The following essay explains the importance of cost accounting for stakeholders of Multinational Companies‚ particularly the shareholders & the customers. Who are the stakeholders of an organization? according to (Freeman 1984) stakeholder is “any group or individual who can affect or is affected by the achievement of the firm’s objectives” going by this definition stakeholders of a company would include lenders‚ creditors‚ customers‚ shareholders‚ government‚ media‚ political groups‚ local charities
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Contract costing is a system of job costing that is applied to relatively large cost units‚ which normally take a considerable length of time to complete. Building and construc¬tion work‚ civil engineering and shipbuilding are some examples of industries where large contract work is undertaken‚ and where contract costing is appropriate. Contract Costing deals with the books of the Contractor only‚ i.e. the cost of the work and measuring the profit or loss on the contract. Contract costing is
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THE IMPORTANCE OF GOOD MANNERS Essay One of the first most visible characteristics that distinguish a person from the 21st century‚ from most of his predecessors‚ is the way in which our contemporaries behave themselves. Humanity has existed long enough on this Earth to understand‚ that there are certain unwritten laws‚ which govern our everyday life. It wouldn’t be a far-fetched statement if I say that obeying these universally accepted rules ensures if not a successful social life‚ then
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operating and financial policies of B Co. This being said A Ltd. owns 45% interest in B Co and thus needs to account for that percentage of ownership appropriately using the proprietary model of consolidation. This will accurately and reliably reflect accounting information provided on the consolidate statements. 2. Q: A Ltd. holds no shares of B Co.; however‚ it holds convertible bonds issued by B Co. that‚ if A Ltd. converted them‚ would result in the ownership of 51 percent of the outstanding shares
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17 2.4.4 Qualification Specification 17 3 The Importance of Job Analysis 19 4 The Existing Problems 21 4.1 Ignoring Job Analysis’s importance 21 4.2 Lake of Flexibility 21 4.3 Communication Disorders 21 4.4 Poor Performance in Helping Employees’ Further Development 22 4.5 Poor Accuracy 22 4.6 Lake of Enough Objectivity 22 5 The Suggestion of Using Job Analysis 23 5.1 How to Conduct Job Analysis 23 5.1.1 Job Evaluation 26 5.1.2 Management of Compensation 29 5.2 Other Suggestions for Using
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SCHOOL OF BUSINESS AND ECONOMICS STRATEGIC MANAGEMENT & INNOVATION MGT 611 EMERGING INDUSTRIES & MANAGEMENT TECHNOLOGY. DATE: 15TH JULY‚ 2011 INTRODUCTION Technology is a greatly dynamic field. Tools and systems of technology are constantly and ever changing. New ideas and innovations are coming up every other hour. The think tank of new technologies never sleeps. Needless to say‚ users of the same are always on the lookout for newer‚ better‚ cheaper and easier to use systems
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| What you think Management of Information Systems is and why it is important in today’s business environment? Management Information Systems (MIS) is the term given to the discipline focused on the integration of computer systems with the aims and objectives on an organization. Modern businesses have been leveraging on MIS to manage‚ order‚ organize and manipulate the gigabytes and masses of information generated for various purposes. MIS helps businesses optimize business processes‚ address
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A STUDY ON TALENT MANAGEMENT IN SOFTWARE INDUSTRY Talent Management: An Introduction An organization‚ today‚ large and small‚ depends on talent management as a part of their business strategy. The present business environment is very challenging due to intense competition among the corporate business world. Creation and preservation of knowledge has become a key tool in accelerating competitiveness and enhancing organizational capabilities to respond according to the market changes‚ where
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Sprint is now organized around three major divisions - one focused on individual (consumer) customers‚ one focused on business customers‚ and one focused on its local telephone service (for both residential and small business customers). Sprint offers an extensive range of innovative communication products and solutions‚ including global IP‚ wireless‚ local and multi-product bundles. A Fortune 100 company with more than $27 billion in annual revenues in 2004‚ Sprint is widely recognized for developing
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STRATEGIC MANAGEMENT PAPER I. Introduction a. Company Background b. Paper Design and Methodology c. Scope and Delimitation II. External Analysis a. Economic Forces b. Political Forces c. Socio-Cultural d. Technological e. Environmental f. Competitive Forces III. Industry Analysis a. Industry Analysis – Introduction about the industry b. Marketing Mix 1. Product and Market Share 2. Price 3. Promotion 4. Distribution Channels 5. Customer 6. Target Market 7. Competition
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