Accounting Information For Managers School Of Business Research

813 words - 4 pages

Sonia Sakr
– ASA (Australian Sealants and Adhesives) are major distributors of a vast variety of sealants
and adhesives which are purchased by builders, 'do- it -yourself' handyman and hardware
retailers and are utilised in performing their job and running their business as ASA is a
supplier to them.
– Turnover last year was $50 million and after-tax profit was $4 million.
– There has been success in the company throughout the year due to the release of their new
adhesive product and as a result, will exceed the profit forecast revealed in its prospectus.
– $2 million were invested in the production of the new product called FIX by ASA which
was launched through an advertisement campaign costing $1 million.
– FIX sales in the year ended 30 June, 2015 were $6 million.
– Due to no scientific analysis being conducted, there is uncertainty by the R&D Manager of
ASA on whether the products chemical formulation complies with the safety standards set
by the Federal Government.
Consumers: Builders, 'Do- it- yourself' handyman and major hardware retailers
Government authorities: Federal Government
Investors: Australian Stock Exchange (ASX)
Board of directors, specifically Finance directors such as Sam Chew
Auditor/ Advisor (Julie)
Ethical principle Discussion (how the principle applies to the
case )
Integrity Sam is not being straightforward to Julie as he is
concealing information about the company in
regards to the development and promotion of
FIX. For instance, ASA are not being honest on
whether the product is safe and meets the safety
standards and requirements set by the Federal
Government and also they are using short cuts in
launching their product that weren't made aware
to Julie. Therefore, there will be a breach of
integrity if Mike keeps silent about the short
Objectivity Mike's judgement that there are shortcuts in the
launching of FIX is being influenced by Sam
whom is attempting to convince him that there
aren't any problems and alter his opinion
regarding the steps taken to promote the product.
This can be defined as members not
compromising their business decisions due to
bias, conflict of interest or the undue influence
of others as stated in section 110.1 (Accounting
Professional and Ethical Standards Board
Limited 2010)
Professional Competence and Due Care Their is a lack of diligence and due care as the
product hasn't been tested and scientifically
analysed to ensure that it doesn't pose any harm
to its consumers. Also, there is no research...

Find Another Essay On ACCOUNTING INFORMATION FOR MANAGERS - School of Business - Research

Information on the school of Business - school - Essay

1165 words - 5 pages The University of Newcastle, Australia Bachelor of Information Technology Trimester 3, 2014 Updated 18-08-14 Mon Tue Wed Thu Fri Week/Cohort AM NN/PM AM NN/PM AM NN/PM AM NN/PM AM NN/PM 1 25-Aug-14 26-Aug-14 27-Aug-14 28-Aug-14 29-Aug-14 BITD313 INFT2012 Lec: 12-2pm STAT1060 Lec: 9-11am STAT1060 Lab S2: 12-2pm Lab S4: 12-2pm Lab S5: 2-4pm(S) CMNS1234 Lec: 12-1pm ECON1001 Lec: 8.30 - 10.30am CMNS1234 Tut E2: 2-4pm 2 01-Sep-14 02-Sep-14 03-Sep-14

Benefit Of Information System For Business

702 words - 3 pages Benefits of information system for businessAfter several years of turbulence of internet stocks and the resulting failure of many companies, it is easy to understand the impact of information system in daily life. Yet, everyday we read article about IT technology helping the growth of the business. They are many advantages that most people agreed: they create value largely or exclusively through the gathering, synthesizing and distribution of

Accounting information for decision making

3996 words - 16 pages in International Financial Analysisng', European Business Review Vol. 15 No. 3, pp. 170-180, viewed 5 January 2007.Parker, RH (1971), 'Some International Aspects of Accounting', Journal of Business Finance Vol. 3 No.4, pp.29-36, viewed 5 January 2007.Peasnell, K. (1993), 'Accounting in Developing Countries: a Search for Appropriate Technologies', Research in Third World Accounting, Vol. 2, pp. 1-16. viewed 5 January 2007.PricewaterhouseCoopers

The Vitality of Keeping Accurate Accounting Records for a Business

1747 words - 7 pages the accounting practice. These reports cover issues such as cash flow statements, mergers and how to report financial performance. Source Of Reference =================== Ø Name: Financial Accounting Author: Peter Atrill and Eddie McLaney Gained information on concepts and conventions. Ø Name: Essential Accounting for Managers Author: A. P. Robson Information acquired on performance

Implications of Information and Communication Technology for Business

1941 words - 8 pages Implications of Information and Communication Technology for Business Time and geographical factors have a huge affect on the communication methods we use. In the business world time is money, and no matter how far u need to communicate to, it normally has to be done quickly and efficiently. This is where Information Systems (IS) and Information Communication Technology (ICT) have a huge impact on businesses nowadays

Influence Accounting Methods Bring and Reason of Widely Usage on Accrual Method - Business School - Tax

1564 words - 7 pages method causes gap between earned revenue and received. As the business growing bigger, what cash-basis method provides could not use to judge the performance of the company. On the other hand, under the accrual-basis method, the revenue is recorded even if cash has not been received, and expense is reported when it has incurred but no cash has been paid. Under accrual-basis of accounting, managers and shareholders get a better picture of a

Research method for business

3198 words - 13 pages justification of the methods selected and will narrate how the research has been conducted to achieve the object of the study on question. This paper will mainly deal with Qualitative Research Methods. Many firms besides specific problems confronting their business, invariably conduct marketing research for forecasting their sales employing qualitative research methods and quantitative techniques short of hypothesis testing.Data requirementStudies are

The Use of Information Technology in Accounting

3368 words - 13 pages for on a usage basis, organizations are better able to tie their costs to revenues as incurred. Kai Peters of Ashridge Business School believes that by 2022 accounts will be providing more insight-based information and there will be a greater need for strategic accounting expertise. Sean Wilkins, CFO Tesco Malaysia, predicts more accountants as business partners, development of insight, not data, and more of an influencing role than reporting

Internal Control of Modern Accounting Information System

1284 words - 6 pages The development of Internet and electronic data processing methods has provided the convenient tools for modern enterprise management. It also makes the work about purchasing, accounting and other business management activities combine more closely. Accounting information system has become the important core subsystem of the enterprise management information system. However, at the same time, the enterprise information technology and the

Accounting: The Language of Business

1038 words - 5 pages conforming to all of the accounting standards that have been put in place. Regulations Ethics are a very necessary part of accounting and business. Investors, creditors, and other people that use financial information must be confident that all of the material is accurate and honest in order to make sure that they are not exposed to fraud. The Securities and Exchange Commission is an organization that makes sure people follow the guidelines for

Foster School of Business

1250 words - 5 pages study in the US high school for a year. At that point, I knew that there was a chance that someday I might be able to go to a university. When I was learning English back in Uzbekistan, books published during the Soviet regime were the only source of information about American culture. Unfortunately, much of the information in those books was biased and subjectively critical of the US. Hence, the students who had a genuine interest in American

Similar Essays

Fundamentals Of Business For Managers Essay

1237 words - 5 pages trading energy. It created an online commodities market for energy, which basically meant it created a marketplace where people could buy and sell energy. Enron also produced energy. Its commodities market was a big change from the rule of state-regulated monopolies. Trading energy was a fine business idea, possibly even a groundbreaking one. It was not, as Enron had us believing for a while, the be-all end-all of corporate creativity. The people at

Accounting For Managers Essay

3085 words - 12 pages break-even analysis as a consequence of these complications and the inherent imprecision to exact measurements. In spite of this, it is essential to consider that break-even analysis is frequently used as a measure to conclude general guidelines for business decision-making, Berryman & Nobe (1997). With the help of this cheap and simple specialized technique, marketing managers can decide whether to drop an existing product from the line, to

Ilac Case Study Legal Issues For Managers Griffith Business School

1132 words - 5 pages his oversight, as he is too embarrassed to admit that he simply forgot about the purchase. The business that sold Sheldon the microscopes sent a letter to Genius demanding payment of the money that is owed, plus interest on the unpaid amount for the last 4 months. Raj has now become aware of all of the above facts and has asked for your advice. Using only the Corporations Act 2001 (Cth) and the common law cases, advise Raj using the ILAC

Accounting And Financing For Managers Essay

6984 words - 28 pages Greenwich School of ManagementExecutive MBAModule: Accounting and Financing For ManagersTutor:"A Report Evaluating Financial Information Pertaining to West Kent NHS Health & Social Care Trust's 2004/5 Accounts"Student Name: Graham BlackmanStudent No: HSK008PESubmission date: 9th March 2006Word Count: 4,83962%ContentsPage No.1.Introduction32.Background Information on Trust and Author33.Purpose of Accounting Standards44.Statement of the Chief