IC Inventory System IC Inventory System is an on-line system made for Usep-Institute of Computing to process of listing supplies and materials with description‚ quantity and value of each. History The Institute of Computing is committed towards the growth of Southern Philippines by developing Information Technology professionals‚ entrepreneurs‚ managers and new technologies. During its initial implementation last June 26‚ 1997‚ the Institute came-up with a plan to prepare the University as
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STORES AND INVENTORY MANAGEMENT This first chapter provides a detailed background for the Inventory and Stores Management course. It introduces students to the basic concepts used in the area of inventory and stores management‚ and therefore‚ provides a foundation for the rest of the issues dealt with in the subsequent chapters. Study objectives; By the end of this first chapter‚ students should be able to; * Define the basic concepts used in Inventory and Stores Management. * Explain the
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PA-5B A 25th Century Electronic Center began December with 94 units of inventory that cost $72 each. During December‚ the store made the following purchases: 12/3: 20 @ 77 12/12: 52 @ 79 12/18: 79 @ 82 25th Century uses the periodic inventory system‚ and the physical count at December 31 indicates that 112 units of inventory are on hand. Requirements: 1. Determine the ending inventory and cost-of-goods-sold amounts for the December financial statements under the average cost‚ FIFO‚ and LIFO
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overstated by $50‚000 the amount of inventory on hand at the end of the year. Will net income for the year be overstated or understated? Identify the two accounts on the year-end balance sheet that will be in error and indicate whether they will be understated or overstated. Error: The ending inventory is overstated by $50‚000. Effect on net income: When the ending inventory is overstated‚ then‚ the cost of goods sold expense will be understated as the ending inventory is deducted from the goods available
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about departments‚ customers‚ product‚ and customers. 7. FINANCIAL ACCOUNTING must follow GAAP whereas MANAGERIAL ACCOUNTING need not follow GAAP. 8. The accounting and other reports that help managers monitor performance and focus on problems and/or opportunities are a form of FEEDBACK. 9. The manager in charge of the accounting department is usually known as the CONTROLLER. 10. A detailed report to management comparing budgeted data with actual data for a specific time
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Vendor Managed Inventory Modul : Supply Chain Management (FEG 2323) Tahun : 2011 ~ 2012 Content Parts Page 1. Introduction 4 2. Defination 4 3. Goal 5 4. Objective 5 5. Benefit 6 6. Disadvantage 7 7. Characteristic 7 8. Method 8 7. Summary 9 8. Conclusion 9 9. Reference 11 10.
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Having Our Say “The truth is you’re born a certain way and there’s some things you can change and some things you can’t” One of the many smart truthful things that Elizabeth Delany (Bessie) said. As Bessie and Sarah Delany (Sadie) grow up‚ the book Having our Say by Amy Hill Hearth and the two sisters follows every bit of the sisters lives through their own eyes just as they remembered it. As the two “colored” women are born and raised in the south they are raised on the campus of Saint Augustine’s
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analysis is a business term used to define an inventory categorization technique often used in materials management. It is also known as Selective Inventory Control. The ABC classification process is an analysis of a range of objects‚ such as finished products‚ items lying in inventory or customers into three categories. It’s a system of categorization‚ with similarities to Pareto analysis. Popularly known as the "80/20" rule‚ ABC concept is applied to inventory management as a rule-of-thumb. It says
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References: Human Synergistics‚ Inc. (2010). Life Styles Inventory. Retrieved September 11‚ 2010‚ from http://www.survey-server2.com/lsiuniversity-sso/part_menu.asp
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MEMORANDUM To: From: Date: [ 12/3/2012 ] Subject: Progress Report on Inventory Management Solutions The purpose of this memorandum is to report the progress in my research of possible inventory management systems to implement into a manufacturing facility. As I proposed‚ I have been gathering information by reviewing technical literature on inventory management solutions and software used in similar manufacturing facilities. My objectives were to define which supply and planning software
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