Basic definations i. A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. 1. The act of preparing a budget is called budgeting. 2. The use of budgets to control an organization’s activities is known as budgetary control. Difference between planning and control i. Planning involves developing objectives and preparing various budgets to achieve those objectives. ii. Control involves the steps taken by management
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Non-Banking Financial companies Introduction: A non-banking finance company may be defined as an institution which mobilizes the savings of the community and diverts them for financing different activities. A bank also performs similar type of activities. Then what is the differesnce between bank and non-banking finance company? The difference can be seen from two points of views. Firstly‚ from the legal point of view‚ bank may be defined as an institution which is governed by the Banking
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“The Promise”‚ the main idea that I believe Mills wanted to address is that we should all use our sociological imaginations to see problems that we are facing as individuals which can be connected to the social/economic problems within the entire society. “Sociological imagination enables us to grasp history and biography and the relations between the two within society” (Mills 1959‚ 3). What this basically means is that people look at their own personal problems as social issues and try to connect
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Chapter 7 Operating budgets: bridging planning and control solutions Review Questions 1. A plan for using limited resources. 2. Firms budget for (1) planning‚ (2) coordination‚ and (3) control (performance evaluation and feedback). 3. Operating budgets reflect the collective expression of numerous short-term decisions that conform to the direction set by long-term plans. Financial budgets quantify the outcomes of operating budgets in summary financial statements.
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WEEK 3 WORKSHOP TASKS (for submission at start of Week 3 workshop) Review Question 4 (page 628 of text) When reviewing the financial statements and supporting notes of a reporting entity‚ is it possible to establish all the individual types of income or expenses that the entity has incurred or received? If not‚ how does management determine which income and expenses should be disclosed? NZ IAS 1 paragraph 88 requires entities to recognize all items of income and expense occurred in the trading
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Being pregnant doesn’t mean you are sick ! I am a pretty serious runner and I am pregnant so I can talk on this topic with some experience. First at all‚ being pregnant doesn’t mean you are sick! If you were exercising before‚ keep it up and if you were not‚ it is a good reason to start…as usual‚ all in moderation! As per the article….‚ here are some of the advantages of exercising while pregnant: - keeping active is an energy and mood booster. It keeps you sane during pregnancy - it helps
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Informative Speech 1 Outline Topic: Benefits of Exercising Purpose: To inform my audience on the benefits of exercising. Thesis Statement: Being healthy isn’t hard work; all it takes is a little bit of motivation and dedication to exercising to change your life. I. Introduction A. Good evening‚ I’m here today to talk to you about the benefits of exercising. B. Did you know that people who exercise just 15 minutes a day have 14% lower mortality risk. C. Being healthy isn’t hard work; all it
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Introduction A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending. It is also an important concept in microeconomics‚ which uses a budget line to illustrate the trade-offs between two or more goods. In other terms‚ a budget is an organizational plan stated in monetary terms. But now-a-days a budget is something more than an estimate of revenue and expenditure. There is no alternative of budget for the implementation of development
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TABLE OF CONTENTS 1.0 INTRODUCTION 2 2.0 Role of internal control 2 2.1 Management: 2 2.2 Board of Directors: 3 2.3 Auditors: 3 2.4 Staff and junior managers 4 3.0 NEW RULES OF INTERNAL CONTROL 4 4.0 THE GOOD AND THE BAD 10 5.0 RECOMMENDATIONS 12 6.0 REFERENCES 14 1.0 INTRODUCTION Internal control is defined as a process affected by an organization ’s structure‚ work and authority flows‚ people and management information systems‚ designed to help the organization
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How is breathing while exercising significance? Informative Speech Outline General Purpose: To inform about breathing while exercising. Specific Purpose: To enlighten the audience with importance of breathing while exercising; additionally‚ I hope to educate the audience with the proper way to breathe when exercising Central Idea: Breathing provides one to receive the maximum result from an exercise and prevents injuries. INTRODUCTION Attention-getter: Do you hold your breath while you’re breathing
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