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Topic: Business
Number of pages / Number of words: 7 / 1917
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With the use of lean manufacturing there is recognized improvements with the lead times, on-time deliveries, and scrap rates, however these are not captured anywhere on the generally accepted accounting practices (GAAP) financial statements. These changes usually cause for some initial decline in net income...


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These changes usually cause for some initial decline in net income. Even though the decline in net income is usually short lived it would be cause of concern for many executives. The net income decline is because as the company is working through its existing inventory, deferred labor and overhead moving from the asset side of the balance sheet to the expense section of the income statement...


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General points of the essay

Arthur Andersen: Questionable Accounting Practices An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management Disclosure and Accounting Practices in the Municipal Securities Market discuss the role of the financial accounting and managerial accounting functions in organizations General Accepted Accounting Principles Generally Accepted Accounting Principles Lean Accounting and the Basics of Accounting Managerial accounting vs Financial accounting Managment Accounting, Financial Control, Management Control, Strategic Management Accounting (Sma) The Basics of Finance, Accounting, and Beyond The Differences Between Financial Accounting And Management Accounting The ISAB argues that the accruals and going concern concepts are key underlying assumption in the preparation of financial statements. Discuss the problems for companies in applying these accounting concepts and explain why other concepts might al... Today's Accounting Practices JDS Uniphase Accounting Practices accounting - finanatial statements

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