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Activity Based Costing
Activity Based Costing
Introduction
Activity Based Costing - ABC main focus is on management of cost i.e. controlling and reducing costs and at the same time producing superior quality product. Activity Based Costing assists managers in highlighting various costs that different areas and resources has been utilizing and highlighting those ...
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ACCOUNTING
Budgetary Control
Table of Content
Budgetary Control and its Salient Features1
Budgetary Control is a Part of Organizational Control2
Planning3
Control3
Co-ordination3
Communication4
Performance Evaluation4
Motivation4
Importance of Budgetary Control in Performance Management4
Fix the Responsibility of Departments5
Performance Objectives5
Determining Weaknesses6
Corrective Actions7
Consciousness7
Performance Management by Incentive Schemes7
Integration and Coordination8
Conclusion9
References10
Budgetary Control
Budgetary Control and its Salient Features
Budgetary control basically refers to the development of budgets, ...
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Accounting - Theory
Developing Concepts of Corporate Governance
[Name of Student]
Developing Concepts of Corporate Governance
Introduction
Corporate governanceis the most important and significant term in the business and financial terms. The concept gains significant importance after the financial turmoil of most recognized and awarded Oil company “Enron” and “WorldCom”, these scams not only make ...
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Fair Market Value
Fair Market Value
Introduction
GAAP are the standards and accounting principles that are used to determine the recording and summarizing accountant information. It provides accountants with a complete framework that should be used while recording accounting and financial information. According to the rules and standards of GAAP an enterprise should ...
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NARRATIVE REPORTING
Narrative Reporting
Narrative Reporting
Introduction
The purpose of this study is to expand the boundaries of our knowledge by exploring some relevant information relating to the analysis of Narrative reporting in financial accounting. Narrative Reporting is a function of preparing the information on the state of business entity to external customers. ...
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The Enron Scandal
The Enron Scandal
Introduction
The Enron scandal is one of the most memorable scandals in American history. It is a symbol of excessive fraud and unethical practices for the world. Enron scandal raised the issue of compliance, risk management and ethics on a larger scale. The auditor, Arthur Anderson was ...
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Allocation of Overheads
Introduction
In every business, allocation of cost is considered as the most difficult task. It is necessary to understand the costs in order to run a successful business. This is due to the fact that proper pricing of products and services with respect to the costs allocated is significant ...
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Statement of Cash Flow
Statement of Cash Flow
Difference between Direct and Indirect Method of Cash Flow
According to Quinn (et al., 2001) the main difference between the two methods is of representation. Among the two methods sections of cash flow from financing and investing activities are the same but the cash flow ...
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Variable costing and Segment Reporting
Statton Furniture Company
Introduction
Variable costing and Segment Reporting is an important element for companies as an enhancement in this part will increase the overall cost and reduce the profit. This paper focuses on the Statton Furniture Company Variable costing and Segment Reporting.
Discussion
As we know that there are ...
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Restatement of Financial Statement
[Name or the Institution]
Restatement of Financial Statement
Introduction
Financial statements highlights the financial performance of the company, it can be defined as a record of financial activities and transactions during a period of time which can be monthly, quarterly, semi-annually or annually. However a firm may have to restate ...
