TERM PAPER STANDARD COSTING MANAGEMENT ACCOUNTING & CONTROL SYSTEM Srinidhi Rangarajan 1PB11MBA34 3rd SEM M.B.A PESIT ABSTRACT In recent years‚ numerous tools such as activity-based costing‚ the balanced score card and target costing have gained prominence in the business community. Nonetheless‚ traditional management accounting continues to be prevalent in practice. One example is standard costing‚ which has been used on a wide front during
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Green Manufacturing: An Inconvenient Reality Are you turning green at the thought of going green? Like it or not more environmental regulations are on the way‚ and manufacturers who don’t jump on the green bandwagon may be left behind. For every unseasonably warm day this year‚ the noose around manufacturers’ necks to produce environmentally friendly products gets tighter and tighter. Need evidence? Consider this: In 2004 the business sector shouldered 65% of environmental regulatory costs‚ with
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4) Creativity‚ wisdom and giftedness are not measured in standard IQ tests. Discuss the numerous ways in which standard IQ tests fall short. The various limitations of standard IQ tests can be assessed with reference to validity (whether the tests actually measure intelligence) and reliability (whether the tests produce consistent results). These shortcomings limit the usefulness of standard IQ tests and can have negative socio-political implications when data is extrapolated without taking these
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total assets. The formula is: Total liabilities Total assets A ratio greater than 1 indicates that a considerable proportion of assets are being funded with debt‚ while a low ratio indicates that the bulk of asset funding is coming from equity. Riordan Industries |
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control objectives‚ relating them to the assertions in management’s financial statements. LO4 Describe general and application control activities found in an accounting information system. 3 Learning Objectives LO5 Document an accounting system to identify key controls and weaknesses in order to assess control risk. LO6 Write key control tests for an audit program. LO7 Outline the auditor’s responsibility when internal control evaluation work detects or indicates a significant control deficiency or
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management refers to the planning‚ direction‚ and control of personal selling including recruiting‚ selecting‚ equipping‚ assigning‚ routing‚ supervising‚ paying and motivating as these tasks apply to the personnel sales force.” Tosdal defines it as “a planned proposition of work of any commercial‚ personal sales unit‚ which includes admission‚ selection‚ training to handle the equipment‚ regulation‚ investigation‚ payment and incentive‚ and this is applied to personal sales. Features of Sales Management
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skill. | | | | | | 07 | Training programmers are effective for individual and organizational development. | | | | | | 08 | The performance ratings were done periodically. | | | | | | 09 | The performance apprisal system helps to identify the strength and weakness of the employee. | | | | | | 10 | Promotion is purely based on performance appraisal. | | | | | | 11 | Management fixes salary through the
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CHAPTER II MANUFACTURING INDUSTRY 2.1 INDUSTRY PROFILE Manufacturing industry refers to those industries which involve in the manufacturing and processing of items and indulge in either creation of new commodities or in value addition. The manufacturing industry accounts for a significant share of the industrial sector in developed countries. The final products can either serve as a finished good for sale to customers or as intermediate goods used in the production process. 2.2
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considered for manufacturing the brush handle and followed by other processes to complete entire the tooth brush First‚ The Materials Are Gathered The handles are made out of plastic and the bristles are made out of natural boar or synthetic fibres such as nylon.. The Handles by Moulding Plastic pellets are placed in a moulding machine‚ which melts the plastic. Rotating screws turn the liquid plastic into the moulds. Small “cores” are inserted into the handles which makes the holes‚ into which the bristles
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Warren Buffett of Berkshire Hathaway is a big investor. This should at least somewhat ease concerns from retail investors about the long-run viability of the company. Wal-Mart has created one of the most efficient distribution networks in retail‚ which helps enable it to be the "low cost leader." Thailand people give more value to western market then their own local market‚ so it will be easy start for western market to introduce in Thailand. b) Weakness Wal-Mart’s online site does not offer the
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