Abuses in coupon accounting
Article Abstract:
Abuses in accounting for coupon transactions can easily be committed given the lack of stringent internal controls in most companies. It would not be hard for brand and promotion managers under pressure to achieve profit targets to manipulate coupon liability and expense considering that no measures to prevent such abuses are provided by generally accepted accounting principles nor by the independent auditors of most companies. A study was conducted to examine current coupon accounting practices. Results revealed the lack of adequate controls in most participating companies. There was also a consensus among executives who participated in the study that abusive accounting practices pose a serious problem. Two measures for reducing the likelihood of the occurence of coupon accounting abuses are proposed.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1993
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Management accountants in court
Article Abstract:
Managerial accountants often can become a party to litigation. Areas of legal risk that managerial accountants are exposed to include: the use of internal accounting reports as evidence in litigation; challenges to accounting models used to determine sales contracts' charges; and personal liability for failing to disclose information mandated by regulators. Cases in which managerial accountants have figured include antitrust cases, wrongful discharge cases, and cases involving the measurement of damages. In order to forestall legal liability and have a good defense, managerial accountants must ensure that they give each situation sufficient forethought, pay attention to ethics, and ensure that accounting reports clearly classify costs.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1990
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Education: a partnership between industry and academe?
Article Abstract:
Accounting students and businesses benefited from a fall 1989 industry-education partnership program. Students gained useful information about management accounting by visiting a heavy equipment components manufacturer, a plastics plant, a consumer products plant, and a metals manufacturer. The students benefited from increasing their knowledge about the manufacturing environment, developing critical and creative thought processes needed for the solution of complex accounting problems, and becoming familiar with the accounting systems of various firms. The businesses benefited from the feedback from the accounting students, and they were able to become familiar with potential job applicants.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1991
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