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How does cost accounting contribute effective and efficient management of an industrial establishment?
How does cost accounting contribute to the effective and efficient management of and industrial establishment
How does effective safety and security management systems improve a organization?
computer maintenance is essential for effective and efficient management in an organization computer maintenance is essential for effective and efficient management in an organization computer maintenance is essential for effective and efficient management in an organization
Made management and organization of workers and materials more efficient and productive?
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If you were organized by Time you might?
Organization by time is chronological. Proper time management and organization makes you more efficient.
Differences between manual accounting system and computer based accounting system?
Manual accounting requires that all journal entries, invoices and other financial documents be created by hand. Computerized accounting allows users to input information into accounting software programs.SpeedAccuracyComputerized accounting produces information much faster than manual accounting. Accounting software packages, such as QuickBooks and Peachtree, come with built-in databases that allow users to input data. Financial StatementsManual accounting systems are prone to mathematical errors and misplaced numbers. With a computerized accounting system, your company data is automatically calculated based on numbers you input. CostIn a manual accounting system, you have to prepare your company's income statement, balance sheet and statement of owner's equity by hand. Information from your journal entries helps formulate your company's financial statements. Computerized accounting systems allow financial statements to be created from information stored in the database. ReportsThe cost of computerized accounting systems can range from hundreds to thousands of dollars for large businesses. A computerized accounting system may save on man hours used for creating financial statements and other reports. For this reason, many small and mid-sized businesses use computerized accounting software.Reports are created in a timely manner when using a computerized accounting system. Reports generated from computerized accounting software allow managers to run the company in a more efficient manner. Creating reports in a manual accounting system may lead to more staff frustration and result in having to work with outdated information.Bilawalmagsi@live.com
Who made management and organization of workers and materials more efficient and productive?
business specialists
Fundamentals of management?
The fundamentals of management will provide a set of functions which will be used in utilization of resources. This is what promotes efficient and effective production in an organization.
What are the advantage of computerized accounting system?
Faster and efficient in processing of information;Automatic generation of accounting documents like invoices, cheques and statement of account;With the larger reductions in the cost of hardware and software and availability of user-friendly accounting software package, it is relatively cheaper like maintaining a manual accounting system;More timely information can be produced;No more manual processing of the data- all automatically been posted to the various ledgers/accounts andMany types of useful reports can be generated for management to make decisions
What are 5 advantages of computers in accounting?
Advantages of an accounting software:- 1. Accounting software allows faster and more efficient processing of data. Once the information is entered in the associated module--accounts payable--it is processed and stored immediately. 2. Accounting software eliminates manual processing, which often creates considerable room for error. Accounting software allows for smoother record-keeping, reconciliation and balancing.
How can a computerized database become efficient and effective for a school?
time consuming
Why efficient managers are needed?
On them depends the success of the organization. They are the REAL backbone of the organization and the intermediary between the top brass and the other staff. They are the eyes and ears of the organization. They are responsible for filtering the info from the management to the staff.
What is strategic Human resource management?
Strategic human resource management is critical for any business organization. This is what will allow effective hiring, training, evaluation and delivery of efficient results among other things.
