Dream Chocolate Company: Choosing a Costing System

2013 ◽  
Vol 28 (3) ◽  
pp. 637-652 ◽  
Author(s):  
Kip R. Krumwiede ◽  
W. Darrell Walden
Keyword(s):  
Relevant Information ◽  
Small Companies ◽  
Managerial Accounting ◽  
High Quality ◽  
Special Events ◽  
Accounting Courses ◽  
Pros And Cons ◽  
Costing System

ABSTRACT: This case is about a small, but real, company, Dream Chocolate (D.C.), which makes custom-labeled, high-quality candy bars for special events and advertising purposes. Like many small companies, D.C. has an inadequate costing system and needs a much better one as it starts to get bigger orders. In Part A of this case, students learn how to analyze a company's situation, identify relevant information in a case that is presented in a less-structured format, evaluate the pros and cons of different costing approaches, recommend an approach, and suggest ways to implement it. In Part B, they develop and calculate costs based on their recommended approach. The case also helps increase students' understanding of the applicability of various costing methods typically covered in cost and managerial accounting courses.

scholarly journals Manajemen Biaya untuk Meningkatkan Ketepatan Penghitungan Biaya melalui Biaya Berbasis Aktivitas

2018 ◽  
Vol 7 (2) ◽  
pp. 125
Author(s):  
Agung Listiadi
Keyword(s):  
Cost Driver ◽  
Management Systems ◽  
Activity Based Costing ◽  
High Quality ◽  
Overhead Cost ◽  
Consumption Cost ◽  
Costing System ◽  
Major Factors ◽  
The Cost ◽  
Selection Of

Cost is an important factor in ensuring the company win in the competition on the market. Consumers will choose a manufacturer that is able to produce products and services that have high quality with low prices. Costs of Management Systems Contemporary emphasis on search than the allocation. And management based activities are at the heart of contemporary operating control system. At least two major factors that must be considered in the selection of cost driver (cost driver) are: the cost of measurement and the degree of correlation between the consumption cost driver with the actual overhead. Cost driver is divided into two categories, namely the structural cost driver and executional cost driver. Cost driver is the basis used to charge collected on cost pool to the product. So that the calculation of the cost through Time Driven activity-based costing system, the company obtain more precise information and accurate.

Quality of Health Information on the Internet

2009 ◽  
pp. 443-455
Author(s):  
Kleopatra Alamantariotou
Keyword(s):  
Health Information ◽  
Information Quality ◽  
Relevant Information ◽  
The Internet ◽  
High Quality ◽  
Related Information ◽  
Health Related ◽  
Use Of The Internet ◽  
Effective Use

Recent statistics show that the World Wide Web has now grown to over 100 million sites: a phenomenal expansion in only 15 years (Mulligan 2007). It has been estimated that there are 100,000 sites offering health related information (Wilson 2002). As the amount of health information increases, the public find it increasingly difficult to decide what to accept and what to reject (Burgess 2007). Searching for information on the internet is both deceptively easy and the same time frustratingly difficult (Kiley 2002). The challenge for consumers is to find high quality, relevant information as quickly as possible. There has been ongoing debate about the quality of information aimed at patients and the general public and opinions differ on how it can be improved (Stepperd 1999). The purpose of this chapter is to provide a brief overview of the different perspectives on information quality and to review the main criteria for assessing the quality of health information on the internet. Pointers are provided to enable both clinicians and patients find high quality information sources. An understanding of these issues should help health professionals and patients to make effective use of the internet.

An Empirical Investigation of the Effects of SRS Technology on Introductory Managerial Accounting Students

2008 ◽  
Vol 23 (3) ◽  
pp. 421-434 ◽  
Author(s):  
Christopher T. Edmonds ◽  
Thomas P. Edmonds
Keyword(s):  
Student Response ◽  
Accounting Students ◽  
Exam Performance ◽  
Student Response System ◽  
Managerial Accounting ◽  
Percentage Points ◽  
Accounting Courses ◽  
Negative Effect ◽  
Act Score ◽  
Better Than

To investigate whether student response system (SRS) technology increases student exam performance, we conduct a quasi-experiment using six introductory managerial accounting courses. Three courses were taught using SRS technology and three were taught without using SRS technology. The students in the SRS courses performed on average 3.15 percentage points better than students in the non-SRS courses after controlling for age, gender, prior GPA, and ACT score. SRS technology was more beneficial to students with the lowest prior GPAs. The study found evidence that SRS technology helps these low-GPA students without having a negative effect on high-GPA students.

scholarly journals Features of accounting and information risk management in the conditions of impact of COVID-19

2021 ◽  
pp. 40-46
Author(s):  
Вікторія Костянтинівна Макарович ◽  
Олена Олександрівна Григоревська ◽  
Наталія Степанівна Стойка
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Relevant Information ◽  
Information Support ◽  
Enterprise Management ◽  
Comparison Analysis ◽  
High Quality ◽  
Asset Impairment ◽  
Analytical System ◽  
The Impact

The purpose of the article is to develop theoretical provisions and develop guidelines for improving approaches to accounting for risks of exposure to COVID-19 and disclosure of information about them in the reporting of economic entities. In the process of research the methods of observation, comparison, analysis, synthesis, generalization were used. The study is based on the hypothesis that high-quality accounting and information support will increase the validity, efficiency and analytical information about the risks of COVID-19 and their impact on business activities in accordance with modern management requirements, strengthening the responsibility of performers, improving management accounting. The article summarizes the approaches to the impact of uncertainty and risk on the accounting and analytical system of enterprises, which are considered in scientific circles by domestic researchers. The risks of the enterprise’s activity that are relevant in the conditions of the COVID-19 pandemic are highlighted: risks caused by restrictions by legislative and regulatory acts; risks due to the occurrence of obligations related to the production and sale of products, goods, works, services; risks of asset impairment; risks to the recognition and measurement of liabilities; risks of possible bankruptcy; investment risks. to identify risk and assess it, you can use the «triple method». It is established that the accounting and information support of risk management in the conditions of influence of COVID-19 includes: methodical support of risk accounting, analytical support, documentary support; display of information on risks in the reporting, which allowed developing a report on the risks of the impact of COVID-19 on the activities of the enterprise. The obtained results are the basis for bringing the system of accounting and analytical support to a qualitatively new level and will generate useful, truthful and relevant information for enterprise management in decision-making to minimize the impact of risks on business activities through COVID-19.

scholarly journals Analisis Kepatuhan Atas Penerapan Internet Corporate Reporting (ICR) pada Bank Umum Syariah Di Indonesia

2019 ◽  
Vol 5 (01) ◽  
Author(s):  
Dessy Noor Farida
Keyword(s):  
Financial Statements ◽  
Relevant Information ◽  
Financial Information ◽  
Islamic Banks ◽  
Timely Manner ◽  
High Quality ◽  
Public Companies ◽  
Corporate Reporting ◽  
Public Company

In the digital business era, having a high-quality and effective website is one of the priority strategies for many companies. Companies that have information on the company's website can make it easier for users to find all the necessary information related to the company without incurring high costs. With corporate reporting, the company will present financial information in a timely manner to convince users of financial statements that the data available is relevant information. In order to increase transparency while increasing the access of shareholders and other stakeholders to the information of issuers or public companies OJK (Otoritas Jasa Keuangan) issues regulations related to the website of the issuer or public company. The results of this study indicate that Islamic banks have not utilized the facilities provided on the website optimally. This is indicated by the ICR index average of Islamic banks which is still in the range of 51.1. The highest ICR index is owned by Bank Muamalat Indonesia with a score of 73.97 and the lowest ICR index is owned by Bank Mega Syariah bank with a score of 36.99.

scholarly journals Firms’ Investment Behaviours in Temperature-Controlled Supply Chain Networks

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Mengshuai Zhu ◽  
Hao Chen ◽  
Ximeng Wang ◽  
Yonghan Wang ◽  
Chen Shen ◽  
...  
Keyword(s):  
Supply Chain ◽  
Economic Model ◽  
High Rate ◽  
Small Companies ◽  
Food Supply Chain ◽  
High Quality ◽  
Supply Chain Networks ◽  
Supply Chain Logistics ◽  
Food Freshness ◽  
Temperature Controlled

Delivering high-quality food into markets is a vital expectation of modern customers. The significant increase in consumers’ awareness of food freshness, nutrition, and safety makes the temperature-controlled supply chain (TCSC) the focus of food logistics safety. However, a large number of Chinese companies are still reluctant to invest in the food supply chain, resulting in a high rate of supply chain logistics loss. This research aims to establish an economic model to explain why these companies do not invest and under what conditions they will do. The results show that high economic investment is the main reason that hinders companies’ willingness to build TCSC. Large companies with bigger production are more willing to invest in TCSC than small companies. Besides, larger companies running with high-quality products could get more profit while small companies operating with normal products are less competitive.

Development of a Translation Standard to support the improvement of health literacy and provide consistent high-quality information

2013 ◽  
Vol 37 (4) ◽  
pp. 547 ◽  
Author(s):  
Jaklina Michael ◽  
Tracy Aylen ◽  
Rajna Ogrin
Keyword(s):  
Health Literacy ◽  
Health Outcomes ◽  
Health Information ◽  
Culturally Relevant ◽  
Healthcare Providers ◽  
Relevant Information ◽  
Consumer Health Information ◽  
Target Audience ◽  
Consumer Health ◽  
High Quality

Australia has a high number of people from culturally and linguistically diverse (CALD) backgrounds whose primary language is not English. CALD population groups have comparatively lower levels of education and health literacy, and poorer health outcomes compared with the Australian-born population. The delivery of consumer health information to people from CALD backgrounds usually includes the use of translated resources. Unfortunately, the quality of translated resources available on health issues is highly variable and may impact efforts to address the disparities in health outcomes. Currently applied guides to translation focus on accuracy and literalness of the translation; however, for health translations, conveying meaning and incorporating culturally relevant information is essential. Minimum standards for developing translated resources are needed to provide an indication of quality for end users, including healthcare providers, the client and carer. This paper describes the development of a Translation Standard, led by a community nursing organisation in collaboration and consultation with CALD community members and peak community organisations in Melbourne, Australia. The Translation Standard includes 10 components that have been identified as necessary to ensure a minimum standard of translation that is of high quality and caters to the health literacy levels of the target audience. What is known about the topic? There are many people from CALD backgrounds who have worse health outcomes than people who are Australian born. There is a gap in guidance to health professionals on how to develop high-quality translations of consumer health information that consider culture and health literacy. Higher-quality translations are needed to better inform CALD groups about their health. What does this paper add? The description of a new Translation Standard to guide the development of culturally relevant consumer health translations, considering the cultural needs and health literacy level of the target audience. What are the implications for practitioners? The Translation Standard provides assurance to practitioners that any translation that has followed this Standard is of high quality and increases the likelihood that the target audience will find the information relevant and understandable. The Translation Standard can assist consumers to make more informed choices and decisions about their health. Future translations would benefit by using such a guide.

scholarly journals An Effort Towards Full Graphene Photodetectors

2020 ◽  
Author(s):  
Farhad Larki ◽  
Yaser Abdi ◽  
Parviz Kameli ◽  
Hadi Salamati
Keyword(s):  
Optical Properties ◽  
Absorption Spectrum ◽  
Device Fabrication ◽  
Monolayer Graphene ◽  
High Quality ◽  
Promising Candidate ◽  
2D System ◽  
Proper Design ◽  
Pros And Cons ◽  
Electro Magnetic

AbstractGraphene as a truly 2-dimensional (2D) system is a promising candidate material for various optoelectronic applications. Implementing graphene as the main building material in ultra-broadband photodetectors has been the center of extensive research due to its unique absorption spectrum which covers most of the electro-magnetic spectra. However, one of the main challenges facing the wide application of pure graphene photodetectors has been the small optical absorption of monolayer graphene. Although novel designs were proposed to overcome this drawback, they often need complicated fabrication processes in order to integrate with the graphene photodetector. In this regard, fabrication of purely graphene photodetectors is a promising approach towards the manufacturing of simple, inexpensive, and high photosensitive devices. The fabrication of full graphene photodetectors (FGPDs) is mainly based on obtaining an optimal technique for the growth of high quality graphene, modification of electronic and optical properties of the graphene, appropriate techniques for transfer of graphene from the grown substrate to the desire position, and a proper design for photodetection. Therefore, the available states of the art techniques for each step of device fabrication, along with their pros and cons, are reviewed and the possible approaches for optimization of FGPDs have been proposed.

Risk and benefits of consuming raw (unpackaged) and pasteurized (packaged) milk

2020 ◽  
Vol 1 (1) ◽  
pp. 23-32 ◽  
Author(s):  
Sasmita Baral ◽  
Dhiraj Kumar Nanda
Keyword(s):  
Raw Milk ◽  
Quality And Safety ◽  
High Quality ◽  
Pasteurized Milk ◽  
Risks And Benefits ◽  
Chemical Impurities ◽  
Milk Contamination ◽  
Metal Chips ◽  
Pros And Cons ◽  
Microbiological Agents

The aim of this review is to overview important literature data on milk and its composition, methodology of quality assurance throughout its processing and preservation, and to compare risks and benefits of consuming raw (unpackaged) and pasteurized (packaged) milk. Milk contamination risks are of various types, including physical contamination (foreign components, such as manure, feed, dust, pieces of broken glass, strands of hair, wood, plastic, or metal chips), chemical impurities (antibiotics, hormones, pesticides, detergents, or heavy metal residues), and microbiological agents (germs and somatic cells). Our study addresses the quality and safety of raw and pasteurized milk consumed by humans. If one considers risks and benefits simultaneously, there are many pros and cons of consuming raw and pasteurized milk. One can conclude that pasteurized milk is more appropriate for consumption as compared to the lower quality raw milk. For manufacturing high quality pasteurized milk, one should implement good hygienic practices, proper pasteurization process, as well as pre and post pasteurization preservation.

Using Socrative to Enhance Instruction in an Accounting Classroom

2017 ◽  
Vol 14 (1) ◽  
pp. 85-97 ◽  
Author(s):  
Julia Kokina ◽  
Paul E. Juras
Keyword(s):  
Student Engagement ◽  
Active Learning ◽  
Real Time ◽  
Student Response ◽  
Time Response ◽  
Successful Implementation ◽  
Managerial Accounting ◽  
Graduate Level ◽  
Accounting Courses

ABSTRACT Are you interested in increasing the level of student engagement in your accounting course? You are not alone. In today's classroom, increased student engagement and active learning are desired by faculty and students alike. In this paper, we outline how to use Socrative Student Response by Mastery Connect (Socrative 2016), a variation of a real-time response tool called a “clicker.” We used this tool in both undergraduate and graduate-level managerial accounting courses. We provide a user's guide to Socrative, as well as helpful tips to ensure its successful implementation in the classroom.

Sign in / Sign up

Export Citation Format

Share Document