ADVANTAGES OF COST ACCOUNTING 1. Fixation of responsibility: Whenever a cost center is established‚ it implies establishing a kind of relationship between superior and subordinates. Thus responsibilities are fixed on every individual who is concerned with incurrence of cost. 2. Measures economic performance: By applying cost control techniques such as budgetary control and standard costing it helps in assisting the performance of business. 3. Fixation of price: By providing cost data it
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a) The objectives of budgetary planning and control system 1) To combine the ideas of all levels of management in the preparation of a budget. 2) To coordinate all the activities of the business so that each is part of an integral total. 3) To centralized control for example to control each function so that the best possible results may b obtained. 4) To decentralizes (delegate) responsibility to each manager involved. 5) To act as a guide for management decision
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STATEMENT OF PURPOSE “A dream acted upon by confidence becomes an ambition and that when followed with determination defines the purpose of existence in its entirety” I have been an inquisitive child and from my early childhood my instincts were drawn towards the most fascinating electronic device computer. I was overwhelmed with the things happening around the world with just one click. To fulfill the desire to explore the world of technology‚ I opted for engineering to mould my dream
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STATEMENT OF PURPOSE “The Art & Science of building stuff that does stuff at the Nanometer scale” * Richard E Smalley I am always intrigued by the depth involved and the broad range of sciences‚ this statement covers‚ for the purpose of defining Nanotechnology. It is one of the key statements which made this field curious to me. My interest in this field began‚ when I first came across the essay “There is Plenty of Room at the Bottom” written by Richard P Feynman. And thereafter‚ from curiosity
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Financial Statement Differentiation Jeff Leo ACC/561 - Accounting Instructor: Grace Kalil May 27‚ 2013 University of Phoenix ACC/561 course textbook Accounting Tools for Business Decision Making Chapter One provides in-depth descriptions of financial statements generated by a business to analyze accounting information. The balance sheet‚ income statement‚ retained earnings statement and statement of cash flows reports provide a quantified view of the financial health of a business. Financial
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Alex Mason Personal Statement University of Toronto Computer Science When I was kid‚ I was always interested in science and technology and science was probably my most favorite subject back in elementary school. I’ve always been deeply interested in computers and knowing how they work and it all started with my dad‚ introducing me to the computer systems at his work place that first sparked this interest. I can always remember the feeling of wanting to know
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Example 1- Rajesh had quit several jobs over the years under similar circumstances of anger and frustration. He did not want to continue the destructive emotional and financial pattern as it had taken a financial toll on him in the past. Currently he was working at a reputed bank where his frustration had slowly started turning into anger towards the people around him. Even though Rajesh was well aware of the pattern he did not know how to change it. His self-help attempts just seemed to make things
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STATEMENT OF PURPOSE In the past few years‚ India has been getting ready to become one of the strongest economies in the world. The current slogan `India Shining’ adopted by one of the country’s political parties‚ is most apt in business. With liberalization‚ the country has seen tremendous growth. Multinationals have poured in bringing with them‚ huge opportunity and most importantly‚ optimism for the future. The feel good factor is upon us‚ and I‚ as an Indian‚ revel in the new business avenues
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STATEMENT OF PURPOSE “Expectations and uncertainties are the joys of life” I am filled with a sense of déjà vu as I bring my pen down to fill in the application form. “For the second time in my career‚ I contemplate on what I would want to do in my future. The first time was when I decided to do my undergraduate degree in computer science engineering. This seemed to be the most
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E-mail: ******* STATEMENT OF PURPOSE The ensuring statement of purpose is meant to put forth my aspiration to pursue my career through Masters in Mechanical Engineering at your esteemed university‚ as well as description of my plans subsequent to my graduation. In this ever changing world of Engineering and Technology‚ passing day makes them obsolete‚ I want to attain the highest level of education and transcend new scope for research in Mechanical Engineering. This has always fascinated me
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