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What is the relationship between Sales and Marketing Financial or Accounting Human Resources Operations or Production in a typical business organization?
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What is difference between advanced accounting and cost accounting?
ADVANCED ACCOUNTING covers accounting operations, patterns, merger of public holding companies, foreign currency operations, changing financial statement ...Cost accounting:A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance.
What is the difference between cost accounting and advance accounting?
ADVANCED ACCOUNTING covers accounting operations, patterns, merger of public holding companies, foreign currency operations, changing financial statement ... Cost accounting: A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance Type your answer here...
Role of an accountant in an organization?
Accountants have many roles in an organization. A management accounting will create and understand production reports and make timely and valuable decisions to increase the company profits.
Role of cost accounting in decision making?
Cost Accounting should be the absolute role of the business. Below I have given you a high level overview of a cost control project.Process map the business operations of the company, including all products manufactured.Identify the capabilities of the present costing system and other cost history recording activitiesProcess map departmental production operations and establish the time required for each operation during the production of each product.Prepare a master bill of material specification sheet for each product.Prepare a departmental material specification sheet showing the quantity, name and description of the materials that go into departmental operations.Prepare a departmental operations sheet showing the production operations of each department.Establish a direct labor burden factor to be applied to production labor rates.Establish overhead absorption factors to be applied to appropriate cost items.
What is cost accounting system?
Accounting in a manufacturing environment involving tracking, measuring, and recording costs from production and distribution.
Explain issues affecting production and operations functional areas?
issues affecting the production and operations functionsal area of an organization
Departments of a typical business?
Sales and Marketing Financial or Accounting Research and Development Human Resources Operations or Production
Why does the domain of production and operations management include to some extent all organization?
It is because production and operations management is interrelated to other functional areas of business such as the finance, the logistics, marketing, etc.
What is difference between advanced accounting and cost accounting?
ADVANCED ACCOUNTING covers accounting operations, patterns, merger of public holding companies, foreign currency operations, changing financial statement ...Cost accounting:A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance.
What is the difference between cost accounting and advance accounting?
ADVANCED ACCOUNTING covers accounting operations, patterns, merger of public holding companies, foreign currency operations, changing financial statement ... Cost accounting: A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance Type your answer here...
What is the one common feature shared by all businesses?
They all have - Human Resources Management - Marketing/sales -Operations/production - Accounting/finance
Role of an accountant in an organization?
Accountants have many roles in an organization. A management accounting will create and understand production reports and make timely and valuable decisions to increase the company profits.
What is the relationship between production department and marketing department in a typical business organization?
what is the rlationship between production department and marketing department in a business organisation
Definition of operation management and production management?
I believe that Production Management is a part of Operations Management. Operations is the bigger picture of various functions that affect the overall process and quality of an organizations services or manufacturing. Here is a definition of Operations Management that lists "production management" as a part of the whole. In business, all the different aspects of operations is typically overseen by the COO or Chief Operating Officer. Most people do not know what business operations entails because it tends to be a broader discipline. Unlike project management, which has defined completion to a task; operations management deals with processes, resource allocation, and quality to run the business day to day in an efficient and effective manner. APICS The Association for Operations Management also defines operations management as "the field of study that focuses on the effectively planning, scheduling, use, and control of a manufacturing or service organization through the study of concepts from design engineering, industrial engineering, management information systems, quality management, production management, inventory management, accounting, and other functions as they affect the organization".[1]
What are the line and staff relations in an organization?
Line and staff relations in an organization refers to the operations. The line relations are the direct production of the primary product or service. Staff relations are support employees.
Has shown that manufacturing costs often fall as the number of units produced by an organization increases This relationship between cost and production is called?
It is called the "production concept".
Production management entails creation of wealth Discuss?
The production management entails the creation of wealth. This is because in the manufacturing operations, the production management includes the responsibility for the product and the process design. It also deals with the supervision and organization of the workforce.
