A5-Chpt 7 Assignment Example | Topics and Well Written Essays - 250 words

A5-Chpt 7 - Assignment Example Its other fundamental role is in the industrial field, where it acts like a trade organization. Through this it enables the preservation of a secure ACH Network and at the same time, taking into account the public sentiments (NACHA). There are numerous innovations and technologies in emergence, thus changing the manner in which businesses access, utilize and transit their money. The current world is shifting into an electronic and mobile infrastructure (NACHA). This depicts the essence of securing the electronic payments to ensure that they operate as expected by the consumers. Here the ACH Network emerges into involvement because it makes all these possibilities into action. In addition, NACHA is the trustee of this payment network. The major participants involved when making an ACH e-payment are the originator, ODFI, ACH operator, RDFI, receiver and the third party processor (NACHA). There are various changes and upcoming projects that are emerging from the ACH Network. Some are already in implementation while others are still in the planning stage. However, there is one outstanding project that is underway and it entails authorization proof for non-consumer entries. This project will be effective by the end of the 2014 year, awaiting its implementation (NACHA). Currently, RDFIs are often not asked to provide authorization proof for their card transaction entries. This will improve the security protection, thus impeding any corrupt activities when transacting business and making payments. This is a relevant project coming up in the ACH that will boost its network

Managerial Acconting Essay Example | Topics and Well Written Essays - 2500 words

Managerial Acconting - Essay Example Product prices mean both fixed and variable factors and the cost unit bears a full burden of all the costs. The paper focus to illustrate the validity of the variable and absorption models of costs of production, which determines the levels of profitability of a product. It outlines the justification for difference in profits when using variable and absorption costing systems. It is imperative to note the main difference in profits when using variable and absorption costing systems. In absorption costing methods, fixed overhead costs are applicable to manufacturing costs, calculated per unit. That is, fixed costs divided by the units manufactured and sold over a period considered during costing. It results to the cost, per unit, of every unit that the firm manufactured or sold over a period. In variable costing, the fixed overhead is applied as a lump sum expense, rather than a unit. The fixed overhead include the summation of all variable costs such as raw materials and supplies among other costs. A sum of fixed overhead costs over a period is added. Instead of figuring the expenses on a unit basis, they are subtracted from the revenue as a lump sum figure. The unit profit calculated under absorption costing, therefore, is lower than that calculated under variable costing. Managements have interests that each product should have its total cost, both fixed and variable, and still generate profits. For every business, generating profits is the key target. If a product does not give benefits, then the management may consider discontinuing production over time. That implies that a product needs to recover all the costs involved in its production as well as provide returns to warrant profitability. Not all the goods provide the same contribution towards profitability. Some products may sell at a cost that covers variable costs to the maximum levels but fail to meet