Consolidated cash flow statement shows the cash inflows and outflows of parent company together with all subsidiaries of that parent company at one place to show the complete picture of business.
purchase, marketing, selling and distribution expenses, production
First - A skills analysis must be undertaken of the worker group concerned.
Then, identify key skills that appear to be missing, or at a low level within the workforce group.
Working in priority sequence identify exactly what training is require to upskill the workforce group . i.e is it a workshop, is it on the job, is it both?
Once you have identified these factors you must work out how long each training session will be needed to bring the the workforce up to the required level. it may be an hour per 10 people - may have 100 people needing upskilling then its 10 hours to cover everyone.
Identify the cost of wages per hour for the groups 10 groups multiplied by hourly rate - add in the cost of the trainer and the resource's if any needed to do the course. You need to check also if every-time you take 10 people for a training session who will, if anyone be needed to cover the persons job. This has to be added in to the cost. - repeat this for every skills shortage. You then have the cost to the company - you can then advice management what the benefits are financially to the business buy upskilling the workforce for each underperformance. This is the business case. Management can then agree what is to be covered - what time span and allocate money for the training. Remember a training budget is normally the last thing on any-ones mind and frequently comes lower then the cost of the Christmas party - until issues arise. Training is a 360 event train, do, assess, train. This is a Quality management system to improvement.
Process Costing is the accounting of those industries which are involved in those products production which has no specific or clear start of fiscal year or accounting year because they are continuously involved in producing products like textile industries or manufacturing industries. In these industries work is done in more then one departments and products have to go through many departments to complete and in this process each department don't know how much cost they have incurred on that product to complete and as that product is complete in more then one department so it is not possible to allocate all costs and revenues to one department so process costing is used to continuously calculate that how much cost is incurred in which department so that the revenues and responsibilities are also allocated to those departments accordingly.
There are many forms of liabilities, they should be recognised when they are able to be reliably measured and are certain. They can be categorized into Current and Non-Current depending on the operating cycle of the business (typically anything beyond 12months is non-current). A liability is an obligation on the part of the business resulting from a past transaction that requires a future outflow of resources. Some examples include: Accounts Payable Notes Payable Bank Loan Interest Payable Salaries Payable Employee Deductions Payable Unearned Revenue A + L = OE Accounts must balance to that equation.
1.pay in slip
8.draft requisition form
Cost of case divided by number of units.
For example you bought a dozen eggs for $ 24..
what is the unit price per egg?
$24 / 12 = $2 per egg.
or say you are calculating the cost of manufacturing 1 unit..
given: the cost of manufacturing 2000 units of product ABC is as follow, find unit price?
Total material cost $ 5000
Total labour cost $ 4000
Other expenses $ 1000
total cost of manufacturing $ 10000
solution: Total Cost/ no. of unit manufactured
10000/2000 = $5 per unit
No. Let's start with two stipulations, then go on to interpretations of existing facts.
Firstly, remember that CONGRESS spends the money, not the Presidents. That is, Congress appropriates (spends) Federal money - it decides the particular details as to where money is to be allocated. While any President has some persuasive effect on this spending, the truth of the matter is that Congress (not just this congress, but Congress as an institution over the last several decades) is to blame for the current debt situation of the country. Also, when accounting debt and budgets, one must look at Fiscal Years (FY), which run October to October, so a new President (who starts in January) doesn't actually get to propose a budget until over 9 months into his term.
Secondly, even if we ignored this fact (spending = Congress), the aggregate size of ALL federal spending over President Obama's term (FY2010 to FY2012 - the current FY) is roughly 11 trillion dollars. Given that, even in absolute dollar amounts (i.e non-inflation adjusted dollars), the size of the US budget had been increasing about $100 billion (5%) per year for about 20 years now. [EXCLUDING the war costs in FY 2003-2009, which were "left off" (hidden from) the budget accounting.]
Accordingly, for instance, the size of the federal budget in 2000 was about $1.8 Trillion, and about $2.4 Trillion in 2005, one can see that the aggregate amount of money spent during Barack Obama's Presidency is, while notably more than predecessors, is not outlandishly so. Roughly speaking, President Obama's 3 FY budgets are about equal to the last 4 FY budgets under his predecessor, G.W. Bush, assuming one does not include the "emergency" war appropriations. If one includes the war appropriations, then Obama's first three years spent about 10% more than Bush's last three years.
So, the absolute answer to the question, as posed, is factually a NO.
The link in the related links section shows a graph that has been verified to be based on facts and it shows the *growth* in spending is well below all the Presidents back through Ronald Reagan's term.
See the discussion section for additional comments, opinions and discussion. Please add additional discussion in that section.
At least one miscosted product causes other products to be miscosted in the organization.
A non-discretionary cost is one that is not completely controllable by you. Typically you may be able to exert a little influence on such costs by understanding and manipulating consumption patterns but you are not able to unilaterally completely eliminate the cost from your cost-base.
currency depreciation is a double-edged sword for corporations, on the one hand it makes all your imports MORE expensive since your currency can buy LESS goods with the same amount of money, on the other, it makes your goods LESS expensive to consumers all around the world because their currency can buy MORE of your products with the same amount of their money, so if a company is a major exporter it will be positively affected, if it is a major importer, it will be affected negatively. if it is in the space between the two (which is usually the case) the results will vary depending on the elasticity of the product, the profit margin .... (between + and - )
Start by determining your days average collection ratio. If the ratio is >14 days past your net terms the process you are currently using is broken.
Establish your weighted credit extension policy. What $ amount you will extend to each customer. Use past history to establish this value and build quantifiable criteria based on you financial statements. Once the weighted process is defined establish the process that will be followed from the (buy) date until the net term date.
Establish this collection policy in writing (very important) now pass along the accountability to a staff personnel that can be quantifiably measured to your newly defined policy. Full benchmarks and accountability should be give to that staff personnel, because that will be a criteria for the individual to cover his/her labor burden and provide profitable value for their results to your bottom line.
Policy rates are dependent on too many factors, you will need to contact a few agents and request quotes.
as BBA stands for Bachelors of Business Administration, so to administor a business you should know all the rules and regulations to how to deal with different situations under different circumstances, that's why business law is very important subject for BBA students.
This sure is a toughie. Both "reasonable" and "small" are very relative terms and thus it is difficult to answer what might be a good budget for a small wedding.
An adequate budget for a small and intimate wedding would be about $15000. This is taking into account the actual ceremony as well as the reception. The budget of a wedding depends on a large number of things and how you plan them. Here are some tips that can help you to save money and stay within your budget when planning a wedding.
Keep the guest list small. Invite only close family and friends. Do not include casual acquaintances in your wedding list if you are on a tight budget. Even while planning a small wedding, you can tend to get carried away while making the list of invitees by feeling that you can't possibly leave out this person or that. But keep your budget in mind and make your invitation decisions sensibly.
Reduce the length of the wedding. Longer ceremonies and elaborate and long-winding receptions can result in a lot of unnecessary expenditure. Keep the wedding short and sweet as this will help you in staying within your budget.
Don't wait till the last minute to book your wedding church, the reception hall, the caterers, the wedding photographer, and any other reservations that you need to make. A lot of these bookings can be done as much as one year in advance. So make the reservations as early as possible to avoid high last minute costs.
If possible try not to have the wedding on weekends, during the holidays, or during the peak wedding season. Having a wedding on such days is more expensive than having it during the week or on other regular days. Whether you have a daytime affair or an evening one could also be a factor when it comes to saving money. So find out from the banquet managers of your local halls what the best time would be to have a wedding in terms of trying to stay on a small budget.
Try and pay cash for larger expenses and merchandise where ever it is acceptable. Most people will give you a good cash discount which will in turn help to reduce wedding costs.
Reasonable depends on what you want for your wedding. A wedding can cost less than $5000 if the ceremony is at a public park, the reception is at a restaurant, you use disposable cameras instead of a photographer, hire a cheap DJ, have a Mexican buffet for dinner, wear a white dress instead of a wedding dress and have a cash bar.
On the other hand, it is not uncommon for a small wedding to cost over $15,000. The deciding factor is really what you expect to get for your money. Generally, you don't get great food for $7 a plate and you won't get professional quality photos from disposable cameras.
Categorize all assets by type (cash, receivables, equipment). Categorize all liabities by type (accruals, accounts payable, loans payable).
Determine initial investment in business. Difference is "retained earnings", which is cumulative profit from the start of the business.
The above assumes proper tracking of sales, purchases, disbursements, etc.
Balance sheet shows the financial positions of any company by comparing two sections: liabilites and assests.
Search google for "benchmarking-your-business-against-industry-averages" for a description of how you can find common asset and liability types of US corporations.
Reduction in share capital can enable one or more of the following: (i) write off accumulated losses on profit and loss account, so that dividends can be paid much earlier. (ii) its balance sheet can reflect more accurately the capital employed in the business, where capital has been lost, and (iii) repay to shareholders part of its paid-up capital in case the capital is not needed in the future.
A manufacturing organization's master budget includes a production budget, which uses the sales budget and inventory levels anticipated at the beginning and end of the period to determine how much to produce.
Here are the advantages of financial planning:
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