Cost Accounting Fundamentals Introduction to Cost Accounting Cost accounting is an internal reporting system for an organisation’s own management for decision making. It is the process of accounting for costs. It includes the accounting procedures relating to recording of all incomes and expenditures and the preparation of periodical statements and reports with the object of ascertaining and controlling costs. It is thus the formal mechanism by means of which cost of products or services are
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PRINCIPLES OF LEARNING 1. The main points are : Kolb proposed the process of experiential learning composed on by ‘four adaptive learning modes’ which are : * Reflective observation * Abstract conceptualization * Concrete experience * Active experimentation As per Kolb learning is defined as “the process whereby knowledge is created through transformation of experience”. This implies that the educators should use the learner’s personal beliefs and theories in a learning situation
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Title: Describe how you would apply the principles of normalisation for people with Intellectual Disability Introduction: The Collins English Dictionary gives the definition of normalisation as a ‘policy of offering mentally or physically handicapped people patterns‚ conditions and experiences of everyday life as close as possible to those of non-handicapped people by not segregating them physically‚ socially and administratively from the rest of society’ http://www.collinsdictionary.com
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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THE PARETO PRINCIPLE: ITS USE AND ABUSE Robert Sanders Vilfredo Pareto was a late nineteenth-century economist/sociologist who first noted and re- ported his observation that about 80 percent of wealth was concentrated in about 20 percent of a population. This is the basis for what we now call the Pareto Principle. J. M. Juran‚ one of the foremost practitioners of statistical quality control‚ claims credit for giving the Pareto principle its name. Juran’s Pareto Principle is sometimes known as
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Equal opportunities for women: Is it a myth or a reality in India? Global Position - GII India is ranked 129 out of 187 countries GII - captures the loss in achievement due to gender disparities in the areas of reproductive health‚ empowerment‚ and labour force participation‚ with 0 (perfect equality) to 1 (total inequality). India’s GII – 0.617 Global average of 0.492. Even Pakistan (115)‚ Bangladesh (112)‚ and Sri Lanka (74)‚ have performed better in terms of this indicator
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"Internships: An Opportunity of a Lifetime" Internships are very important to a college student preparing for the world of work. It should be seen as an integral part of a student’s academic career. To get relevant experience‚ students should intern with employers who are doing the kind of work they are interested in pursuing after college. Internships are so important because they test one’s skills and interests‚ provide insight into prerequisites needed for employment‚ and develops a network
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Principles Of Marketing Gregory Williams Principles Of Marketing BUS 330 Kristin Brocklesby 28 Sep 2009 The subject of my final paper is Principles of Marketing. I will cover the following topics: Definition of Marketing; The Marketing Process; An Understanding of the Marketplace; Marketing Strategies; and Marketing Ethics and Social Responsibilities. Marketing defined is the process by which companies create value for customers and build upon that value by forging strong relationships with
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Opportunity Assessment Paper Aramintha Meyer MKT/552 Technology Application and e-Marketing June 3‚ 2013 Opportunity Assessment Maintaining a competitive advantage is a goal for every company no matter what market they exist in. In order to remain profitable and a company must understand how to properly brand their business. It is also inherit that an opportunity analysis aligns with the overall goal of the company‚ because a company will be able to effectively identify and assess the attractiveness
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Assignment 6: Ideas and Opportunities (20.0 points) In Section 6‚ you learned about recognizing business opportunities and finding business ideas. Now you’ll start developing an idea for your own company. 1. Describe 3 trends that you’ve noticed‚ and explain how each one might generate a small business opportunity. (3-6 sentences. 3.0 points)Figure out who the potential customers for your business are‚ and then talk to them. Find out if they would be interested in buying your product and service
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