OF COST ACCOUNTING INTRODUCTION The Meaning of Cost Cost is a measure of the sacrifice or forgoing of a scarce resource to achieve a specific objective. An organization sacrifices scarce resources‚ i.e. the purchase cost‚ in order to obtain other resources. A cost is usually measured in terms of money paid to acquire goods or services. One can observe that the term cost is rarely used without an adjective in front of it. The term ‘Cost’ has multiple meanings and different types of costs are
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done this assignment. The purpose of this assignment is to gather practical experience. By this assignment one can know about the costing system of a company. How a company manages their cost‚ whether they follow the accounting system or not- to know this‚ is the prime objective of this assignment. By gathering the cost information of a company one can analyze it and also can give suggestions to improve their costing system for more profit. Figure: Objectives of the assignment
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job costing Definition (according to business dictionary) An order-specific costing technique‚ used in situations where each job is different and is performed to the customer’s specifications. Job costing involves keeping an account of direct and indirect costs. Since both types of costs are usually closely related (a job requiring high input of labor and material is likely to consume more power‚ machine time‚ supervision time‚ inspection time‚ etc.) indirect costs may be applied as an estimated
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within three criteria. Within the Board meeting Bank CEO accept this rewarding system. Within this case study we have to find; 1. Outlining of Merits and Limitation of Crop Bank’s propose rewarding system for the manager and staff 2. Develop an alternative reward system for Crop Bank’s employees and explain why it is superior to the proposed reward system 1. Outline the merits and limitations of Crop Bank’s proposed reward system for the managers and staff. Job Evaluation
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Daryl Cagle: High School Standardized Testing What exactly does high school prepare students for? Daryl Cagle’s cartoon “High School Prepares for Jobs”‚ depicts a job interviewer asking a recently graduated high school student‚ “So‚ how has high school prepared you for this job?”. Cagle wants readers to ponder if high school students are actually prepared to take on the responsibilities of a job straight out of high school. The student’s response is that he could only think of the answer choices
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| |Job Title: CHIEF EXECUTIVE OFFICER | |Reports to: |Chairman / Managing Director |Date: |August 2013 | |Job Description: 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
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PERSONNEL ASSESSMENT SPECIALIST JOB ANALYSIS: INTERPRETATION AND USE REPORT Prepared by the IPMAAC Ad Hoc Committee on Use of the Personnel Assessment Specialist Job Analysis: Donna L. Denning‚ Ph.D.‚ Chair Nancy E. Abra ms‚ Ph.D. Marianne Bays‚ Ph.D. International Personnel Management Association Assessment Council 1995 TABLE OF CONTENTS Personnel Assessment Specialist Job Analysis: Interpretation and Use Report Abstract 2 Introduction and Background Task Analysis Task Inventory Development
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Job Rotation System Report to XYZ Co. Prepared by Dan MacLeod and Eric Kennedy 1993 Introduction There are many reasons for implementing a job rotation system including the potential for increased product quality‚ employee satisfaction and lower cumulative trauma disorder rates. However‚ the difficulties of changing the organizational structure of an entire facility can prove difficult. It is important that the program start slowly at first so that the program can
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PRINCIPLES OF MANAGEMENT BC02 - 1 LEVEL 1 September 2012 – January 2013 Topic 3 The Manager’s Job Learning Objectives After studying this topic‚ the students should be able to: * Describe the major jobs and responsibilities of four levels of managers. * Explain the resources used by managers. * Define the roles that managers perform in the organization. * Identify the basic management skills and understand how they can be developed. -------------------------------------------------
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Introduction 3 2. JOB ANALYSIS 4 2.1 Concept of Job analysis 4 2.2 Components of Job analysis 4 2.3 Process of Job analysis 4 2.4 Methods of Job analysis 6 2.5 Benefits of Job analysis 6 3. JOB DESCRIPTION 7 3.1 Concept of Job description 7 3.2 Components of job 7 3.3 Purpose of Job description 8 3.4 Criticism of Job description 8 4. JOB SPECIFICATION 9 4.1 Advantages of job specification 9 4.2 Problems of Job specification 9 5. JOB DESIGN 10 6. JOB ANALYSIS INTERVIEW
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