taken on particular significance in the Catholic Church: the Apostles’ Creed and the Nicene Creed. The Apostles Creed derives its name from the tradition that it originated from Jesus’ apostles themselves. The Nicene Creed is named from the ancient city of Nicaea‚ in which the creed was first originally accepted by a council of the church’s bishops in the year 325CE. It is the creed that is proclaimed by Catholics during every Sunday celebration of the Eucharist. Also‚ this same creed has been recognised
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in the population. According to the definition provided by the United Nations‚ megacities are cities with populations of over 10 million (UNFPA‚ 12). Based on this definition‚ it is expected that the number of megacities in the world will be mostly located in the developing world. However‚ the definition of megacities based on the population size is arbitrary given that the population in any given city changes with context and time. In the ancient times‚ for example‚ Rome‚ which has a population
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Product Costing Module in ERP for L&T Kansbahal Works‚ Kansbhal‚ Orissa : A Case Study 1 Seema G. Bhol‚ 2Arun Mishra & 3Srikanta Patnaik Sambalpur University‚ Burla‚ Orissa‚ India‚ 2Head (IT Services)‚ L&T‚ Kansbhal‚ Orissa‚ India‚ 3 Department of Computer Science ITER ‚ SOA University ‚ Bhubaneswar‚ Orissa‚ India E-mail : guptaseema@hotmail.com‚ arun-kbl@kbl.ltindia.com‚ patnaik_srikanta@yahoo.co.in 1 Abstract - One need to be very accurate in what the products and services are costing. Inaccurate
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2. Establishing a Selling Price for the product Based on the market research of a new product and also the market condition‚ the selling price is established. The desired profit margin is subtracted from the target selling price to determine the target cost. If the target cost is below the company’s current cost‚ the company may decide to introduce the product and functional cost analysis may attempt to reduce cost to an acceptable level. If the target cost is above the current cost‚ functional
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1.0 Life cycle costing (LCC) 1.1 Definition Life cycle costing is a cost management approach which includes all costs and ensures that all those costs are managed over the life cycle of the product. Product life cycle begins from conception of the product until its abandonment which can be referred as ‘from cradle to grave‘. Product life cycle has four stages: 1) Product planning and initial concept design It involves process of identifying any underlying conditions‚ assumption‚ limitations and
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IS STANDARD COSTING OBSOLETE? Department of Accountancy University of Kelaniya What is Standard costing? Standard costing is technique which establishes predetermined estimates of the costs of products and services and then compares these predetermined costs with actual costs as they are incurred. Management Accounting 2 What is Variance? The difference between a cost’s actual amount and its budgeted or planned amount Unfavorable cost variance Actual cost > Budgeted Amount Favorable cost
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Solutions While enterprise content management (ECM) and business process management (BPM) software solutions have similarities‚ their focus is different‚ and they are seen by analysts‚ such as the Gartner Group‚ as being distinctly different. ECM is based upon a number of technologies that promise to allow organizations to capture‚ manage‚ store‚ and provide content and documents to their employees‚ customers‚ and other key stakeholders.ECM solutions may include the following: document imaging‚ electronic
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Implementation of a Web-Service Based Public-Oriented Personalized Health Care Platform OBJECTIVE The main objective of this technique is to develop Public-oriented Health care Information Service Platform‚ which is based on such technologies. We design and implement the health care platform based on SOA and Web service technologies. DOMAIN Web Services‚ SOA‚ Biomedical Healthcare SYNOPSIS As an emerging form of enabling technology‚ Web-based e-Health portals
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this document I am going to explain the definition of cost and the difference between absorption costing vs. variable costing‚ and also if overproducing is an ethical practice or not. Also I will be showing some calculations and data to explain a get a better idea of this entire situation and how we can resolve some problems in management accountant. Cost is the monetary value of goods and services expended to obtain current or future benefits. The way that a cost will be used defines the way it
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basis adopts the accepted cost concept of what the product can bear while the physical measurement basis is based on physical measures as weight‚ volume etc. Literature survey has highlighted certain other methods as techno commercial factor evaluation basis and input based cost driver basis. Robert Kaplan and Antony Atkinson have given an illustration as how the joint and by-products costing method can be used as a tool in the resource allocation process. The paper aims to generate further discussion
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