FEATURE Why Business Analysts Are So Important for IT and CIOs A new Forrester report sheds light on this little known‚ often misunderstood but critical liaison role that can unite the business and IT on enterprise projects‚ systems development and business strategy. By Thomas Wailgum Follow CIO | Apr 16‚ 2008 8:00 AM PT For two decades‚ the CIO has been viewed as the ultimate broker between the business and technology functions. But while that may be an accurate perception in the executive boardroom
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Introduction to Cost and Management Accounting Lecturer: Nadini Persaud Contact Information: Email: nadini.persaud@cavehill.uwi.edu npersaud07@yahoo.com Office Location: Upstairs Main Library Tel: 417-4296 (DOMS General Office) 417-4297 (NP Office) March 2nd 2013 mid-term exam Contents Decision Making 3 Theory of Constraints 4 IMA Guidelines for Ethical Behavior 4 Competence 4 Confidentiality 5 Integrity 5 Credibility 5 Corporate Social Responsibility
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100 Costs term 1. Absorption costing is a costing method that includes all manufacturing costs - direct materials‚ direct labor‚ and both variable and fixed overhead - as part of the cost of a finished unit of product. 2. Administrative costs are all executive‚ organizational‚ and clerical costs associated with the general management of an organization rather than with manufacturing‚ marketing‚ or selling. 3. Allocation base is a measure of activity such as direct labor-hours or machine-hours
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Why Accountability Is Important It is important to note first‚ what accountability is. I will state why it is important as well as go over scenarios in dealing with accountability. Accountability means being liable to being called to account; answerable. A good military definition of the word would be and usually means to be liable for paperwork and or property‚ and personnel; usually of lesser grade and rank. When dealing with army leadership and duties; being a soldier and or a leader means
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Why are ethics important? Recent events in corporate America have demonstrated the destructive effects that occur when the leadership of a company does not behave ethically. One might wonder why highly educated‚ successful‚ and business savvy corporate professionals at Enron‚ Tyco‚ WorldCom‚ and Adelphia got themselves into such a big mess. The answer lies in a profound lack of ethics. Running a business ethically is good for business. However‚ "business ethics" if properly interpreted means
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JUST-IN-TIME‚ AND SIMPLIFIED COSTING METHODS 20-1 Cost of goods sold (in retail organizations) or direct materials costs (in organizations with a manufacturing function) as a percentage of sales frequently exceeds net income as a percentage of sales by many orders of magnitude. In the Kroger grocery store example cited in the text‚ cost of goods sold to sales is 76.8%‚ and net income to sales is 0.1%. Thus‚ a 10% reduction in the ratio of cost of goods sold to sales (76.8 to 69.1% equal to 7.7%)
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Why Do Some Firms Become Global? 1. Introduction More and more companies all over the world have joined the army of firms that are running globally. Reasons of companies becoming increasingly international can vary‚while the ultimate goal of going global turns out to be growth and expansion of the company. No matter whether a firm employs staff from international labour market or looks for exploration of new markets overseas‚ corresponding strategies can contribute a great deal to diversification
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Unlike Eisenhower’s brinksmanship‚ Kennedy’s flexible response took the focus away from nuclear weapons and reemphasized conventional forces as the best tool for undertaking limited and covert operations against the USSR. 2. The Space Race was so important to the US because it showed that the US possessed a better space program compared to that of the USSR and because it showed the relative strength of the US compared to the USSR. 3. In terms of the space race and the Cuban Missile Crisis‚ Kennedy
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most influential Mexican civil rights activists of all time‚ also made it very clear that he supported Kennedy. All of these factors‚ as well as Kennedy’s great speaking ability‚ showed strongly in his primary polls and he won all but one. The most important of these polls was the California primary where he won by five percentage points. All of these factors made it seem like Kennedy had a fair chance at becoming president of the United States. This all came to a crashing halt on the night he won the
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Historical Cost accounting Historical cost accounting has been a controversial method that experienced many criticisms over a period of time‚ especially since it considers the acquisition cost of an asset and does not recognize the current market value. Merits and demerits of this method are as follows. The most obvious advantage of HC accounting is objectivity. It is a predominantly objective system‚ which records the original cost of an item when it was purchased. Under historical cost accounting
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