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What are the ways which a management accountant might contribute to a formal decision making process?
A management accountant might contribute to a formal decision making process by ordering feasibility studies. A management accountant can also tell everyone how much things will cost and how much profit can be made.
What is a business organization?
a business organization is a group or a unit of people working together with a commen objective of profit maximization.but profit maximization is not the only objective..they also satisfy human needs and wants by producing goods and services
What is the role of a cost accountant in the business organization?
Cost accountants are responsible for establishing budgets for the organization. They also assign predetermined overhead rates for product, so that the business doesn't take a loss when they sell the product.
Can a treasurer also be the president of a corporation?
Definately no no no
Can a non-profit organization open a merchant processing account to accept donations via credit card?
Yes, a non-profit organization can open a merchant processing account for the purpose of accepting credit card donations. However, the non-profit organization must go through the same process as any other business, so the approval process can be lengthy. Also, the fees charged by the bank may vary. The advantage is that the non-profit organization will receive the credit card donations more quickly and the name of the non-profit will show up on the donor's credit card statement.
Abbreviation of treasurer?
A treasurer is a person within an organization that is usually in charge of the financing. This position can be abbreviated to treas.
What are the ways which a management accountant might contribute to a formal decision making process?
A management accountant might contribute to a formal decision making process by ordering feasibility studies. A management accountant can also tell everyone how much things will cost and how much profit can be made.
The idea that employees should also share the profit of organization was given by What theorist?
Charles Babbage
What is a business organization?
a business organization is a group or a unit of people working together with a commen objective of profit maximization.but profit maximization is not the only objective..they also satisfy human needs and wants by producing goods and services
Where can one find information on how to start a non profit organization?
To get your non profit organization to get a special designation from the United States government you can contact the Small Business Administration. If you want to get federal funding you can also ask about grants.
Can a org be used for profit?
Yes, an organization can be used for profit, especially if it is structured as a for-profit entity, such as a corporation or a limited liability company (LLC). These types of organizations aim to generate revenue for their owners and shareholders. However, non-profit organizations can also engage in revenue-generating activities, but any profits must be reinvested back into the organization's mission rather than distributed to individuals. Ultimately, the purpose and structure of the organization determine its profit orientation.
What does it mean for an organization to be professional?
For an organization to be professional it means that they take money for services and work for a profit. It also means that they are organized, functional and meet targets on time.
How do you find out if an organization is non-profit?
The easiest way is to ask. You could also check the Secretary of State's office in the state in which the organization is located. If it is not a new organization you could check if they are listed on guidestar.com.
What is the role of a cost accountant in the business organization?
Cost accountants are responsible for establishing budgets for the organization. They also assign predetermined overhead rates for product, so that the business doesn't take a loss when they sell the product.
How can I obtain a donation receipt for a non-profit organization?
To obtain a donation receipt for a non-profit organization, you can typically request one directly from the organization by providing details of your donation, such as the amount, date, and method of payment. Many non-profits also provide donation receipts automatically for tax purposes.
Can a treasurer also be the president of a corporation?
Definately no no no
What is included in a treasurer's report for a nonprofit association?
Your governing documents define the reporting requirements for the treasurer. For example, your association's reporting requirements may indicate that quarterly, the treasurer reports the status of funds received and spent versus the budget; totals of any delinquencies, balances in the reserve accounts.
