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What is an example of the external financial reporting purpose of the cost management systems?

The amount of inventory that should appear on the balance sheet


What are the advantages and disadvantages of file based systems?

File-based systems are low cost and do not need external storage or somebody that is extremely knowledgeable in technology. Disadvantages include data duplication, lack of flexibility, and a lack of security.


Can a security alarm installed in a business qualify as a leasehold improvement?

Most security systems involve wiring, monitors and a control panel which would not be removed at the end of the lease, becoming a permanent fixture of the building. So if a reasonable life expectancy of the system is near the term of the lease, it would be considered a leasehold improvement.


What are the Key result areas in finance department?

The main job KRA's of Account and Finance dept are as follows: - · Establishes systems controls for and procedures for financial and accounting systems to achieve corporate objectives. · Directs installation and maintenance of accounting, timekeeping,payroll,inventory,property and related procedures and controls · Designs, manages and monitors reporting systems to all departments and to aid management decision in achievement of stated objectives regarding revenue, profitability, and market share. · Prepares statements and reports of estimated future costs and revenue. · Directs the maintenance of ledgers, journals, accounts receivable, revenue depreciation, cost, property, operating expenses, insurance etc. · Oversee bank work regarding documents, inward/outward remittances etc. · Directs and participates in cost analysis and rate studies. This includes scrutiny of inventory of investory costs, charges from banks/agencies/service providers, cash vouchers, supplier bills, utility bills (Phone/electrical/mcd etc.) etc. · Negotiates contract/service/loan/credit terms with outside financial agencies such as banks, financial/trade institutions, ECGC, insurance companies etc. · Directs internal audits involving review of accounting and administrative controls. Coordinates preparation for external audits and external financial reporting. · Direct the preparation and filing of returns for sales tax, Income tax, Excise and other forms of taxes and charges. Also directs and monitors issuance of forms to suppliers/employees such as H-form, st-49, C-form, Form-16 etc. · Review any contracts before they are signed


What is ptp - accounts?

PTP, or Procure-to-Pay, refers to the end-to-end process that organizations use to acquire goods and services and manage their payments. It encompasses activities such as procurement, invoice processing, and payment to suppliers, ensuring that purchasing and accounts payable functions are streamlined and efficient. By integrating these processes, businesses can enhance visibility, control costs, and improve supplier relationships. PTP systems often leverage technology to automate workflows and improve accuracy in financial transactions.

Related Questions

Which role monitors incoming invoice data from external systems such as wide area work flow?

Invoice Interface Processing Monitor


What are the advantages to having your computer hooked to a monitior switch?

They are designed for the sharing of monitors so you can spend less on monitors and complex systems


Do some computer monitors work with some computer systems and not others?

no


Are home security systems with visual monitors more expensive?

Home security systems aren't too terribly expensive. They can go for about $100- $250. Ones with visual monitors can cost anywhere from $500 to $1000.


Why is optical analysis systems important?

I think maybe because it controls other monitors


Why you have firewall?

Firewall protect the computers from various web threats like malwares, viruses, spyware and many more. Firewalls filters out the malicious incoming information and blocks them at the entry point thus protecting the systems from the external threats. Http://watchguard.com


Which systems compete with LCD TV monitors?

Systems that compete with LCD TV monitors are OLED, FED and SED that produce light directly on the front face of the display. They also offer better viewing angles, higher brightness and contrast ratio.


What is the significance of I/O in computer systems?

Input/output (I/O) is significant in computer systems because it allows for communication between the computer and external devices, such as keyboards, monitors, and printers. This enables users to interact with the computer and for the computer to process and output information. Efficient I/O operations are crucial for the overall performance and functionality of a computer system.


What are the concepts of internal and external systems development?

I am struggling with that answer my self.


In the systems approach application of General Systems Theory what are the two facets of the environment?

External Environment and Cognitive Environment


What are some different kinds of payroll systems?

The three main types of payroll systems are manual, software and external.


List Examples of electronic monitoring and surveillance equipment?

ankle monitors, home monitoring systems, and GPS to name a few.