Abstract Have you ever wondered how not-for-profit organizations are not-for-profit? Or how not-for-profit organizations can operate at an accounting profit but still be considered a not-for-profit organization? Over the year’‚ not-for-profit organizations have had many changes in rules and regulations set forth for not-for-profit organizations to abide by. There are three major financial statements involved with not-for-profit organizations and one voluntary financial statement‚ plus four key governmental
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TOPIC: IDENTIFICATION OF VALUE ADDED AND NON-VALUE ADDED STEPS IN WORK PROCESSES. Introduction: Every business has many processes involved as a part of their operation. Each step or stage involved in these work processes affect the overall working & profitability of the company. value addition done at each of these stages needs to be analysed to better understand the process as well as improving it further. For the purpose of this paper we havve considered one of the overseas operation unit
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A charity for profit entity exists‚ and its role is to serve a charitable mission‚ but they are legally for profit. Profit charities basically focus on revenue and runs like a company. Their aim is generating profit for their company. Because it is a charity for profit‚ they have to pay taxes for the profit they made‚ while a nonprofit charity will not be taxed. Charites for profit can be categorized into two different sections. Firstly‚ the benefit corporation charities. They can maximize their
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CHAPTER ONE PRINCIPLES OF PERSONNEL MANAGEMENT HUMAN RESOURCE DEPARTMENT AND ITS BASIC FUNCTIONS For any organization‚ staff or men power is the most valuable asset.. In the modern age where computers and information technology have brought revolutionary changes in the progress and performance‚ human resource factor’s importance has become imperative. Many years ago large organizations had no separate department for staff matters and Personnel & Admin Department was doing the job. But recently
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Profit and loss accounts‚ balance sheets Profit and loss accounts‚ balance sheets Two of the most important financial statements for a business are the Profit and Loss Account‚ and the Balance Sheet. The Profit and Loss Account shows the profit or loss of a business over a given period of time e.g. 3 months‚ 1 year‚ etc. In contrast‚ the Balance Sheet is like a photograph taken at an instant in time giving a picture of what the business owns and what the business owes at that moment in time
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Name: Thuy Anh Nguyen November 6‚2012 1. Conditions for profit maximization are: a) Difference between total revenue (TR) and total cost (TC) is maximized; b) Marginal revenue (MR) should be equal to marginal cost (MC) Explanations: If we assume that the company is facing a downward – sloping curve and it produces just one single product a) Profit = TR – TC. Profit will increase if TR increases and TC decreases. If company wants profit maximization‚ it should be TR maximization and TC minimization
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Article on Discipline Discipline is not only necessary but also vital for any civilized society‚ as a matter of fact‚ discipline and Nature are synonymous with each other and whenever anything happens‚ which defies or interrupts the usual in Nature‚ it becomes a calamity‚ and similarly life without discipline can become chaotic. The term ‘discipline’ means any training intended to develop moral character or produce a particular pattern of behavior accepted by afferent institutions and society
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Self-Discipline: Success in School Staying focused is always the hardest thing to do when there are so many distractions around: television‚ internet‚ cell phone‚ and food. I’m always curious to see what’s on television‚ or what the big topic on Facebook is. My cell phone is always buzzing from text messages and calls. Food is my biggest distraction; when i’m bored‚ I eat. I get up and check the fridge‚ then the pantry‚ and the fridge again. I always get distracted when I have homework or have
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The topic of our debate was based on discipline. ‘This house believes that standards of discipline within the Uniformed Public Services should be relaxed.’ There were valid points for both sides of the debate. The points mentioned during the debate of motion for agreeing with the statement being made were‚ if they made the decision to relax the discipline standards there would be an increase in applicants wanting to join the services. Members of the public are more likely to join knowing that
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Discuss the 5 disciplines of the “learning organization” and how it would influence change. The first discipline is “Shared vision” a common view of what the goal is‚ Second discipline is “Mental models”‚ the practice of self-awareness and its effect on the organization. Third is “Personal Mastery” being open‚ self-aware and reflective while changes occur. Fourth is “Team Learning” collaboration of ideas and fifth is “System thinking” seeing the organization as a machine and every moving part involved
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