included the theft of unearned payroll for approximately $800‚000. All the defendants are stated to have received pay for hours they did not work. These thefts were alleged to have happened between August 2007 and March 2011. ("Former Patton State Hospital employees charged in $800‚000 payroll fraud case‚" n.d.) After criminal charges were filed‚ the State’s Controller’s office released an audit that uncovered inappropriate payroll methods resulting in over $900‚000 in payroll theft between July 2010 and
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and Critique of COMEX: A Cost Management Expert System Danijela Grahovac and Vladan Devedzic (2010) wrote an article about an expert cost management system called COMEX (cost management expert system). The article offers an explanation of what the system is designed to do and how it assists billing departments within a company in particular. The system assists in the gathering of costing data pertaining to products‚ services and customers (Grahovac & Devedzic‚ 2010). Cost management is vital to
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historical cost accounting still widely and continuously to be used by most companies in their accounting. Conversely‚ reporting current cost in accounting are recommended rather than historical cost as it is the fair value reported in the current year would be beneficial to the firm and the shareholders of the company. 2.0 Historical Cost Accounting and Benefits of Current Cost 2.1 Introduction to Historical Cost‚ Disadvantages and Advantages of Historical Cost The historical cost accounting is
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bidding process to acquire fund from external sources including Government. This process needs to prove its capacity and quality by qualifying itself in the current market approach of contractual bidding. The sound and professional financial management system of an organization helps to move forward to award
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outsources in some way; typically‚ the function being outsourced is non-core to the business. By choosing to outsource jobs in developing countries‚ businesses can attain massive benefits while simultaneously strengthening the economies of the two partners. To some outsourcing may seem as a choice‚ but in reality its cost saving factors may be the only option. In America‚ almost every person has seen or bought a product of an outsourced company. Volkswagen‚ Nike‚ Apple‚ and other commonly known
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least two benefits if using enterprise systems. Enterprise system is an integrated enterprise-wide information system that coordinates key internal processes of the firm. Set of integrated modules for applications such as sales and distribution‚ financial accounting‚ investment management‚ materials management‚ production planning‚ plant maintenance‚ and human resources that allow data to be used by multiple functions and business processes. Enterprise systems also commonly
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ineffective spending around the globe‚ lawmakers looking for cost-saving measures would do well to turn to prisons. Prison reform must attain the lowest economic costs‚ lowering actual taxpayer dollars spent without giving up the benefits of attaining important social goals‚ which represent another form of cost when lost. Undoubtedly‚ the current prison system is doing little to separate the US from its international counterparts in minimizing such cost‚ yet prison privatization has yielded hopeful results
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Chapter 1: Introduction ------------------------------------------------- 1.1 Introduction Rice is the staple food for 65% of the population in India. It is the largest consumed calorie source among the food grains. With a per capita availability of 73.8 kg it meets 31% of the total calorie requirement of the population. India is the second largest producer of rice in the world next to China. The all India area‚ production‚ and yield of rice in the year 2001-02 was 44.62 million hectares‚ 93.08
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’’’Cost of living’’’ is the [[cost]] of maintaining a certain [[standard of living]]. Changes in the cost of living over time are often operationalized in a [[cost of living index]]. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Geographic differences in cost of living can be measured in terms of [[purchasing power parity]] rates. ==Cost-of-living adjustment (COLA)== Employment contracts‚ pension benefits
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Self-Cleaning Filter System Cuts Maintenance Costs Monday‚ October 08‚ 2001A routine oil and filter change in the tight quarters of the engine room onboard a boat is normally a messy and awkward job. Buckets of used lube oil and filter cartridges must be lugged up the narrow galley stairs for disposal and new oil and filters must be carried down the stairs‚ all in the short time while the boat is in dock for maintenance. Boston Harbor Cruises found that Alfa Laval’s Eliminator‚ an automatic self-cleaning
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