Product Costing Module in ERP for L&T Kansbahal Works‚ Kansbhal‚ Orissa : A Case Study 1 Seema G. Bhol‚ 2Arun Mishra & 3Srikanta Patnaik Sambalpur University‚ Burla‚ Orissa‚ India‚ 2Head (IT Services)‚ L&T‚ Kansbhal‚ Orissa‚ India‚ 3 Department of Computer Science ITER ‚ SOA University ‚ Bhubaneswar‚ Orissa‚ India E-mail : guptaseema@hotmail.com‚ arun-kbl@kbl.ltindia.com‚ patnaik_srikanta@yahoo.co.in 1 Abstract - One need to be very accurate in what the products and services are costing. Inaccurate
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2010 PURPOSE AACE International’s Total Cost Management (TCM) Framework identifies a basis of estimate (BOE) document as a required component of a cost estimate. As a Recommended Practice (RP) of AACE International‚ the template outlined in the following sections provides guidelines for the structure and content of a cost basis of estimate. In the TCM Framework‚ the BOE is characterized as the one deliverable that defines the scope of the project‚ and ultimately becomes the basis for change management
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full disclosure and it is compatible with transparency. Introduction An analysis of the development of accounting standards reveals an interesting phenomenon. Along with new financial reporting innovations in sporadic areas‚ there is a steady process of change of a basic accounting paradigm. The old historical cost accounting (HCA) is being replaced by the new fair value accounting (FVA) paradigm. These changes reflect the needs of users of financial accounting and the efforts of accounting standards
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STANDARD COSTING (VARIANCES) 1.1 Material costs variance = (Standard quantity x Standard Price) – (Actual quantity x Actual price) MCV = (SQ × SP) – (AQ × AP) 1.2 Material price variance = Actual quantity × (Standard price – Actual price) MPV = AQ × (SP – AP) 1.3 Material usage variance = Standard price (Standard quantity – Actual quantity) MUV = SP × (SQ –AQ) 1.4 Material cost variance = Material usage variance + Material price variance MCV = MUV + MPV 1. Material Variance Material usage
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Activity based costing in manufacturing: two case studies on implementation The Authors Amrik S. Sohal‚ Department of Management‚ Monash University‚ Australia Walter W.C. Chung‚ Department of Manufacturing Engineering‚ Hong Kong Polytechnic University‚ Hong Kong Acknowledgements The authors are grateful to the Financial Controller at MelCo and to Mr Richard Siu‚ now Deputy General Manager of Ciba Specialty Chemicals (China) Ltd. They are also thankful to the Hong Kong Government Industry
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Developmentally Appropriate Practices The National Association for the Education of Young Children (NAEYC) is a society that strives to serve all young children from birth to the age of 8. They encourage high quality learning based on early childhood practice‚ policy‚ and research. NAEYC developed the Developmentally Appropriate Practice (DAP) to promote young children’s optimal learning and development. DAP incorporates teachers to recognise a child’s individual learning capacity and capabilities
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department knows an error occurs the bottle is labeled as an error and that it was not dispensed (Griffth‚ 2016). If medication has been dispensed and the pharmacy is notified the medication is confiscated and a medication error report is completed. Each and every error is reported to the pharmacy and therapeutics department within the Bureau of prisons. This committee meets quarterly to discuss the errors and performs quality assurance. During this meeting corrective action plans are discussed and
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1) Developmentally appropriate practice‚ often shortened to DAP‚ is an approach to teaching grounded in the research on how young children develop and learn and in what is known about effective early education. Its framework is designed to promote young children’s optimal learning and development.DAP involves teachers meeting young children where they are (by stage of development)‚ both as individuals and as part of a group; and helping each child meet challenging and achievable learning goals.
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State University and South Carolina University. I am grateful to the financial support from Bryan Church. On my personal note‚ I again thank Bryan Church who has been so much more than an advisor as a true model of intellectual excellence. I also would like to thank my parents‚ Feng Yu and Wengu Zheng‚ for their constant support. iii TABLE OF CONTENTS Page Acknowledgements iii List of Tables viii List of Figures x Summary xi Chapter I Auditor Industry Specialization
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Describe two models for change. Include appropriate examples in your answer. The two models for to be considered and discussed in this section are the Business Process Re-engineering and Kaizen models. Business Process Re-engineering Definition The world today is ever changing‚ moving from one phase to the other and the only thing that does not change is ‘change’ itself. As the modern business environment is propelled by the three Cs namely Customer‚ Competition and Change‚ organisations are
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