The ok accountant. Успешный бухгалтер. Management Accounting. Auditing

butter accounting' gets its name, according to the text, because:

a.  it is an easy method to apply.

b.  it was developed in the United Stales.

c.  it does not relate costs to particular products.

d.  it spreads costs too inaccurately

2) Is 'peanut butter accounting' a good system for managers to use?

3) What point did Kaplan make before the publication of his book?  

4) Has accountancy changed to deal with this?

5) In the following paragraph choose the alternatives which are correct according to the text.

Because of the previous system of (production/accounting) used, managers' decisions about (how/when) to produce were based on (unrealistic/accurate) cost figures. Thus a product's costs were calculated according to the (materials/hours) needed to make it. This method was (suitable/not suitable) because of changes in (production methods/labour costs). This meant that costs (were/were not) being accurately related to (each product/all products).

6) What evidence do we have that ABC works?

7) What evidence is lacking about the success or otherwise of ABC?

8) What argument is used as support of ABC?

9) From the list below choose the proposals which Kaplan makes to solve the 'peanut butter' problem.

SPEAKING

1. Knoblauch, Inc. manufactures rugby jerseys for collegiate sport teams selling its merchandise through university bookstores. Identify a specific item in the company’s manufacturing, selling, or administrative processes for which the cost would be classified as:

 a. raw material, b. direct labour, c. variable manufacturing overheard,

d. fixed manufacturing overhead, e. fixed administrative expense,

f. indirect selling expense, g. direct selling expense.

2.  Conduct this one-to-one negotiation with уour partner.

Role Play

Student A

You are the Purchasing Manager at a pharmaceutical company in Oslo. You're negotiating a deal with an engineering company in Budapest. You desperately want to buy some equipment from them that will enable you to package your products. The terms of the negotiation are listed below. Your task is to get twelve stars or more. You begin the negotiation.

Student B

You are the Marketing Manager at an engineering company in Budapest. You are negotiating a deal with a pharmaceutical company in Oslo. You have a cash flow problem and very much need to sell some packaging equipment you have produced that will enable the pharmaceutical company to package their products. The terms of the negotiation are listed below. Your task is to get twelve stars or more.

Student A

PROJECT X

Schedule for Phase 1: January 10 - March 31

Student B

WRITING

1. The following charts show a breakdown of the costs of production in three similar companies which build 16 to 18 metre racing yachts. You work for the British company and have been asked by the Cost Accountant, Gladys Garwood, to write a brief memorandum for her setting out your findings. She has given you a few brief notes indicating the sort of information she is looking for.

Unit 7 AUDITING

GETTING STARTED

1. Discuss the following questions with your partners:

● What is the function of auditors?

● What requirements do these functions impose on the people professionally involved in auditing?

2. Read the passage below to check your findings.

The financial statements on which public accountants express opinions serve as a basis for securities trading and credit extensions. The reports issued by governmental auditors are often a basis for proposed legislation. In today's society, it is imperative that many types of organizations be subjected to an audit. Management, stockholders, credit institutions, regulatory agencies, and legislative and executive branches of federal, state, and local governments require such audits.

The modern auditor must be a talented individual who has the ability