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    Firm and Its Objectives

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    A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention

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    accounting

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    ledger a.a chronological record of all transactionsb.the balance of each account in the chart of accountsc.budget records for each account in the chart of accountsd.subsidiary details supporting a control account 2. Which steps in the Financial Accounting Process are in the correct sequence based on closing the accounts and determining timing differences prior to issuing financial statements a.record the transaction‚ post to the ledger‚ prepare the adjusted trial balance‚ enter adjusting entries

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    A PROPOSED COMPUTERIZED PAYROLL SYSTEM FOR VESTECH INDUSTRIAL ENTERPRISES SAN ROQUE‚ STO.TOMAS BATANGAS‚ PHILIPPINES A Project Study Presented To the Faculty of AMA Computer Learning Center Lipa‚ Branch In Partial Fulfillment of the Requirements in System Analysis and Design By: Ivilyn D. Ramos March 2014 APPROVAL SHEET This system development study entitled “A Proposed Computerized Payroll System for VEZTECH INDUSTRIAL ENTERPRISES‚ Sto.Tomas ‚ Batangas”‚ prepared and

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    Objectives Of Business

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    What are the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad catego­ries as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business

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    impact on the profession of accounting. With the rapid growth of technology today‚ there is no doubt that computer will become a common asset in all profession. 2. The program also allows the monthly payroll schedule to be calculated accurately. Just by having all employees’ info like name‚ working hours‚ wages etc to enter in the database. Therefore‚ payroll can be done with the guide of the program. The system is good in for its specialty in the fields of accounting. It is easy to use‚ effective

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    services at a low price. The current payroll system being of Citylane Grocery Store‚ Rosario branch is still being manually done. The employees time in and out with the use of Bundy clock and time cards. Then the accounting personnel will manually input the time in/out data of a certain employee to a Microsoft Excel Spreadsheet. In addition‚ viewing‚ adding‚ and editing employee information are also being manually done on MS Excel. Furthermore‚ the payroll computations are also being done by hired

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    Chapter 1 Payroll System

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    excellent service and enthusiastically satisfaction to their clients. * Organizational structure PRESIDENT Provide leadership to position the company at the forefront of the industry. Develop a strategic plan to advance the company’s mission and objectives and to promote revenue‚ profitability‚ and growth as an organization. It oversees company operations to ensure the production efficiency‚ quality‚ service‚ and cost-effective management of resources. FIRM MANAGER Overall responsible for the Firm

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    PAYROLL AND PERSONNEL CYCLE CHART Journals needed for this cycle is the payroll journal and the general journal. In this cycle‚ transactions such as payroll taxes are checked to make sure they are deducted and remitted to the appropriate agency‚ and that payroll is accrued. The payroll and personnel cycle begins with the hiring of personnel and ends with payment to the employees for the services performed and to the government and other institutions for the withheld and accrued payroll taxes and

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    Management by Objectives

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    Management by Objectives What is MBO? Management by Objectives (MBO) is also known or referred to as Management by Results (MBR). Management by Objectives is a process whereby the objectives in an organization are defined in order to help the management of the organization and the employees to agree on the same. The concept and the term was coined and popularized by Peter Drucker in the book‚ The Practice of Management in the year 1954. The essence of management by objectives lies in mutually

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    percentage‚ but for a nation with opportunities in addition to high-standard life – this is a problem. Therefore I am in favour of a reduction of payroll tax for people under 25. Currently 39 % of employers will tend to hire people who are older and experienced than a young person with a required diploma – this is due to the rising payroll tax. By reducing the payroll tax the companies and private businesses will be willing to recruit

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