Financial Accounting-I Course Code: BBA-104 Lesson: 1 Author: Dr. Chandra Shekhar Vetter: INTRODUCTION TO ACCOUNTING STRUCTURE 1.0 Objectives 1.1 Introduction 1.2 Development of accounting discipline 1.3 An accountant s job profile: functions of accounting 1.4 Utility of accounting 1.5 Types of accounting 1.5.1 Financial accounting 1.5.2 Management accounting 1.5.3 Cost accounting 1.5.4 Distinction between financial and management accounting
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Smith‚ Trevor Boyns‚ (2005)‚"British management theory and practice: the impact of Fayol"‚ Management Decision‚ Vol. 43 Iss: 10 pp. 1317 – 1334 This paper re-examines the impact of Fayol’s work on theory and practice of management in Britain‚ first‚ in the interwar period and second‚ in the post-war period of 1945 to the late 1960s. Lyndall Urwick‚ a respected British management thinker and writer described Fayol as “the most distinguished figure which Europe contributed to the management movement
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the future. The second is the creation of a mission statement which lays out how to realistically achieve the vision of the company. Third is performing a SWOT (strengths‚ weaknesses‚ opportunities and threats) analysis. Fourth‚ a company develops forecasts or predictions of future occurrences involving what will occur and when and also
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Introduction This essay illustrates the ideas of Henri Fayol and Abraham Maslow and their application to Suzie ’s job as a manager. According to Robbins‚ Bergman‚ Stagg and Coulter (2003‚ p.6)‚ a manager is defined as someone who works with and through other people by coordinating their work activities in order to accomplish organizational goals. In this case‚ Suzie ’s job as a manager required her to work with and through the supervisor and employees to run the store more effectively. In addition
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This assignment will compare and contrast the theoretical perspectives of management theorists Henri Fayol‚ Frederick Winslow Taylor‚ and Max Weber. Each of the three theorists had a unique view on public administration and policy. This assignment will briefly show the back ground and basic concept of each theory. Then the assignment will delve into each of the theories to determine how each theory stacks up against one another when they are laid side by side. The development of Taylor’s theory
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1. Division Of Labor • This principle of management simply means specialization increases output by making employees more efficient. • Maxis Communications certainly practices this principle of management as its employees are divided into departments that match their capabilities and expertise in order to produce the most efficient and effective services and products. • It is important that people who have a special talent or ability be placed at the correct department in order to maximize that
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ENRY FAYOL’S THEORY I MANAGEMENT STILL STAY RELEVANT IN TODAY’S MANAGEMENT Henri Fayol (Istanbul‚ 29 July 1841 – Paris‚ 19 November 1925) and his management theory have been in the greatest debate over time for its relevance for both the classic and contemporary management. To begin our exploration profoundly into the debate‚ we may borrow Fayol’s conclusion “without principles we are working in dark and chaos‚ without experience and judgment we are still working under great difficulties‚ even with
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Running head: Organize To Organize or Not to Organize Kim McFerrin Professor Morgan HRM 534 January 26‚ 2013 ORGANIZE Abstract In 1902‚ Target’s founder George Dayton opened his first store Dayton Dry Goods Company in Minneapolis‚ Minnesota. The residents in this community could expect dependable merchandise‚ fair business practices and a generous spirit of giving from their new store. Mr. Dayton shaped his new store around his personal principals and humanitarian spirit. By 1960‚ Mr
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LOGESWARI D/O SELVAN 016-4007921 Personal Details IC No : 930906-02-5820 Permanent Address : No. 90‚ Lorong 3‚ Taman Pahlawan 08000 Sungai Petani Kedah Darul Aman. Race : Indian Religion : Hindu Birth Date : 06 September 1993 Marital Status : Single Height/Weight : 1.69 m / 48 kg Nationality
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Identify and compare the contributions of Taylor‚ Fayol and Mayo to management today. Introduction This essay outlines the main contributions of Taylor‚ Fayol and Mayo to the study of management. It then evaluates the contribution of these writers to management as it is practiced today. It does this by discussing in turn their work‚ explicitly and implicitly drawing comparisons between them. It argues that the various contributions reflect the differing circumstances and needs of the theorists
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