Budgeting and Forecasting

The Chief Executive Officer of a small coporation will generally have a starting salary in the neighborhood of $60,000 to $75,000. This would be a corporation with between 10 and 50 employees. For a start up company, as opposed to an established corporation, the expectations would be much lower.

MRP creates recommendation for purchase orders and production orders based on some inputs such as Purchase Orders, Sales Orders, Inventory Status, Forecast, Bill of Material, Lead time, Minimum Order quantity, Parent dependent requirement, Parent Production Order, etc.

A curriculum vitae, also known as a resume, is an overview of your personal, educational and working background. The purpose of a CV is to inform a prospective employer of your experience and qualifications when applying for a job. If you are not adept with drafting up a CV, you can find samples online to help you.

The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. Developed by Gustav Cassel in 1920, it is based on the law of one price: the theory states that, in ideally efficient markets, identical goods should have only one price. This purchasing power SEM rate equalizes the purchasing power of different currencies in their home countries for a given basket of goods. Using a PPP basis is arguably more useful when comparing differences in living standards on the whole between nations because PPP takes into account the relative cost of livingand the inflation rates of different countries, rather than just a nominal gross domestic product (GDP) comparison. The best-known and most-used purchasing power parity exchange rate is the Geary-Khamis dollar (the "international dollar"). PPP exchange rates (the "real exchange rate") fluctuations are mostly due to market exchange rates movements. Aside from this volatility, consistent deviations of the market and PPP exchange rates are observed, for example (market exchange rate) prices of non-traded goods and services are usually lower where incomes are lower. (A U.S. dollar exchanged and spent in India will buy more haircuts than a dollar spent in the United States). PPP takes into account this lower cost of living and adjusts for it as though all income was spent locally. In other words, PPP is the amount of a certain basket of basic goods which can be bought in the given country with the money it produces. There can be marked differences between PPP and market exchange rates. [1] For example, the World Bank's World Development Indicators 2005 estimated that in 2003, one United States dollar was equivalent to about 1.8 Chinese yuan by purchasing power parity [2] - considerably different from the nominal exchange rate that put one dollar equal to 7.6 yuan. This discrepancy has large implications; for instance, GDP per capita in the People's Republic of China is about US$1,800 while on a PPP basis it is about US$7,204. This is frequently used to assert that China is the world's second-largest economy, but such a calculation would only be valid under the PPP theory. At the other extreme, Japan's nominal GDP per capita is around US$37,600, but its PPP figure is only US$30,615.

Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.

If there is only increase in selling price per unit without the change in the cost of the product then contribution margin per unit will also increase but if cost per unit is more increase then increase in selling price per unit then contribution margin per unit will decrease.

How to calcalate total revenue

results are more accurate and reliable.it is less time consuming and reduces labour costs.

|Accounting tract the assets, liabilities, owners equity, revenue and expenses of an organization. It provides not only current operating information for management but also track the historical transactions of the entity. It encompases not only cash earned by the organization but also the investment activities, financing activities, lending activities, non-cash charges and recognition of and expiation of the useful life of assets used in the operating of the entity. It also encompasses intangible recording and recognition of items that may have a value yet are not specific in nature such as organizational cost, patents, copyrights and trademarks. I will reflect monies owed, accruals of interest on those monies and also the amounts of excess over operating expenditures that have not been distributed. It is the basis of calculating taxes owed and due as well as a parameter as to the health of the entity and is essential for owners and managers in calculating and projecting operational problems, budgets and compensation. With out accounting no entity could survive. It is the essential information needed to not only run but also perpetuate a continued enterprise. Accounting refers to the process of bookkeeping that are involved in making the financial records of business transactions. These Bookkeeping methods are also used in preparation of statements concerning the assets, liabilities and operating results of a company. It is a very important process in an organization. The information derived from the accounting processes gives complete financial information about the company and conveys its financial standing to the owners and employees of the company. It also shows which products or assets of the company are most profitable and those which are weak. Day to day bookkeeping on the accounting principles, helps in keeping record of daily transactions and also helps in preventing any frauds.

There is a huge relationship between fixed cost and variable cost. These two costs are the opposite of each other.

ASSETS are equal to the sum of liabilities & owner's equity

Absorption costing does not understand the importance of fixed costs. In absortption costing, fixed costs are absorbed to unit, therefore it is hard to distinguish between variable and fixed costs.

And also, the variability of profit will cause confusion, the reason is that the net profit varies with both sales and stock changed under absorption costing.

Absorption costing does not understand the importance of fixed costs. In absortption costing, fixed costs are absorbed to unit, therefore it is hard to distinguish between variable and fixed costs.

And also, the variability of profit will cause confusion, the reason is that the net profit varies with both sales and stock changed under absorption costing.

It lets you know how much money you have to spend.

Budgets help businesses and people manage their money. Without a budget, many people would fall short on money and not be able to provide for their families.

Definition

A set of revenue and expense projections at various production or sales volumes. The cost allowances for each expense are able to vary as sales or production vary.

Physical inventory refers to the actual inventory in the warehouse. Inventory refers to completed products, not work in progress or raw materials.

A number of limitations are commonly mentionedwith respect to CVP analysis:1. The analysis assumes a linear revenue functionand a linear cost function.2. The analysis assumes that what is produced issold.3. The analysis assumes that fixed and variablecosts can be accurately identified.4. For multiple-product analysis, the sales mix isassumed to be known and constant.5. The selling prices and costs are assumed o beknown with certainty.

Full costing information is perceived by some critics as not very useful, because it can be backward-looking: example- it includes information irrelevant to decision making, but excludes some relevant information.

Accounting originated in ancient Mesopotamia. The development of accounting stemmed from the development of writing, counting, and money and has been in practice since.

Total Variable costs divided by the cost of units

there are some difference among activity based flexible budget and conventional fllexible budget, the main differ is number of cost driver that use to allocat OHC, so my dissertation about this subject

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it is prepared by the appointed , qualified budget comitee