There are five main parts to a lab report: The title, the aim, the method, the results and the conclusion. Then put an appropriate title. The title should be informative and brief – make sure it is not too general. The aim of an experiment is the objective. In other words, it says what can be learned from the experiment. The aim should be brief – one or two lines. If a hypothesis was formulated before the experiment was done, than it should be written here. In addition, any good hypothesis should be backed up with an appropriate justification. If a sheet explaining the method was used in class, often it is enough in this section to write “See instruction sheet . . . ” and put the title of the sheet used. A step-by-step description of what was done during the experiment. It should be written using language such as “The beaker is placed on the tripod and heated for four minutes”.

1. A diagram or images to illustrate the apparatus used and how it was set up. It can be a drawing or a photo. Try to keep the method as brief but precise and clear as possible. The results of the experiment are your observations. Observations are what you saw, heard, felt, etc. during the experiment. In the results we put what happened during the experiment but we do not state any interpretations of the results. The results are sometimes only qualitative, sometimes only quantitative, but often they are both. Often, a diagram shows the results best. If you have any photos of the results, put them in this section. If many quantitative results were found, they can be shown as a graph or as a table. The conclusion is the most challenging part of the lab report because it involves analyzing the experiment and it tries to explain what the experiment proves.

The conclusion includes some or all of the following information: Interpretations of the results. In other words, what do the observations mean? For example, if an indicator turned from blue to red, explain what significance that has. If a hypothesis was given in the aim, the conclusion should state whether the hypothesis was confirmed or contradicted by the experiment. Sources of error – if unexpected results were obtained, what possible flaws might have existed in the way the experiment was set up? How could the experiment be improved? The best place to start when writing the conclusion is to go back to the aim. Read it again and see what the experiment was trying to show. Did it show that or something totally different? The conclusion may only be one paragraph but usually takes several paragraphs to explain fully. Remember, the results are what you got, and the conclusion is what you learned.

How does budgeting help management make good business decisions? What are some of the different types of budgets? Describe in detail one type of budget covered in the text. Describe what the budget is used for and what information it provides a business. As you respond to your classmates, discuss how the budget you described relates to the budgets they described. Discuss how a business benefits from each of the budgets. Imagine you have been selected by your manager to present a training session to a group of new employees. The new hires do not have accounting backgrounds and have little or no work history in a responsibility center. The purpose of this training session is to explain the functions of each of the different responsibility centers. Develop a 10- to 12-slide Microsoft® PowerPoint® presentation that you may use as part of this training session. Explain what each of the different responsibility centers is and what each is accountable for and why each center has its own budget. Provide an example of the kinds of decisions where incremental analysis would be used in each center. What is a flexible budget?

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