report “Management of Bank Al-Falah” is about the all views of its management‚ including the current & past over all progress & process of Planning‚ Organizing‚ Leading and Controlling. The process which is being followed & running presently‚ of Planning‚ Organizing‚ Leading‚ Controlling and Position of whole Organization in our Nation are also being discussed in detail in this report. ACKNOWLEDGMENT During the completion of the project report “Management of Bank Al-Falah”‚ We have
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Absorption Costing Absorption costing is a method of costing that assigns a small percentage of production and overheads costs to the price of each product that is going to be sold. It accounts for all costs‚ direct and indirect‚ fixed and variable. For example; if 1000 products are made and the total costs are £10000 then each product would cost £10 before making a profit (10000/1000=10). Variable costs are costs that can be controlled by management or a sales worker. Whereas fixed costs are
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idea on the bank and banking procedure. Apart from that‚ managing and developing the right kind of workforce is very important in a financial organization like bank. A poorly functioning bank can mean disaster to a countries society‚ business environment and economy. A crucial part of that is selecting the right kind of people to work and also train and develop them so that the bank can function well in the long run. 1.2: Background of National Bank Limited (NBL) National Bank Limited has its
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Process costing Process costing is a system which mostly practices by a company whereby the manager of the company wants to know the cash flow from one department to another. Process costing give a clarify information to managers‚ therefore this activities is very important. Process costing is consisting of three ingredients which are direct materials‚ direct labor and manufacturing overhead. Direct material is the raw material which needs to produce a product‚ for example rubber for shoes‚
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I. Discuss Process Costing‚ clearly bringing out its advantages and disadvantages. DEFINITION Costs are accumulated in costing systems. According to Glautier and Underdown (2001)‚ the development of costing systems reflects the manner in which accounting methods have been adapted to the needs of different forms of activity and technology‚ and also to the appearance of advanced manufacturing techniques that have been a feature of recent years. Cost accounting systems allow full product costs to
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Activity-Based Costing in Banking Jessica Phinney ACC522: Budgeting and Cost Accounting Professor Guenther April 15‚ 2013 Activity-based costing (“ABC”) is considered one of the best and most popular tools for allocating costs by identifying individual activities as cost objects. Originally‚ activity-based costing was mainly used in manufacturing industries but‚ due to its preciseness‚ this system has recently grown popular in the service industries as well‚ including banking
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Co-operative Solar Energy to Reduce Carbon Emission and Enlighten the Tribal people in Bangladesh Thesis By: Imtiaz Mahmud A.H.M. Tasbir Farid Anjoy Kumar Agarwal Co-supervised By: Md. Mehedi Islam Assistant Professor Dept. of TEE HSTU Co-supervised By: Md. Mehedi Islam Assistant Professor Dept. of TEE HSTU Supervised By: Md. Sazzadur Rahman Assistant Professor Dept. of TEE HSTU Supervised By: Md. Sazzadur Rahman Assistant Professor Dept. of TEE HSTU Introduction
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Normal costing is used to value manufactured products with the actual materials costs‚ the actual direct labor costs‚ and manufacturing overhead based on a predetermined manufacturing overhead rate. These three costs are referred to as product costs and are used for the cost of goods sold and for inventory valuation. Standard costing values its manufactured products with a predetermined materials cost‚ a predetermined direct labor cost‚ and a predetermined manufacturing overhead cost. These standard
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they do not make a difference between those costs that are fixed‚ and those that are variable. As a result‚ management became obligated to rely on the alternative variable costing method which provides better information for managerial accounting purposes. Although it is not allowed for external reporting‚ the variable costing method is preferred by managers because it generates great tools for internal decision making purposes CITATION Nat76 \l 1033 (Accountants‚ 1976). Introduction Accounting
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Target Costing on Mercedez – Benz Mercedes-Benz (MB) is one of the world ’s most successful car manufacturers since its establishment in 1886. They used target costing in the design and production of one of its products‚ the M-Class‚ which is a new sports utility vehicle model‚ in response to their first time suffering loss in 1993 because of cost inefficiency and problems with material purchasing and adapting to market changes. MB started developing a range of new products such as the C-Class
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