registered charities are run by board of directors that are voted in by members of an organization. These organizations are not owner operated. The board of directors for NFP’s and registered charities usually consists of individuals who are leaders or experienced professionals in their respective communities (Carters‚ 2011). No individual has the right to any residual earnings or share capital in these organizations. This report will discuss the roles of directors and how they must perform these
Premium Non-profit organization Charitable organization Trust law
...........................................................6 Value added statement..............................................................7 POFTI NIGERIA LIMITED CORPORATE INFORMATION FOR THE YEAR ENDED 31ST DECEMBER‚ 2008 1. BOARD OF DIRECTORS Mrs Olabisi Mr Damilare 2. REGISTERED OFFICE Plot 5&6‚ Remi Shofoluwe Road‚ Mile 12 Lagos 3. CORPORATE REFERENCE Registration number: GE 34859 4. BANKERS Zenith Bank plc‚ Lagos Diamond Bank plc‚ Lagos Oceanic
Premium Balance sheet Generally Accepted Accounting Principles Asset
Time Driven ABC costing is more superior to the traditional method in many different ways. Overall there are many negatives to the traditional system including its higher cost‚ low accuracy and is an extremely complicated system. The time driven ABC costing has many benefits including its lower cost‚ ease of implementation‚ higher accuracy and the larger scope of its models. Traditional ABC costing has been used for a very long time but with the introduction of modern computers it allows for Time
Premium Cost Costs
The ABC Analysis What is it? ABC analysis‚ Pareto’s law or “80/20 rule” are all-synonymous of the same tool which basically states that 20% of a given population represents 80% of a specific characteristic. In purchasing‚ the basic ABC analysis is used to identify which segments represent most of the spend in a given category or portfolio. Most of the time‚ few segments in a portfolio constitute the largest part of the total spend. Usually‚ - The A segments represent approximately 80% of the total
Premium Management Strategic management Sociology
REPORT OPERATIONS MANAGEMENT KITCHEN MADE PIES I. PROBLEM STATEMENT • How will the company cope up with the stagnant sales of Kitchen Made Pies? • How will the company reduce the production cost of Kitchen Made Pies and still maintain the quality of its products? • Does purchasing new equipment really necessary for the operation and how will it be financed? Does borrowings in the bank beneficial for the company? • Should Kitchen Made Pies limit the numbers of
Premium Debt Accounts receivable Loan
Response Paper Q: Does the Board of Directors have responsibility to encourage socially responsible behavior? Why or why not? I do think that‚ for modern corporations‚ the Board of Directors have responsibilities to encourage socially responsible behavior. As we learned from the class lectures and Julia’s talk on last class‚ the Board of Directors is primarily loyal to shareholders and has the fiduciary duties of taking care of shareholder wealth. So the rising question now is: “Is Corporation
Premium Stock Fiduciary Corporation
RESOLUTIONS‚ MEETINGS & MINUTES UNDER THE COMPANIES ACT 1956 A Presentation by KAUSHIK M JHAVERI PRACTISING COMPANY SECRETARY E-Mail : kmjandco@gmail.com CS KAUSHIK M JHAVERI 1 RESOLUTIONS RESOLUTIONS : are records of formal decisions of Directors or Shareholders and are prefixed by the word “ RESOLVED”. q Resolutions are of 2 types: • Ordinary Resolution • Special Resolution CS KAUSHIK M JHAVERI 2 ORDINARY RESOLUTIONS Section189 (1) of Companies Act‚1956 ØA resolution shall be an
Premium Board of directors Corporate governance
Executive Summary ABC FURNITURE MFR will be incorporated in the state of Industry Market‚ and will consist of two stockholders: Torcatoru Iulia and Zapartan Andra. The operational facilities will be located separately from the administration offices. Start-up costs have been projected with the bulk being provided by Mr. John Houseman‚ former owner of Kustom Kabinets. He has agreed to hold the equipment cost as a private note. ABC FURNITURE MFR is a manufacturer of office furniture‚ with
Premium Marketing
ABC Company Randall K. Howell ACC 206: Principles of Accounting II Don Fey March 4‚ 2013 The ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles‚ introducing the new project to build cedar dollhouses by shingle scrap materials for reaching $3 million annual sales within the next 3 years. Explain the overall risk profile of the ABC Company based on current economic and industry issues. In order to help out the CEO I prepare reports that will
Premium Manufacturing Management accounting Industry
Rough draft “Turkeys in the Kitchen” by Dave Barry is a very well thought essay that addresses stereotypes and the past of american stereotypes. Barry explains these thoughts with humor and sarcasm but also throwing in facts. He writes about his own thoughts on stereotypes and he explains a little bit about how his thanksgivings go while talking about common stereotypes. The stereotypes discussed in the essay‚ and this essay‚ are about how women and men act in the kitchen. I agree with the stereotype
Premium Family Gender Woman