Objectives: ← To understand the meaning of standard costing‚ its meaning and definition ← To learn its advantages and limitations ← To learn how to set of standards and determinations ← To learn how to revise standards Introduction: Standard costing is a very practical and therefore widely used costing system‚ in businesses that make a range of products which‚ although different‚ pass through standard and repetitive processes and machinery. Standard cost is the estimated cost of material
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appraisal of stakeholder analysis: Defining the stakeholder: The development sector is awash with participatory methodology‚ in part as a result of and a continued commitment to the Paris Declaration‚ but equally as a means to lend credence and legitimacy to development activities and interventions. One such methodology is the stakeholder analysis which is‚ agreeably‚ rather a nice tool and very much in keeping with current development themes of local empowerment and participation. From big international
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among countries is tighter and tighter. The existence of different local accounting standards becomes an obstacle in international financial area. Incompatible financial data‚ unacceptable game rules to regulate the behavior of multinational companies and indefinite financial performance in the eye of international investors are strong evidences. As a result of these problems‚ harmonization of the international accounting standards will not be a dream any more. In 1973‚ Canada‚ Japan‚ Australia‚ France
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Administration and Stakeholders factor Administration and Stakeholders factor A current study shown by the Health Resources and Services Administration (2004) confirmed that a variety of factors affect the demand and supply of direct-care in health care. These factors can be divided into two groups: policy controllers which they have important impact and exogenous factors‚ which policy makers have little or no control. Policy controls are recognized as; employee’s pay‚ behavior of employees‚ unionization
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Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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corporate governance which provide reliable and accurate information to the stakeholders such as investors‚ employees‚ government‚ voluntary sector and market regulators‚ regarding the efficiency and effectiveness of organization’s policies‚ strategies and operations and compliance with the statutory obligations will be provided by the management. Due to the risk of uncertainties in the environments‚ stakeholders demand more from financial information to non-financial information. Not only the numerical
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General English standard of students Question 1: How bad is the situation? 1. HKEAA recently completed the first administration of the TSA of Primary 3 students to assess their performance against professionally defined competences in Chinese‚ English and Mathematics. Surprisingly‚ there are 25% of students who fail in English. 2. In the 2009 HKCEE and HKALE English examinations‚ there are some unacceptable mistakes such as some students spelled banana wrongly to ‘’banna’’ and ‘’bananna’’
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correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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CRITICISM OF “MIGHT IS RIGHT” BY RAGNAR REDBEARD BY OKOYE FRANKLIN NNAEMEKA PJPS/NAU/010/48 08066129459 NNAMDI AZIKIWE UNIVERSITY‚ AWKA. JUNE 2013 1 TABLE OF CONTENTS TITLE PAGE ---------------------------------------------------------------i CERTIFICATION ----------------------------------------------------------ii APPROVAL -----------------------------------------------------------------iii DEDICATION --------------------------------------------------------------iv ACKNOWLEDGEMENT ------------------------------------------------v
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ENGLISH A1 – STANDARD LEVEL – PAPER 1 ANGLAIS A1 – NIVEAU MOYEN – ÉPREUVE 1 INGLÉS A1 – NIVEL MEDIO – PRUEBA 1 Tuesday 4 May 2010 (morning) Mardi 4 mai 2010 (matin) Martes 4 de mayo de 2010 (mañana) 1 hour 30 minutes / 1 heure 30 minutes / 1 hora 30 minutos INSTRUCTIONS TO CANDIDATES not open this examination paper until instructed to do so. Do Write a commentary on one passage only. It is not compulsory for you to respond directly to the guiding questions provided. However‚ you may use them if
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