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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experience for my age. The three elements I live for daily are: Hard work‚ Planning and persistence. KEY ACHIEVEMENTS Managing my parents store and fruitful relations with suppliers and clients Client and customer satisfaction management in both store management and hostess work. Arranging and assisting the vice president in the Lebanese American university and meeting deadlines. Managing dance choreographies and making stage performances. Managing financial records and book keeping at the
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FINANCIAL ENGINEERING Unit I: Introduction to Financial Engineering- Scope- Tools- Financial Engineering Vs. Financial Analysis- Factors contributing to the growth of financial engineering.- Innovative Products of the Last twenty years- present changing scenario of securities industry. Unit I: Introduction to Financial Engineering Unit I see the prescribed Text book. Unit II is OK What is Finance? • Finance is about the bottom line of business activities • Every business is a process of acquiring
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International Corporation M.MASOOD AHMED QAMAR 01-111081-086 BBA 7th C SUBMITTED TO: SIR COL.MANZOOR AWAN 5/6/2011 TABLE OF CONTENTS COMPANY PROFILE 1 HISTORY 2 Introduction: 2 Products and Innovation: 2 SWOT ANALYSIS: 4 INTERNAL ENVIRONMENT: 5 Mission statement: 5 Policies: 5 Formal Structure: 7 Organization Division: 8 ORGANIZATION CULTURE: 10 EXTERNAL ENVIRONMENT: 11 Ways in which Strength are Exploited: 12 MANAGEMENT PRACTICES:
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Variable costing and absorption costing are the two most commonly used methods of inventory costing for manufacturing companies. The inventory method of variable costing takes place when total direct and indirect variable manufacturing costs are included within inventoriable costs. Fixed manufacturing costs however‚ are considered costs of the period under variable costing. The next method of inventory costing‚ absorption costing‚ includes all variable manufacturing costs as well as fixed manufacturing
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Engineering Ethics: Do engineers owe duties to the public? John Uff CBE QC FREng Nash Professor of Engineering Law‚ Kings College‚ London Engineering Ethics: Do engineers owe duties to the public? John Uff CBE QC FREng Nash Professor of Engineering Law‚ Kings College‚ London Contents Introduction Codes of Conduct and the Institutions Legislation governing safety and environment Duties arising in contract Limits on enforceability Duties arising in tort Ethical duties recognised by the law
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Women in management have to deal with prejudices‚ bias and stereotypes about job related emotional behavior. Sheryl Sandberg says “Our stereotype of men holds that they are providers‚ decisive and driven. Our stereotypes of women hold that they are caregivers‚ sensitive and communal.” (40). A man’s scolding to his subordinates is generally recognized and appreciated for his leadership and aggressive nature whereas women’s burst is criticized. Her assertiveness is considered in contrast to her traditional
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Sony Corporation Introduction In an economy that thrives thoroughly on technology and progression itself‚ there are many companies that have taken advantage of the opportunities that have been offered to them through science. Due to continuous development in technology‚ companies are being able to find their path in success through competitive products and service. And one of the Company that would strike on peoples mind in no time while talking about information technological
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TECHNICAL PROPASAL FOR CONSULTANCY SERVICES ON CHANGE MANAEGEMENT STRATEGY FOR OPERATIONALIZING OF THE BALANCED SCORECARD (BSC) SYSTEM AT THE HIGHER EDUCATION LOANS BOARD BY: UniAfric House‚ Koinange Street‚ 2nd Floor‚ Suite 267 Tel: 020-2211737 P.O.BOX 42468-00100‚ NAIROBI. info@OutlookSolutionsLtd.co.ke PREPARED FOR HIGHER EDUCATION LOANS BOARD TENDER NO. HELB/RFP/10/2013-2014 28th January 2014 To: The C.E.O &Board Secretary Higher Education‚ Loans Board
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SCHOOL OF INFORMATION SCIENCES 2013/2014 ACADEMIC YEAR- 4thYEAR COURSE CODE: INS 434 COURSE TITLE: SOFTWARE ENGINEERING ASSIGNMENT PRESENTED BY: WINFRED IF/XX/XX GORBACHEV XX/XX/XX RAMJIUS MUHSIN A. IS/04/09 TIMON XX/XX/XX AUSTINE XX/XX/XX TO LECTURER: MR. KIMUTAI Task Compare and contrast the Scrum approach of project management with conventional plan-based approaches‚ as discussed in Chapter 23. The comparisons should be based on the effectiveness
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