
(weighting the classes by total net assets) the class-level data provided by CRSP. We also
exclude index funds from our sample. Since the index identifier in CRSP is only available as of
2003, we use funds' names to determine whether they are index funds or not. For SRI funds, we
double-check the classification manually to make sure that we do not unnecessarily delete SRI
funds from the sample. We...
The intent of the Preliminary Design submittal is to provide a formal opportunity for WSDOT,
the Contractor, various design team disciplines, and other approved project stakeholders to
review the construction documents in order to ensure that: the design is progressing
appropriately and proceeding in the right direction; the plans reflect Contractor requirements for
construction; design features are coordinated; and there are no fatal flaws within a given
discipline or between disciplines.