Budget and Responsibility Accounting Budget Meaning Budget is a financial and/or quantitative statement‚ prepared and approved prior to a defined period of time‚ of the policy to be pursued during that period for the purpose of attaining a given objective. * CIMA Official Terminology It is a plan quantified in monetary terms‚ prepared and approved prior to a defined period of time‚ usually showing planned income to be generated and/or expenditure to be incurred during that period
Premium Generally Accepted Accounting Principles Management accounting Management
SR:200 million Skills: |Strong Analytical Skills‚ strategic thinking‚ Team player‚ proficient in use of | |PC‚ good communication & presentation‚ accounting &numerical‚ inquisitive& think| |out of the box | CARRIER HISTORY Employer : RED CAP (TAMIMI GROUP) Position : Branch Manager Duration : Marh’2007 till Dec’2012 Responsibilities: • To be in command of 30 employees of Al Hasa branch of 3000sq.mt retail automotive
Premium Management Supply chain management
simply repeating previous posts and agreeing. Discuss the pros and cons of accural accounting versus cash accounting methods. All discussion forums must require at a minimum: 1-Research (at least 2 citations) 2-Critical Thinking 3-Opportunity for dissent. Accrual Accounting versus Cash Accounting Ok‚ if we are to attain our career goals we need to understand these two methods of accounting. This topic is very important in almost any field that one chooses to fashion their
Premium Generally Accepted Accounting Principles Accounts receivable Accounting software
GM03 Quantitative Techniques for Managers Assignment No.I Assignment Code: 2011GM03A1 Last Date of Submission: 31st March 2011 Maximum Marks:100 Attempt all the questions. All the questions are compulsory and carry equal marks. Section-A Ques.1 In a certain examination there were 100 candidates of whom 21 failed‚ 6 secured distinctions‚ 43 were placed in third division and 18 in the second division. It is known that at least 75% marks are required for distinction‚ at least 40%
Premium Standard deviation Voter turnout Exponential smoothing
customers has vastly increased making it much more difficult to keep track of the finance and performance. This is where accounting plays its role of systematically recording‚ reporting and analysing the financial transactions of a business. This essay aims to compare and contrast the roles and responsibilities of a management accountant with that of a financial accountant. Accounting allows a company to analyse the financial performance of a business and represent its position through past and future
Premium Management accounting Income statement Management
can use to keep the customers happy in his chain of restaurants. Rajat‚ restaurant business faces following challenges: on busy nights – all tables get booked‚ customers are lined up and waiters are occupied serving meals and clearing tables and managers are busy to make sure that the show runs smoothly and happy satisfied customers strolls out of the door. Challenges in Restaurant industry: As per statistics data‚ between 60 – 80% of new restaurants fail within the first year. Around 70% of those
Premium Customer relationship management Customer service Enterprise resource planning
Managerial Accounting Final Essay – Managerial Accounting Abstract Discussing the importance of managerial accounting for managers and business leaders who are not accountants. Understanding accounting principles‚ job costing‚ decisions for capital investments‚ and central versus decentralized business units. Managerial Accounting In business‚ accounting principle is necessary for report annual and quarterly reports‚ IRS‚ shareholders
Premium Management accounting
Introduction The Human Resource Department deals with management of people within the organization. There are a number of responsibilities that come with this title. First of all‚ the Department is responsible for hiring members of staff; this will involve attracting employees‚ keeping them in their positions and ensuring that they perform to expectation. Besides‚ the Human Resource Department also clarifies and sets day to day goals for the organisation. It is responsible for organisation of people
Premium Human resource management Human resources
cost accounting. This introductory chapter explains the intertwining roles of managers and management accountants in choosing an organization’s strategy‚ and in planning and controlling its operations. Unlike the remainder of the textbook‚ this chapter has no “number crunching.” Its main purpose is to emphasize the management accountant’s role in providing information for managers. Review Points organization. Cost accounting provides information for both management accounting and
Premium Management accounting Management Cost accounting
Financial Accounting vs Management Accounting Management accounting is a field of accounting that analyzes and provides cost information to the internal management for the purposes of planning‚ controlling and decision making. Management accounting refers to accounting information developed for managers within an organization. CIMA (Chartered Institute of Management Accountants) defines Management accounting as “Management Accounting is the process of identification‚ measurement‚ accumulation
Premium Management accounting