PRINCIPLES OF COST CONTROL 1.1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action - the action not taken - is often called the "opportunity cost". The accountant is primarily concerned with the absolute cost. However‚
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How to Make a Step-by-Step Flow Chart for a Payroll System By Natalie Grace‚ eHow Contributor Print this article A flow chart shows the sequence of your payroll processing duties. A payroll system is the avenue through which you process your payroll. You cannot process your payroll without a payroll system. The three types of payroll system are manual‚ in-house computerized‚ and external (outsourced). The manual system requires you process your payroll by hand; the in-house computerized
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preparation. Preparation demands accountability and is an individual responsibility with so many interdependent factors. Glenn shows us five things we should consider in order to prepare more effectively as a leader: 1. Never stop being accountable – leadership is not about you‚ it’s about others. Being prepared for the unexpected is what you are being held accountable for as a leader. Don’t let the unexpected stop you‚ but continually think and move forward 2. Pause and pay attention to your employees:
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“Philosophers”‚ “architects”‚ “dreamy professors”… These epithets are most often used to describe the INTP personality type. INTPs love theories and believe that everything can be analyzed and improved. They are not that concerned about the real world and practical things – from the INTPs’ perspective‚ it is often less exciting than ideas and intellectual pursuits. People with this personality type have no difficulties noticing patterns where others cannot – this makes them brilliant theorists and
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In the movie‚ Stepmom‚ the struggles of divorce‚ trust‚ and dealing with a new stepmom are being tried. There are many different issues within the movie that deal with conflict. Which is why I chose the topic conflict for this paper. The first concept and scene I chose for conflict stems from the management style compromise. The management style compromise is the style that attempts to find the middle ground in a conflict (pg. 235). One particular scene stood out to me in the movie and that scene
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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Step 6: Once the drilling gets about 500 feet above the shale formation‚ a downhole drilling motor with sophisticated measuring instruments begins the angle drilling creating a new horizontal path into the shale formation. Step 6: Once the drilling gets about 500 feet above the shale formation‚ a downhole drilling motor with sophisticated measuring instruments begins the angle drilling creating a new horizontal path into the shale formation. Step 4: The cement and casing are then pressure tested
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Basic Steps 2/4 Time Signature 3/4 Time Signature Chapter I Introduction Lesson Objectives Exercise 1.2 * 2. Lesson 2 Lesson Objectives: To execute the basic steps with accuracy while dancing; To enumerate the basic steps in the different dance patterns: 2/4 and 3/4 time signature; and To define each basic steps. * 3. The following basic steps are arranged in alphabetical order. It is divided into two groups‚ the 2/4 and the 3/4 time signature. You will notice that some basic steps are found
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Linking…………………………………………………………………………….5 4. Interview………………………………………………………………………..6-8 5. Comment in interview……………………………………………………..8 6. Benefits from project……………………………………………………….9 7. Presentation 1- Introduction This project summarizes the concept of transforming leaders‚ which Transforming leadership mean a process in which "leaders and followers help each other to advance to a higher level of morale and motivation". If we trying to move into a new leadership position‚ we must correctly
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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