Managment and Cost Accounting Essay Example | Topics and Well Written Essays - 2000 words

Managment and Cost Accounting - Essay Example Since the costs of direct material and overheads are not determined accurately, there is a big risk that company might not produce competitive bids and unreasonably high prices are quoted to the insurance company. Therefore it is highly recommended that firstly the entity should classify accurately the costs associated with the product into fixed and variable. Secondly, actual charge is (should be) considered rather than standard costs, as it should be able to measure its actual cost of production. It is recommended that entity should consider using marginal costing method as it will allow the management to derive more relevant & important information for the purpose of decision-making. Information such as Contribution per unit, Break Even Sales (in units & value), Net Profit per unit and total can be of significant value to the management. In the era where companies are moving towards modern and world class business principles and reporting methodologies, there has been, since three decades, a significant debate on the validity of traditional absorption costing method in today’s decision making process. What are relevant costs when taking decisions relating to increasing the velocity of operating cycle and what are costs that are relevant solely when consideration is given to company objectives, goals and strategies? (Samford University, School of Business, Birmingham, Alabama, USA) We at William & Co. Consultants have made a feasibility study on the implications and benefits of implementing throughput accounting at BITE ME. "Throughput Accounting provides managers with a fresh set of eyes to identify and control bottlenecks. The drum, buffer, and rope will become part of the cost accounting lexicon in the future†, says Geoffrey Garland, Controller, StacoSwitch, Inc. (Steven Bragg). Throughput Accounting (TA) is a comprehensive management accounting approach which provides decision support information to managers

Global Crimes Analysis Research Paper Example | Topics and Well Written Essays - 1000 words

Global Crimes Analysis - Research Paper Example As a result, there is comparison and contrast of the various international criminal justice systems especially on addressing the major global crimes and criminal issues. Addressing some major global crimes Gangs provide significant contribution to crime activities such as firearms transactions and violence, drug sales and use, home invasions, car theft, homicide, graffiti, and other related major crimes in the world (Muraskin & Roberts, 2009). To address these issues, Muraskin and Roberts exemplified four generic programs such as prevention, intervention, suppression, and comprehensive strategies. In the US and even the world, punishments integrated with the justice systems are the usual way on how society addressed global crimes (Muraskin & Roberts, 2009). Furthermore, according to Muraskin and Roberts, in the US justice system so as to address major crimes especially those associated with terroristic acts, policy to address them requires sophistication and resources. This means, th e US has to advance further especially within its justice system when it comes to addressing global crimes. In the case of US’s war on drugs, which has become global, some advocates believe that there is a need for policy improvement and development in the justice system (Waller, 2009). For instance, based on Waller’s book, since the number of incarcerated law offenders is in an upward spiral in the US, taking for instance the figure from 1980 to 2001 which is 1,300 percent, it has become one of the bases for legalization of possession or sale of marijuana, cocaine and opium. According to some experts as pointed out from the book of Waller, this should be a remarkable indication that the US justice system has eventually failed on its war on drugs, which at some point have resulted to social consequences. At this point, Waller presents some significant facts that it is important to understand that the only means US could promote effective implementation of its policy as sociated with its war on drugs is to encourage the entire world to have its stand to fight on illegal possession and use of prohibited drugs. However, it is not only on fight against drugs is active in its participation. In fact, the fight against terrorism is not just a main concern of the US and the essential proof of this is the emancipation of international standards in the detaining of suspects in the said country (Hakimi, 2009). On the other hand, European governments are against transnational organized crime particularly on smuggling of migrants, trafficking in persons, and trafficking of firearms, which eventually lead to anti-political campaign for anti-trafficking interventions (Anderson & Andrijasevic, 2008). Although economic incentives are of primary importance in the organization of organized crime, non-economic nature associated with it such as cultural, social, and political issues are also remarkable prior to understanding and policing it (Arsovska & Kostakos, 2008) . There are many reasons why modern form of human slave in a form of sex trafficking and slave labor continue to persist today and these include debt as tool of manipulation, fraudulent practices which associate middle-men brokering across international boundaries, weak laws and weak enforcement of them, sponsorship laws in Persian Gulf States, lack of understanding of human