Conceptual Framework Cost Accounting Cost accounting‚ as a tool of management‚ provides management with detailed records of the costs relating to products‚ operations or functions. Cost accounting refers to the process of determining and accumulating the cost of some particular product or activity. It also covers classification‚ analysis and interpretation of costs. The cost so determined and accumulated may be the estimated future costs for planning purposes‚ or actual (historical) costs for evaluating
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UNION BUDGET ANALYSIS . State of the economy before Budget 2014-15 1. Inflation: India’s economy has witnessed low growth and high inflation scenario for 7 out of preceding quarters to March 2014. Non-food and fuel consumer price inflation has remained over 8% for the past two years‚ according to RBI’s assessment. The RBI wants the government to rein
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Union Budget 2013-14 – A Critical Analysis Finance minister‚ P. Chidambaram presented his 8th and India’s 82nd Union budget on 28th February 2013. Key Highlights: * No change in slabs and rate for personal income tax. * Tax credit of Rs 2000 to be provided to every person to having income of up to Rs 5 lakh‚ this will benefit 1.8 crore people. * 5 to 10 per cent surcharge on domestic companies whose taxable income exceeds Rs 10 crore. * Commodities transaction tax levied
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America‚ the media plays a tremendous role in society. We use the media in various ways; we use it to obtain new information‚ stay informed‚ follow trends‚ and monitor power of the government. Underneath the media that we all so love are the “well-informed” Journalist and the journalism they partake in. I put well-informed in quotes because they are well‚ well-informed but simultaneously not well-informed. Journalist are the ones that go on the hunt for the next big story to inform the public about at
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Introduction A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending. It is also an important concept in microeconomics‚ which uses a budget line to illustrate the trade-offs between two or more goods. In other terms‚ a budget is an organizational plan stated in monetary terms. But now-a-days a budget is something more than an estimate of revenue and expenditure. There is no alternative of budget for the implementation of development
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allow us to deliver qualifications and services and develop the accountancy profession internationally. Many of ACCA ’s partners offer discounts on their courses‚ membership fees or tuition materials to ACCA members - check their pages for further information. ACADEMIC PARTNERSHIPS Global MBA with Oxford Brookes University Diploma in Financial Strategy‚ in association with Saïd Business School‚ Oxford University Public Policy and Management offering from SOAS‚ the University of London MSc in Financial
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Capital budgeting is a step by step process that businesses use to determine the merits of an investment project. The decision of whether to accept or deny an investment project as part of a company’s growth initiatives‚ involves determining the investment rate of return that such a project will generate. However‚ what rate of return is deemed acceptable or unacceptable is influenced by other factors that are specific to the company as well as the project. For example‚ a social or charitable project is
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aging population has never been so high as before. As the demographics of the aging populations continues to grow society will be seing thesome growing pains. The cause for the aging population is due to the amount of baby boomer in this generation . The term baby boomers are people who were born from 1947 to 1964. These people were born doing the post-world war II baby boom. The impact of the baby boomers will be mostly felt in healthcare. With the aging population most of the population
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Comparing Cost Control Strategies There are many different cost control strategies that employer-sponsored plans can implement. The first one is that employers can offer a number of products of services to their employees. One service that employer can do is buy options‚ called riders‚ so that they can augment their health plan coverage. These can be used for different coverage’s like dental and vision care. They can also be used for complementary healthcare such as acupuncture‚ massage‚ and some
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Flexible Work Arrangements Denise R. Resendiz Webster University Overview Workplaces that work‚ no author cited‚ discusses the overall benefits of flexible work arrangements to both the employees and the employer. It details how this type of arrangement should be managed in order to achieve the most benefit. Additionally‚ the article outlines how to an organization can implement this program (Workplaces that work‚ nd). The article Flexible Work Arrangements: A Win-Win for
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