To Organisation Organisation is one important element of the management process. It is next to planning. In management‚ organisation is both the process as well as the end-product of that process which is referred to as organisation structure. Such structure acts as the foundation on which the whole super-structure of management is built. Sound organisation structure is essential for the conduct of business activities in an efficient manner. It is within the framework of the organisation that
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Marginal Costing Marginal cost is the increase in the total cost when the total quantity produced increases by one unit. That is‚ it is the cost of producing one more unit of a good. Generally‚ marginal cost at each level of production is the additional costs required to produce the next unit. For example‚ if producing additional computers requires building a new factory‚ the marginal cost of the extra computers includes the cost of the new factory. In practice‚ this analysis is divided into
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Modern Systems Analysis and Design Prof. David Gadish Chapter 1 The Systems Development Environment Learning Objectives ü ü ü ü ü ü Define information systems analysis and design. Describe the different types of information systems. Describe the information Systems Development Life Cycle (SDLC). Explain Rapid Application Development (RAD)‚ prototyping‚ Joint Application Development (JAD)‚ and Computer Aided Software Engineering (CASE). Describe agile methodologies and eXtreme
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Forecasting forms an integral process within an organisation where data from several sources are processed and integrated to manipulate projections for different departments. Finance develops a long term forecast to evaluate the investment needs and capital; Marketing develops a mid-term forecast projecting sales; Operations produces a forecast to make decisions on short term scheduling‚ inventory management and long term capacity planning and Human Resources uses the forecast to evaluate personnel
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Marginal Costing Versus Absorption Costing The MAIN DIFFERENCE is the treatment of FIXED COSTS. This treatment can produce different profit figures.The two methods of costing produce different profit levels dependent upon the net change in the level of stock during the period.This is due to the VALUATION of the net change in stock during the period. In [...] Over/(Under) Absorption Of Overheads In earlier articles‚ we discussed about absorption costing‚ its advantages and disadvantages and
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EXERCISE 3–1: Process Costing and Job-Order Costing [LO1] Which method of determining product costs‚ job-order costing or process costing‚ would be more appropriate in each of the following situations? * a. An Elmer’s glue factory. * b. A textbook publisher such as McGraw-Hill. * c. An Exxon oil refinery. * d. A facility that makes Minute Maid frozen orange juice. * e. A Scott paper mill. * f. A custom home builder. * g. A shop that customizes vans. * h. A
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Just as organisations have goals describing their primary business objectives‚ they also have goals with respect to controlling how these objectives are met. These are the control goals of an organisation which are enforced through a system of internal control. Such a system enables them to adhere to external laws and internal regulations‚ prevent and detect fraud and continuously enhance the overall quality of the business. Independent of the type of organisation‚ these internal control systems use
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However‚ those judgments cannot be considered true without proper basis. Thus‚ every academic institution nowadays conducted the faculty performance evaluation to assess the effectiveness of the teaching personnel. A manual teacher evaluation system is difficult and hard to automatically furnish accurate reports and results. The process takes a lot of time and it takes many days or months to compute for the result. The HRM officer and its staff which are the prime movers of this activity made
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Week 1: System Overview Project Description AIOcloud File Manager is a PC and mobile app will allow the sync‚ transfer and editing of document‚ photos‚ music and so on between multiple clouds services‚ i.e.‚ Google Drive‚ Microsoft SkyDrive‚ Dropbox‚ F.T.P and company owned cloud server that has an application-programming interface (API) support. Project Organization Structure The project is organization conform to the principles of Agile-Scrum. Scrum consist of three core roles Product
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Job Costing Job costing is the process of tracking the expenses incurred on a job against the revenue produced by that job. Job costing is an important tool for those who are pairing a relatively high dollar volume per customer with a relatively low number of customers. For example‚ building contractors‚ subcontractors‚ architects and consultants often use job costing‚ whereas a hardware store or convenience store would not use job costing. Job costing using accounting software enables you to track
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