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Assignment on the Managerial Accounting

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Added on  2020-05-28

Assignment on the Managerial Accounting

   Added on 2020-05-28

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Assignment on the Managerial Accounting_1
Managerial Accounting 1ContentsIntroduction......................................................................................................................................1A description of firm’s client...........................................................................................................3Vision...........................................................................................................................................4Mission........................................................................................................................................4Growth drivers of company.........................................................................................................4Code of business conduct............................................................................................................5A description of the TDABC and its features..................................................................................5Time equation..............................................................................................................................6Features of TDABC.....................................................................................................................6In what ways TDABC is different from Activity-Based Costing and traditional costing systems.7Time-driven Activity-based costing and Activity-based costing................................................7Time-driven Activity-based costing and traditional costing system...........................................8Conclusion.....................................................................................................................................10References......................................................................................................................................11Introduction Managerial accounting is a process of measuring, interpretation, investigating, determining and communicating the information for the pursuit of organizational objectives and goals. It is
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Managerial Accounting 2essential for managers in the companies to keep the record of the resources that are required to accomplish the order and processes. Time-Driven Activity-based costing is an improved method of the Activity-based costing and the method is introduced by Kaplan and Anderson to save the time and the amount of the companies who implemented ABC. The report will discuss the concept of the Time-Driven Activity-based costing and its features. The report reflects that the suitability of this method for the company. The company that has been selected for the analysis is Johnson and Johnson, a leading manufacturing company. The report also includes the difference between TDABC (Time-driven Activity-based costing) and ABC (Activity-based costing) and traditional costing system.
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Managerial Accounting 3A description of firm’s client Johnson & Johnson is an American multinational that came into the existence in the year 1886 with its headquarters in New Brunswick, New Jersey. J&J produces medical devices, consumer, and pharmaceutical goods and it is having more than 125,000 employees in 60 countries. In the year 2015, the company had the sales of $70.1 billion (Johnson & Johnson, 2017). The company innovation team search for the positive effect on the health of the human beings with the use of the innovative products. J&J provide the opportunities to the entrepreneurs to live their dream of creating healthcare solutions to enhance the lives of the people globally. The company is also dealing with the innovators so that they can exchange the ideas and resources that lead to the success of the company (Johnson & Johnson, 2017). The company has faith in caring the world, individual at a time, motivates and unites the employees of the company. The products offered by the company are:-Consumer products- J & J offer the world’s largest variety of end user healthcare products. The company is able to fulfill the health needs of families by offering them painrelievers, allergy medicines, nasal decongestants, anti-diarrheal. The portfolio of baby brands consist of JOHNSON’S baby is well-known as one of the trusted by moms and hospital for more than 115 years (Johnson & Johnson, 2017). Medical devices- The business activities of the company are also involved in the medical devices that help the company to reach more patients and restoring more lives. The company is focusing on more than 100 years on advanced technologies, products, and services to improve the patient care and to bring better precision on each and every phase of operation (Johnson & Johnson, 2017).
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