Accountants and Management Accountants Essay Example | Topics and Well Written Essays - 2000 words

Accountants and Management Accountants - Essay Example There is a cost incurred whenever an item is sold. This cost is however, hard to estimate when parts of the inventories were purchased at different prices (Roychowdhury 2004). This calls for adoption of an inventory accounting method so as to assign each item an expense so as to avoid losses. The costing method adopted always does not affect inventory physical flow but affects the value of the inventory. Accounting methods adopted are FIFO, LIFO, and Weighted Average Cost (WAC) among others (Drury 2012). Â  FIFO (First in First Out) is based on the assumption that the inventories that are bought first are sold first and those bought later are sold later (Roychowdhury 2004). FIFO is commonly used by entities that deal in goods with sh lifespan. These goods need to be sold before their expiry dates so as to avoid losses that may result. FIFO method is common in small business entities. As the Roychowdhury (2004) reports, use of FIFO is advantageous because of its usefulness in cases w here small numbers of transactions are involved and where price of materials is falling. Customers are likely to buy more products at low prices and hence exhausting the stock. It also helps in sorting out the difficulties associated with bulky goods with unit prices and consequently avoiding loses while maximizing profits. The business may be able to avoid quality deterioration of the stored goods as the goods are sold in the order of their arrival. This makes perishable goods and other goods with short shelf life to be sold before the expiry date. In addition FIFO facilitates the implication of current market price in the value of the closing stock of materials. This makes FIFO be sensitive to the market changes. It is very useful where the prices are falling. This is because the product demand is likely to rise and hence attracting more customers. With FIFO, materials are utilized in the order of their purchase hence making it to be a logical process. This is the most economical procedure of utilization of materials as the cost of their handling is greatly reduced. On the other hand, FIFO is disadvantageous as it is not useful in the situations that involve many inventories bought during same period but at different prices. This is because their flow rate is not the same hence some may expire still in stock. FIFO method cannot be used to achieve the objective of matching current costs with the current revenues. In the events of inflation, FIFO leads to exaggerated profit. Also if the material’s prices rapidly rise, the production cost may be understated hence causing enormous losses. When consignments are received frequently at varying prices, there is increased possibility of errors if the store ledger clerk does not carefully ascertain the prices to be charged on goods. It can also lead to a confusion in the of charging prices of goods produced at the fluctuating cost of materials as they need different pricing which may interfere with the demand. This is per the Roychowdhury (2004). LIFO (Last-In-First-Out Method) is based on the assumption that the last inventories bought are sold first while those bought first are sold last (Roychowdhury 2004). The materials are valued as per the latest purchase prices. The earliest price of materials is used to value the closing stocks. LIFO is very useful in cases of rising prices as the material is issued at current market price. The application of the LIFO is advantageous as Roychowdhury (2004) points out. It is very beneficial in cases where matching of cost and revenue is required as the goods can be sold at any time but long enough to be appropriately

Best Teacher Essay Example for Free

Best Teacher Essay I was the kind of child that always struggled to pay attention in school. I never wanted to be in class, except to visit with my friends. At times I wanted to drop out of school. I always felt like school was a big waste of time. Until I met a teacher named Mrs. Meyers at Kent Mountain View Academy. Mrs. Meyers is a teacher that is the most influential person in the world, (but the world doesn’t know it yet), I really admire her because she always encouraged me to go to class and treat other teachers and students with respect, and to try my best. If I ever needed any extra help in homework; she was there, it didn’t matter which subject it was. She always told me that I was very smart and to never to doubt myself. Mrs. Meyers is easy to talk to, I could just tell her anything because she’s very honest and talks to me (or anyone for that matter) openly about anything in life. She was always ready to listen to me when I was feeling down. With her comfort and warm words I always felt better and important. When I needed some advice, she was there for me. She is my friend, my mentor and like a mother. Mrs. Meyers has a great passion and love to teach children. She has so much patience to sit down with them and explain the work to them. She never makes the school work boring; she always made it fun and exciting and easier to learn. She always did it with a smile on her face, even when she wasn’t feeling well. If I had one hour to spend with Mrs. Meyers, I would ask her what influenced her passion for teaching children, how did her life experiences influence her to be a teacher, and many other questions relatable to that. I would ask these questions because she’s a great person, and who doesn’t want to know about a great person? I hope one day I could feel that same passion, care and love that she has of teaching and helping children like the way she help me. She completely changed my life around and made me a different person the one I am today. Mrs. Meyers was the one person who influenced me the most and to whom I am very thankful because she gave me the inspiration to become a teacher or at least strive to do my best at whatever job I choose. I am very glad that I met her and I think that without her I would never do as well as I do in school. Or in life for that matter.

Cap Steve Rocket :: Essays Papers

Cap Steve Rocket "Captains log , stardate , Ah who cares. Im Captain Steve Rocket of the inter-galactic starship , pimp-mobile alpha two . We now are on the end of our very long journey home . We just got our Mary Jane core fixed as we were stranded on an alien planet. Here’s how it all started..." "Captain we're ready to go ," says my beautiful flight attendant Alissa .(She's my favorite of the crew she has curly, strawberry blonde hair , beautiful legs and the most perfect pair of .... , sorry I’m getting a little off subject .)"all right plot a course for the cannabis star system ," I said . " AY , aye captain ," says the brunette goddess machelle . ( She's a hottie too. ) " take the helm Luke , I'm going to get a little better acquainted with some of my crew members while traveling through safe space ," I said. " Aye , aye cap," says Luke as I motion the ladies to my quarters . "Well ladies ever tried the best stuff earth has to offer , wait make that second I’m the best thing earth has to offer . Well anyways ," I say as I pull out a fatty blunt . " Wanna hit this ." "Sure I thought you'd never ask ," says Michelle. "Thank god you’re a life saver . I thought this would be another mission where I had to sneak around just to get a few tokes ," says Alissa . I lit up the fatty and passed it around a couple of times .

Reflection Discussion

What do you wish you would have learned? The Africa Map project was an extremely enjoyable and educational experience. I learned a lot about my country relation to the U. S. , African countries, and other continents. It was also eye-opening and altered my once stereo-typical view of Africa. African countries have functional governments and economic systems similar to the United States.Of course some governments are more â€Å"dictating† than others, but it is important to remember that Africa is not a completely disease filled, desert/jungle like land. I learned a lot about the central region of Africa and how African regions can generally be identified by the European powers that ran them during the time of colonialism. The amount of land that the Europeans ruled over is somewhat ridiculous, but I guess It all shapes Africa Into what It Is today. I also learned that colonial rule has had a big Influence on culture.National languages of the countries are many times that of the European power that once ruled It. For example In the central region, common languages are Spanish and French. Spain, France, and Portugal ruled many of the countries in this region. Current government and economic standings were fun to research. I feel more confident on my knowledge of Africa and feel that I can speak more politically correct about the continent. I do wish I could have learned more about the other regions of Africa.It understand we have to know some general things about all the countries by reading the interactive map, but f there were more assignments that blended region relations I'd be very interested. Important to remember that Africa is not a completely disease filled, desert/Jungle important to remember that Africa is not a completely disease filled, desert/]Engle ridiculous, but I guess it all shapes Africa into what it is today. I also learned that colonial rule has had a big influence on culture. National languages of the countries are many times that of the European power that once ruled it. For example in the

Does Technology Make Us More Alone? Essay

Technology is supposed to make us more connected. We can stay in touch with our friends all the time on Facebook, Instagram, and Snapchat, and obviously by texting or messaging. But are our smartphones actually getting in the way of real socializing? Could technology be making us more alone? Even though technology helps us to communicate with people around the world but it also can make us become more isolated. â€Å"Get connected† is a phrase that we have grown accustomed to hearing and seeing in the 21st century. With technology developing faster than ever, the digital world is at our fingertips. Some might say that the introduction of social networking has helped to bring people closer together all around the world. Though our online communities may have a likeness to real-life societies, they are in fact nothing but numb conceptions of our day to day lives fuelled by self-pride and egoism. With our reliance on social media sites such as Facebook actually cutting us from real-life society, it is a sad truth that mankind is looking at a very forlorn and pitiful future. Instead of meeting someone in person and hanging out with them more, we tend to text or utilize our smartphones to talk to people. Technology makes us more alone because we are always depending on our phones and other technology; when we start to get too attached to our gadgets, we start to compare our life with the lives of others, and we just ourselves with the amount likes and followers someone else has. Besides, being lonely is a big deal. Research revealed that being lonely is even more dangerous to your health than being overweight. Loneliness can increase your risk of dying by 26%. According to The Independent, â€Å"Recent research indicates that this may be the next biggest public health issue on par with obesity and substance abuse.† Technology is great if we use it correctly with a certain limit, if we do not it is going to tear our lives apart if we become too attached to it. We are more focused on talking to someone thousands of miles away rather than someone who is right next to us. When we use technology constantly it makes it harder for us to interact with people in real life. The more time we spent on our phones and televisions the harder it will be for us to interact and talk to people in the real life. Research has shown that people who have lots of friends tend to be happier, healthier and they live longer than the ones who do not have many or any friends in real life. Many people build relationships online and for a while, they would not feel lonely but over time we will feel frustrated because we cannot interact with the other person face to face. We scroll through our Instagram in silence when we are in the car with your family. We text our friend instead of meeting them in person. It is easier for us to make friends virtually than in real life. This shows how attached we are to technology. Being too focused on a screen makes you forget the difference between being alone and being lonely. Technology negatively influences our social interaction, it makes people more socially awkward and lonely. In fact, a study by greater good suggests that â€Å"smartphone use may be taking a toll on our biological capacity to connect with other people†. Technology is affecting our society in a negative way, but that does not mean that we are going to stop using technology, it has come to stay. But it is up to us to decide how much we let technology domin ate our lives. At the end, it is always our decision if we want to see the world through a screen or your own eyes.

Rules for Capitalization in Titles

Rules for Capitalization in Titles Rules for Capitalization in Titles Rules for Capitalization in Titles By Carla Lowe I used to think there were only two ways to use capitalization in a title: (1) Capitalize only the first word in the title (except for proper nouns), which I learned working for a local newspaper; and (2) Capitalize the principal and longer words and lowercase the minor, shorter words, which I learned was wrong. I also came to learn that the rules for capitalization in titles- like the rules for other areas of English grammar- are not set in stone; style guides and grammarians disagree on which words to capitalize in a title. In fact, there are really only two rules that are consistent across the board: Capitalize the first word of the title Capitalize all proper nouns Sentence case, or down style, is one method, preferred by many print and online publications and recommended by the Publication Manual of the American Psychological Association. The only two rules are the two rules mentioned above: Capitalize the first word and all proper nouns. Everything else is in lowercase. For example: Why it’s never too late to learn grammar (all words lowercased except â€Å"Why†- first word in title) Another method is to capitalize all words in a title. This one is considered simple because there’s no struggle trying to remember which words to capitalize and which ones to lowercase; they’re all capitalized. However, one could argue it’s the lazy man’s method or that it’s not very aesthetic. For example: Why It’s Never Too Late To Learn Grammar (all words capitalized) Title case, or up style, is another method. Whether or not you capitalize a word in a title depends on its part of speech. According to most style guides that use title case, the basic rules are as follows: Capitalize the first and last word in a title, regardless of part of speech Capitalize all nouns (baby, country, picture), pronouns (you, she, it), verbs (walk, think, dream), adjectives (sweet, large, perfect), adverbs (immediately, quietly), and subordinating conjunctions (as, because, although) Lowercase â€Å"to† as part of an infinitive Lowercase all articles (a, the), prepositions (to, at, in, with), and coordinating conjunctions (and, but, or) For example: Why It’s Never Too Late to Learn Grammar (all words capitalized except â€Å"to,† a preposition) That last rule for title case is upheld by some style guides, but not all. The Chicago Manual of Style follows that rule (except in cases in which an article, preposition, or coordinating conjunction is the first or last word in a title). However, The Associated Press would have you capitalize prepositions and conjunctions if they are four or more letters long. For others, the magic number is five rather than four. So, according to some guides, you have to worry not only about the part of speech, but also about the length of the words. There is another common- but incorrect- â€Å"method† of using capitalization in titles. I used to follow it myself (see my first paragraph). Many writers mistakenly believe that in a title, you should capitalize the principal and longer words and lowercase the minor, shorter words. For example, writers often lowercase all two- or three-letter words in a title because they’re short, and many articles, prepositions, and conjunctions- most of which should be lowercased- are short, as well. However, short words can be nouns, pronouns, and verbs, etc., which should be capitalized. Part of speech is more important than length when it comes to determining capitalization in titles. For example: Why it’s Never too Late to Learn Grammar (wrong) â€Å"It’s† is a contraction of â€Å"it,† a pronoun, and â€Å"is,† a verb, both of which should be capitalized; â€Å"too† is an adverb, which should also be capitalized. Regardless of which convention you’d prefer to follow (except for the last example), you need to be consistent. Pick one (or follow the style guide of your employer, school, or clients) and stick with it. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Style category, check our popular posts, or choose a related post below:Math or Maths?Probable vs. PossibleNominalized Verbs

How to Manage Multiple Clients In ONE Place With CoSchedule [Live Demo] - CoSchedule Blog

How to Manage Multiple Clients In ONE Place With [Live Demo] Blog Managing multiple clients can sometimes be very strenuous.. we totally get it. Each client wants to use their own tools. Some are in Google Sheets others are using tools that you have never heard of before. That has all changed. Now you can easily use to manage all your clients  in one place and keep your agency workin like a well-oiled marketing machine! Watch This: Learn How To Manage Multiple Clients In ONE Place With With for Agencies, you can: Manage all your clients in ONE place.  Eliminate the need for spreadsheets, email threads, and multiple platforms! Get all your clients under one roof. Make it easy for you, your clients, AND your team to collaborate, manage projects, and get everything done. Simplify your team’s workflows and collaboration.  With custom integrations, team member approvals, and streamlined communication, you can easily facilitate real time collaboration with your clients, stay on track with project tasks, and execute on projects  faster. Customize to fit your needs.  is designed for flexibility. And as your clientele grows, so should your calendar. With three tiers of multi-calendar plans, makes it easy to scale your plan to fit your client’s unique needs! Improve client retention with data-driven results.  No more warm fuzzies. Prove the value of all your hard work with real data! Utilize ’s most advanced analytics to measure your success and improve client retention.