Auditors’ Objectives in Audit of Inventories and Cost of Goods Sold are to: 1. Consider internal control over inventories and cost of goods sold. 2. Determine the existences of inventories and the occurrence of transactions affecting cost of goods sold. 3. Establish the completeness of inventories. 4. Establish that the client has rights to the recorded inventories. 5. Establish the clerical accuracy of records and supporting schedules for inventories and cost of goods sold 6. Determine
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Case – Sales Oranisation ABC & Company started manufacturing Soya Chunks at Bhopal in 1995. They put up a small Extractor Plant comprising of Mixer‚ Blender‚ Extractor‚ Driver at a cost of Rs. 15 Lacs. They were buying Soya powder from Indore. Initially the sales was in bulk. They used to sell in bags of 20 Kgs each only In 1997 Sales was 500 Tonnes amounting to approx Rs. 1 Crore. There were 1 Sales Manager and 2 Sales Executives. Mostly Sales was confirmed through the wholesale Market in
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The relationship between online sales and in-store sales in China STUDENT NAME: Jack (Qiwei Zhang) COURSE NAME: Pre-MBA SUPERVISOR: Glenn.Francis DATE OF SUBMISSION: 09/10/ 2013 1.Introduction As the China’s economy developing very fast‚ the demand market is growing dramaticly. The growth rate of sales online and in-store will grow at the same time. While the sales online tends to be more powerful at this stage‚ it will take enough market shares
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Sales Promotion Sales promotion is any initiative undertaken by an organisation to promote an increase in sales‚ usage or trial of a product or service Sales promotions are varied. Often they are original and creative. Buy-One-Get-One-Free (BOGOF) - which is an example of a self-liquidating promotion. For example if a loaf of bread is priced at $1‚ and cost 10 cents to manufacture‚ if you sell two for $1‚ you are still in profit - especially if there is a corresponding increase in sales.
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Resources are scarce; profit making organization should know how to utilize these resources effectively and efficiently. The inventory control section of a company is responsible for these activities‚ in order to continue the operation of the organization through out the year they have to use the rules and principles to handle different kinds of materials. Since it improves inventory handling activities with in the organization‚ it will help to avoid utilization of resources for un authorized purpose and
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One of the key drivers of current Philips business strategy is fixing sales fundamentals at main outlets of Philips customers (retailers). Sales fundamentals are basic indicators like shelf share‚ display share‚ leaflet share and merchandising vs. Philips market share per key categories. Basically‚ those indicators (sales fundamentals) should be at least or ideally higher than the market share. Let’s take one category as an example – Philips has 60% market share in male grooming category so Philips
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History Car boot/trunk sales or boot/trunk fairs are a mainly British form of market in which private individuals come together to sell household and garden goods. The term refers to the selling of items from a car’s boot or trunk. Although a small proportion of sellers are professional traders selling goods‚ or indeed browsing for items to sell‚ the goods on sale are often used but no longer wanted personal possessions. Car boot sales are a way of focusing a large group of people in one place
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University of Gujrat Faculty of Computer Science & Information Technology MSc Final Project Proposal Computer Science & Information Technology Version 1.0 Master’s Project Proposal Web Based Point of Sale System Project Advisor: Sir Iqbal Khan Submitted to the Faculty of Computer Science & Information Technology University Of Gujrat in Partial Fulfillment of the Requirements for the Degree of Master of Science Submitted By
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|Case Study: Data for Sale | |Management Information System | | | |
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1: Introduction Background of the study Inventory system is critical to gathering and applying information effectively in today’s competitive markets. Automation of one’s inventory system puts you a step ahead in the game. It helps you conduct business transactions with ease as you only have to press a few keys. It liberates you from countless paper works as computation of the day’s sale and keeping track of inventory are done automatically. Statement of Objectives The objective of this system
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