Accounting plays an important role in the life of organizations. There are several types of accounting such as financial‚ management and governmental accounting‚ taxation‚ audit. These types are usually focusing on different types of users that are interested in different types of information. In this essay I will examine the differences between financial accounting and management accounting. The basic difference between financial and management accounting is their target group. Management accounting
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MODULE 2 Data Types & Measurements LEARNING OBJECTIVES Learning Objectives: Distinguish between qualitative(categorical) and quantitative (numerical) data. Distinguish between discrete and continuous numerical data. Identify the various scales of measuring data – nominal‚ ordinal‚ interval and ratio.. Implications of data types and measurement scales for statistical analysis. Reading Assignments Textbook – Chapters 1.1‚ 1.2‚ 1.3‚ 1.4‚ 1.5‚ 1.6 and 1.7
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customers has vastly increased making it much more difficult to keep track of the finance and performance. This is where accounting plays its role of systematically recording‚ reporting and analysing the financial transactions of a business. This essay aims to compare and contrast the roles and responsibilities of a management accountant with that of a financial accountant. Accounting allows a company to analyse the financial performance of a business and represent its position through past and future
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BANK MANAGEMENT SYSTEM PROBLEM STATEMENT: A Banking concern by the name “ABC Bank” wants to computerize its Banking Services. Bank Management is generally a very complicated task. To reduce the complexity‚ it wants to computerize its Banking services and for this purpose it wants software‚ which will handle all its transactions. The software created must get the overall information from the user. It should then give the user an option as to whether the user wants to make a withdrawal or
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SYNOPSIS [pic] A Project Report on “Credit Risk Management in Kotak Mahindra” SUBMITTED TO SUBMITTED BY Jaya Sree CONTENTS 1. Introduction. 2. Objectives. 3. Limitations. 4. Methodology. 5. Reference Introduction of the Topic: CREDIT: The word ‘credit’ comes from the Latin word ‘credere’‚ meaning ‘trust’. When sellers transfer his wealth to a buyer who has agreed to pay later‚ there is a clear implication of trust that the payment will
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Masters of Business Administration – MBA Semester 1 MB 0041 – Financial and Managerial Accounting – Assignment Roll No. 1305015785 Name of the Student: Pallab Kakoti Email id: ksetrajna@gmail.com Mobile : 958 256 3250 Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? Accounting‚ as an information system is the process of identifying‚ measuring and communicating the economic
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1.1 PRINCIPLES OF MANAGEMENT 1. “The managers of tomorrow will not be a bigger man than his father was before him.” – Critically analyse this statement and discuss the tasks expected to be performed by future managers to effectively deal with management challenges. 2. Identify four corporate social responsibility initiatives adopted by corporates which you are familiar with. Pg 102 3. “More centralization and decentralization are not advisable” – Do you agree or disagree? Justify. Suggest
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Finance and Accounting for Management Graduate School of Business Universiti Sains Malaysia COURSE GUIDE Lecturer: Semester: Associate Prof. Dr. Sofri Yahya; Dr Fathyah Hashim Semester 1‚ Academic Session 2012/2013 The information in this document is important and should be noted by all students undertaking the Master of Business Administration Degree Reviewed by: ………………………………………….. Date: 1 Approved by: ………………………………….. Date: AGW 610/3 Finance and Accounting for Management Course GUIDE
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implement the system. 1.2) Scope: This system allows the bank employee to maintain a record of all the customers who have account in the bank. With the help of this system‚ the employee should be in a position to search the records of a particular customer‚ provide him detailed account information and delete and update the customer information as and when required. 1.3) Overview: This system provides an easy solution to the bank employee to maintain customer as well as employee records and
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and the choice of new products; and the emergence of e-business and so on. As a result of the defects of traditional accounting have been unable to meet these changes new management themes have evolved which in turn has resulted in the development of strategic management accounting. Strategic management accounting aims to provide relevant information to an organization’s management to enable them to make strategic plans and strategic decisions. The emphasis is on external information on competitors
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