UNIT 1 ACCOUNTING AND ITS FUNCTIONS Objectives After studying this unit, you should be able to appreciate the: • • • nature and role of accounting; activities of an accountant; and roles of accounting personnel and the accounting function in an organization. Accounting and its Functions Structure 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 Introduction Scope of Accounting Emerging Role of Accounting Accounting as an Information System Role and Activities of an Accountant Accounting Personnel
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Roles of the Management Accountant Today's Management Accountant Skills, Responsibilities and Roles in Today's Global Economy Jennifer Dosch, CMA Metropolitan State University Chapter Goal: To demonstrate the skills necessary for management accountants in today's business environment. To identify and explain the responsibilities and roles for today's management accountant. Learning Objectives Demonstrate the differences between management and financial accounting. Describe
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SERVICES (JWS) is JFC Group of Companies’ partner in delivering SHARED SERVICES for ALL its business lines. FUNCTIONS: Human Resources Staffing Services Training Services Employee Services (Compensation & Benefits Administration) Finance & Accounting Services Our mission is to provide quality business services at a speed and cost better than competition, enabling our business partners to achieve global market leadership. FOCUS: Employing highly efficient PEOPLE, SYSTEMS and PROCESSES
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more formal definition of accounting: Accounting is a set of concepts and techniques that are used to measure and report financial information about an economic unit. The economic unit is generally considered to be a separate enterprise. The information is reported to a variety of different types of interested parties. These include business managers, owners, creditors, governmental units, financial analysts, and even employees. In one way or another, these users of accounting information tend to be
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number of new e-banking services have been developed. Until recent time, most of the pricing decisions for e-bank services were made based on a gut feeling as current financial management information systems didn’t support such analysis. In the article author explores the implementation techniques of Activity Based Costing (ABC) in banking sector on example of an Estonian bank in order to analyze the cost structure for traditional and electronic channel transactions. The article shows how it is possible
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processes. Including all computer aided Theodolites, Photogram Metric Systems, Tracking Lasers, plus all new managed systems of measurement and design, that are current or may emerge will only use the very best parts and design. This includes Support Management and System Design Technologies and Quality Control Safety with up to date Modern specifications. We are the best, we use the best suppliers, with the very best support delivery systems, and stand behind our work, our product, our employees, and
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of integrated and coordinated planning and control 8. Cost based pricing creating havoc in the profits 9. Escalating support costs and huge growth in indirect costs and 10. Lack of motivation , poor performance on the part of senior management and attrition Required: Q-I) Write a report to strategically fix all these problems with clear execution and implementation steps so that the organization is managed effectively and efficiently for excellence and regains profitability and high
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the importance & impact of Information & Knowledge Management systems, with an in-depth focus on relevant organizational issues. ------------------------------------------------- Course: LSBF - Online MBA - Module: Managing Information ------------------------------------------------- Submission Date: 4th Nov 2011 Presented By: Meenakshi Srinivasan (I043470) 1. AN INTRODUCTION TO INFORMATION MANAGEMENT “Information technology and business are becoming inextricably
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Adoption of the Balanced Scorecard: A Contingency Variables Analysis Kevin Hendricks Richard Ivey School of Business University of Western Ontario Larry Menor Richard Ivey School of Business University of Western Ontario and Christine Wiedman* Richard Ivey School of Business University of Western Ontario September 2004 We thank Harpreet Hora for her research assistance. We also acknowledge the Social Sciences and Humanities Research Council for providing funding for this project. * Corresponding
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University of Zimbabwe Faculty of Commerce Department of Accountancy and Business Studies MACC502 INTERNATIONAL MANAGEMENT ACCOUNTING AND CONTROL Name Gweme .J. Netsayi SECTION A Manufacturing Industry With reference to the manufacturing industry critically review the academic literature and identify conflicting perspectives on the following costs and cost behaviours, select an appropriate ;;approach and justify your choice. a) The definition
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