Managerial Accounting - 792 Words

Not everything that can be counted counts, and not everything that counts can be counted. Albert Einstein LG Electronics, Inc established in 1958 and has its headquarter in Seoul, South Korea is one of the leading companies in the world which produces electronic and communication devices, IT productions. LG which stands for â€Å"Life’s Good† determines what the company is striving for. One of the main aim of LG Electronics is ensuring to make the dgigtal life better for its customers. Eco- Friendly â€Å"Life’s Good- When It’s Green†- this is a program of LG Electronics which includes two parts of procedures: pre- production and post-production. In thir vision, it is estimated that 15, 000 tons of pre-production and 30, 000,000 tons of†¦show more content†¦They held Customer Voice program, and tried to respond their customers within 13 days from the initial day. It could be improved by 40%, which was only 20% in previous year. Besides, they have customer-point-deparment which solves the problem of customers. All up, Samsung is planning to go on with this development in the future to improve the satisfaction rate and decrease the number of complaints. LG is trying to have a philosophical approach here. According to Chang Ma, the head of the Marketing Strategy Team who directed the LG Chocolate’s successful global launch, LG’s â€Å"industrial designs will incorporate a balance between concept creation and lifestyle creation, so that the needs, desire and dream of the customers must feature prominently in the overall value innovation process† (Screenshots, 2007/ source: Strategic Management of Technology Professor Woody Wu ) Employee Human resource , or any are- be it marketing, finance, or manufacturing- deserves more attention and resources if and only if it creates value. (Prof. Dave Ulrich, 2005). In is article he said that human capital is important intangible asset for creating a value. A company can influence, but not control, employee’s expectations and perceptions of the firm- two factors that largely drive their behavior, how hard they work, how well their actions support the firm’s interest and ultimately whether they will continue working for the firm. In order to meetShow MoreRelatedManagerial Accounting608 Words   |  3 PagesH. Xue Managerial Accounting 2015 Spring Homework 1 (Individual Assignment, Due on 02/11) 1. Das Doors Inc. has recorded the following costs at various volumes of production: Production Volume Total Costs 600,000 $700,000 400,000 500,000 200,000 300,000 Determine the fixed cost and per-unit variable cost using High-Low method. 2. Adams Company sells a single product. The product sells for $100 per unit. The company’s variable expenses are 80% of sales and its fixed expenses total $150Read MoreRole Of Managerial And Managerial Accounting1029 Words   |  5 PagesThe role of managerial accounting has played a significant role in the success of businesses dating as far back as the 19th century. Service and production operations during the days of the industrial revolution were not nearly as sophisticated then as they are today. The current initial purpose of managerial accounting is comparable to its purpose throughout history. Managerial accounting has historically been useful in assisting managers with the information they need to make important decisionsRead MoreManagerial Accounting2802 Words   |  12 Pages1. Basic Concepts Product cost = Direct Labor (DL) + Direct Materials (DM) + Manufacturing Overhead (MOH) Financial accounting Managerial Accounting + Sales + Sales - COGS - Variable Costs = Gross Profit = Contribution Margin - SGA - Fixed Costs = Net Profit = Net Profit COGS (Cost of Goods Sold) is an â€Å"inventoriable cost† ( recorded in the Balance Sheet as inventory and expensed (Income Statement) when goods are sold SGA (Selling, General Administrative) areRead MoreFinancial Accounting And Managerial Accounting1613 Words   |  7 PagesIntroduction: Both financial accounting and managerial accounting provide important information about the business process. On the one hand, financial accounting provides only financial information to its internal users and external users. On the other hand, managerial accounting basically communicates about financial and non-financial information with internal users such as managers, employees and owners of the company. In other words, managerial accounting provides information to managers who directRead Moremanagerial accounting Essay946 Words   |  4 Pages Managerial Accounting Chapter # 01 Homework 1 01) How does managerial accounting differ from financial accounting? A: Managerial accounting is concerned with providing information to managers for use inside the organization. Financial accounting is con ¬cerned with providing information to stockhold ¬ers, creditors, and others outside of the organi ¬zation. 02) Pick any major television network and describe some planning and control activities that its managers would engage in. A: FiveRead MoreManagerial Accounting1054 Words   |  5 Pagesï » ¿CHAPTER 1 (Introduction to Management Accounting) P-1-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2014. Raw Materials Factory Insurance $ 4600 Inventory 7/1/13 $ 48000 Factory Machinery Raw Materials Depreciation 16,000 Inventory 6/30/14 39,600 Factory Utilities 27,600 Finished Goods Office Utilities Expenses 8,650 Inventory 7/1/13 96,000 Sales Revenue 534,000 Finished Goods Sales DiscountsRead MoreManagerial Accounting And Its Techniques2715 Words   |  11 PagesRunning head: MANAGERIAL ACCOUNTING AND ITS TECHNIQUE 1 MANAGERIAL ACCOUNTING AND ITS TECHNIQUES 12 Managerial Accounting and Its Techniques Melissa Reppert BUS 630: Managerial Accounting Dr. Veliota Drakopoulou May 11, 2015 Introduction Management Accounting is an important activity within an organization. It plays several functions in any organization through the actions undertaken by management accountants. AccordingRead MoreIssues of Managerial Accounting1047 Words   |  5 PagesINTRODUCTION : Managerial accounting is concerned with providing information to managers – that is , people inside an organization who direct or control it’s operations. Via managerial accounting managers understood that good business results come from dynamic processes , procedures and practices that are well designed and properly implemented and managed. Certified management accountants are qualified to help their fellow managers achieve good business results because they have earned an advancedRead MoreImportance of Managerial Accounting1005 Words   |  5 PagesIntroduction The purpose of management accounting in the organization is to support competitive decision making by collecting, processing, and communicating information that helps management plan, control, and evaluate business processes and company strategy. The interesting thing about management accounting is that it is rare to find an individual within a company with the title of â€Å"management accountant.† Often many individuals function as accountants within the organization, but these individualsRead MoreThe Purpose Of Managerial Accounting2785 Words   |  12 PagesManagerial accounting is helpful to the managers in of identifying, measuring, analyzing, interpreting and communicating information for the pursuit of organization’s goals. It contrast with financial accounting in that later is aimed to provide information to external user of accounting information while managerial accounting it’s aimed at helping the mangers to make decision in the organization. Purpose of managerial accounting The purpose of management accounting in the organization is to support

Adelphia Communications - 1101 Words

Firstname Lastname Instructor’s Name Course Number 20 July 2015 Adelphia Communications Adelphia is the 6th biggest cable television provider in the United States and, with various subsidiaries, gives services of cable television and local telephone service to customers in 32 states and Puerto Rico. Adelphia means brothers in Greek. It used to be one of Americas largest cable companies. John Rigas established the company and served as CEO and chairman. Johns son Tim was CFO, and Tims brothers, Michael, and James were Vice Presidents. All four were council members, along with Johns son-in-law Peter Venetis. The Rigases also had 100% possession of class B super-voting shares, which granted the family majority voting rights.†¦show more content†¦(Markon) The scandal came to light when the Rigases published that Adelphia was responsible for more than $2 billion in loans to family-owned entities. Outside board members took control and formed a special committee to investigate. The SEC launched a formal probe three and a half months ago and t wo grand juries, one in New York, and one in Pennsylvania began investigating. Adelphia also filed the lawsuit seeking more than $1 billion against the entire Rigas family, including Johns wife, Doris, and his daughter Ellen and son-in-law, Peter Venetis. The lawsuit accuses the family of a violation of the Racketeer Influenced and Corrupt Organizations Act, breaching its fiduciary duties, wasting corporate assets, abusing control, breaching its contracts and other violations. The suit alleges that the Rigases regularly conducted their business activities with the sole purpose of benefiting themselves at the expense of Adelphia and borrowed company funds that either directly or indirectly, unjustly enriched the Rigas family directors and other Rigas family members. The criminal complaint, filed in federal court in New York, offers the clearest view yet of one of the biggest cases of alleged insider dealing ever. In its lawsuit, filed in federal court in Manhattan, the Commission all eges that the defendants violated the antifraud, periodic reporting, record keeping, and internal controlsShow MoreRelatedAdelphia Communications Corporation: Financial Statements1544 Words   |  7 PagesFinancial Statements The company that I have chosen to portray in my key assignment is the Adelphia Communications Corporation. The Adelphia Communications Corporation was a cable television company headquartered in Coudersport, Pennsylvania. It was owned by John Rigas and was founded in 1952; Adelphia became one of the largest cable companies in the United States. In 2002 Adelphia Corporation filed bankruptcy as a result of internal corruption. Shortly after filing bankruptcy the companyRead MoreAdelphia Communications Scandal Revealed Essay782 Words   |  4 PagesADELPHIA COMMUNICATIONS SCANDAL REVEALED ________________________________________ The Adelphia Communications Scandal Created Controversy. The Fraudster Got Sympathy From the Judge and Received a Light Sentence for Stealing From Old Folks. ________________________________________ The Adelphia Communications scandal broke in 2002 when a footnote in a routine quarterly earnings statement revealed that the Rigas family had borrowed more than $2 billion from the company. But they didnt pay it backRead MoreAdelphia Communications Scandal1563 Words   |  7 PagesAdelphia Communications scandal Matthew Tassin Trident University Ethics 501 Introduction Adelphia Communications Company was a television cable company whose headquarters centered in Coudersport, Pennsylvania. It ranked as the fifth most prestigious cable companies in United States. John Rigas is the founder of the company. The company was highly respected until an infamous scandal ensued following claims of bankrupt in 2002, at which time its headquarters relocated to greenwood VillageRead MoreThe Adelphia Communications scandal Essay1882 Words   |  8 PagesIntroduction The Adelphia Communications scandal occurred in March, 2002 when three of the original founding family members which included the father John Rigas, and two of his sons Michael and Timothy, along with two other company executives were arrested for improperly taking assets from the nation’s sixth-largest cable television company. The scam involved one of the biggest financial frauds faced by a publically held company. In the end stakeholders were forced to absorb massive losses asRead MoreThe Adelphia Communications Scandal John Rigas started Adelphia Communcations in 1952 with the800 Words   |  4 Pages The Adelphia Communications Scandal John Rigas started Adelphia Communcations in 1952 with the help of two partners, but soon bought it out. The company was taken public in 1986 and as a result would have to abide by the regulations of the SEC. By the early 2000s, Adelphia was one of the top cable companies in the United States. This was the peak of a corporation that would begin a downward spiral over the first half of 2002 as a result of fraudulent use of the company’s assets at its’ shareholdersRead MoreAnalysis Of The Book The Adelphia Debacle 1418 Words   |  6 PagesAldo Toomepuu 1 November 2015 ACG 6936 The Adelphia Debacle Some have been ensnared in the net of excessive debt. The net of interest holds them fast, requiring them to sell their time and energies to meet the demands of creditors. They surrender their freedom, becoming slaves to their own extravagance. ~Joseph B. Wirthlin Background At first glance this appears to be to another post-Enron big corporation fraud scandal. It was one of the first big cases tried after Enron. However, thereRead MoreAccounting Ethics1315 Words   |  6 Pagesmore conducive to ethical behavior. The ethical breaches in recent times, Weygandt, Kimel, Kieso( 2012) researched that â€Å"financial press open full articles and documents facts about financial scandals at Enron, WorldCom, HealthSouth, AIG, Adelphia Communication and Cable and more. As the scandal came to light people did not play the stock market if they believe that the stock prices were rigged.† Weygandt, Kimel, Kieso (2012) researched that; â€Å"the United States government regulators and lawmakersRead MoreForensic Paper1628 Words   |  7 Pages I think five of the skills that a forensic account would need are communication skills, detail oriented, professional and ethical behavior, sound judgment and discretion. Communication skills are vital in any profession. It allows you to convey information for others to receive. The problem with communication is that it can be interpreted differently by other intended parties. As a forensic accountant, communication skills, verbal and non verbal, are important when it comes to conductingRead MoreJohn Rigas Founded Adelphia Communications Corporation1829 Words   |  8 PagesJohn Rigas founded Adelphia Communications Corporation (â€Å"ACC†) in 1952 for $300. The company was fittingly named Adelphia, Greek for brother, as it employed generations of Rigas family. Skip ahead twenty years; Adelphia officially became incorporated. Roughly ten years later, John Rigas bought out his brother Gus’ stake, and his three sons became employees of Adelphia. His son-in-law was also the head of the board of directors. This positioned the Rigas family into all of the senior executiveRead MoreAdelphia: Lying, Cheating, and Stealing920 Words   |  4 Pagesis Adelphia Communications and the Riga family. In the late 1990s, Adelphia Communications was a major cable operator with over 5 million subscribers. In 2002, the SEC pressed charges against the founders (Rigas family) and accused founder John Rigas of taking $2.3 billion from the company to buy stock and invest in a golf course. Also alleged was for years Rigas and his two sons falsified Adelphia’s earning, costing investors more than $60 billion. John Rigas formed Adelphia Communications in

Comparison Between the Charmer and Brother Dear free essay sample

The Major program involves specialization in one field in your last two years. It may allow you to proceed to a Masters degree depending on your grades. The Honours program requires specialization in one field in the last two to three years and is available for students of above-average include completion of: * at least 40 courses (full-time students take about 10 * Communication, Science, Arts, Breadth and Upper-level courses per year); requirements; * first- and second-year prerequisites for the intended Major or Honours program; * third- and fourth-year courses for the Major or Honours (10 courses for the Major; about 14 for the Honours); and * normally at least 20 courses at IJBC, including the final 10 courses. ADVISING TIPS You may be interested in LBCs Science Co-operative Education (Co-op) program. Co-op combines semesters of classroom learning with semesters of paid work experience. For more details refer to the IJBC Co-op site Make sure you know about the three first-year program options for Science students. We will write a custom essay sample on Comparison Between the Charmer and Brother Dear or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page These programs are the Standard Science Program, Coordinated Science and Science One. For details check here. The key to your degree planning is making use of the many advising resources that IJBC offers. A great place to start is the IJBC Science site. Here you can get help with planning your degree, career, finances, and more. When talking toa IJBC advisor, make sure you have a year-by-year plan in place to meet your degree requirements. Although IJBC offers many resources to help you plan your degree, dont forget the final responsibility for meeting all faculty and program requirements rests with you.