Expenditure Cycle Introduction Definition: recurring set of business activities & related info-processing operations‚ associated with procuring goods & services from suppliers (primary external info exchange) & cash disbursements Objectives: minimise total cost of acquiring/maintaining inventory‚ supplies & services Goals of Expenditure Cycle • Purchase from reliable vendors (service-focused) • Purchase high quality items (quality-focused) • Obtain best possible prices for
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[pic] [pic] Course code: F-201 Course title: Financial accounting -2 Submitted to: Tahmina Akter Lecturer Department of Finance University of Dhaka Submitted by: |Name | |
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Responsible Accounting 1. Identify at least two behavioral that could arise There are two potential behavior advantages if manager accepts and participate in the responsibility accounting system and participatory budgeting system. Responsibility accounting is used to measure the performance of people and department to foster goal congruence whereas‚ participatory budgeting system is a budgeting process under which those people impacted by a budget are actively involved in the budget creation process
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M1- explain the importance of cost‚ revenue and profit for a business organisation 1. Cost Profit is the different between the selling price and the production cost. Product cost include not only the cost of manufacturing a product but also all the other costs incurred in the process of producing or delivering a product or service. 2. Revenue The revenue of a business is‚ the income from its operations. It is important for the business to make the gap between costs and revenue as wide
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Answer to question 1 of unit 1(HRM) Identify and explain five metrics used to evaluate HR performance The reality in our society is that the most commonly measured workforce metrics do very little to help to HR Managers and business leaders achieve real insight into maximizing their human capital investment. To make better business decisions regarding their workforce‚ leaders need to see the connections in their workforce data and examine comprehensive workforce topics. In order to
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Identify and explain three experiences this year that either changed you or helped you grow as a person. The person who changed me this year was my English teacher Mr. Abram because my grammar got better this year . I started to read more this year since I stop reading because reading was not fun no more it got boring. But my english teacher Mr. Abram help me as a student to keep loving reading and writing. For he help me so much in life than any other person. My english teacher’s never really
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All professionals in the corrections and law enforcement agencies have to be mindful and understanding to ethical problems faced in the course of their duties. There are three key social issues that contribute to the needs for criminal justice practitioners; managing change‚ offender population management‚ and probation and parole violations are among these. Law enforcement agencies are constantly taking on new cases and have to act differently in each situation‚ making them change tactics and
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Chapter 14 Auditing the Revenue Cycle |Learning Check | 14-1. a. The revenue cycle includes the activities involved in the exchange of goods and services with customers and the realization of the revenue in cash. b. The classes of transactions in this cycle for a merchandising company are sales‚ sales adjustments‚ and cash receipts. The primary accounts affected by these transactions are sales‚ accounts receivable‚ cost of sales‚ inventory‚ cash‚ sales
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Q1: Identify the key elements in McDonald’s global marketing strategy. In particular‚ how does McDonald’s approach the issue of standardization? Does McDonald’s think global and act local? Does it also think local and act global? The first key elements for McDonald’s is a business model of a restaurant system can set up in everywhere in the world. McDonalds promised customers inexpensive foods regardless of location. They continue to expand and built more outlets around the globe promising customers
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Research Proposal The importance of using the PDCA cycle for quality control of a process Word count: 1215 Dublin 25th August 2014 Introduction Thanks to the growth of the industrial scenario‚ the competition - considering the increase of companies in the same industry‚ demand and improved purchasing power; leaders of industries arose with a new concern to develop new methods to share and rationalize the work in order to get higher productivity without affecting the product quality
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