...MANAGMENT ACCOUNTING Launchbreak LTD 1. Be able to analyse cost information within a business 1.1 classify different types of cost 1.2 use different costing methods 1.3 calculate costs using appropriate techniques 1.4 analyse cost data using appropriate techniques 2. Be able to propose methods to reduce costs and enhance value within a business 2.1 prepare and analyse routine cost reports 2.2 use performance indicators to identify potential improvements 2.3 suggest improvements to reduce costs, enhance value and quality 3. Be able to prepare forecasts budgets for a business 3.1 explain the purpose and nature of the budgeting process 3.2 select appropriate budgeting methods for the organisation and its needs 3.3 prepare budgets according to the chosen budgeting method 3.4 prepare a cash budget 4. Be able to monitor performance against budgets within a business 4.1 calculate variances, identify possible causes and recommend corrective action 4.2 prepare an operating statement reconciling budgeted and actual results 4.3 report findings to management in accordance with identified responsibility centres COMPANY BACKGROUND Launchbreak LTD is a small manufacturing company that makes cakes, which are sold to supermarkets and grocery stores. You work as an accounts manager at Launchbreak LTD, reporting to the general manager. 1.1(a) Managment accounting is one kind of accounting which is designated to provide business leaders...
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... PIONEER (Since 1996) Submitted to Submitted By Prof. Dr. V K Jain Ravendra Kushwaha Prof. Nidhi Kothari MBA 3rd sem Roll. No. 09010118 DECLERATION I hereby declare that this Research Paper entitled “OPPORTUNITIES IN INDIAN MARKET OF MUTUAL FUNDS INVESTMENT” submitted for the extra co curriculum activities fulfillment of the requirement of Master of Business Administration (MBA) of PIONEER INSTITUTE OF PROFESSIONAL STUDIES INDORE is based on secondary data found by me in various Companies fact sheets, books, magazines and websites & Collected by me in under guidance of Prof. Nidhi Kothari. DATE: Ravendra Kushwaha MBA 3rd sem. Roll no. 09010118 INTRODUCTION What is mutual funds A Mutual Fund is a trust...
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...sFinancial Markets. Homework. Suslova Maria 1) Financial system helps to provide a steady flow of funds from surplus to deficit units as efficiently as possible. Surplus units( individuals,companies etc) wish to invest funds, while deficit units need to borrow them and as there exist enormous amount of heterogeneity between these agents, there appears a need in financial system. Surplus units usually want to make a short terms investment, also they need a compensation for risk and prefer to have an ability to access funds (high liquidity), however deficit units wish to borrow for long term and do not wish to pay too high percents for the loan. For these reasons financial intermediaries appeared in the world. They take short term investments from surplus agents and give long term loans to deficit agents. Due to the law of large numbers they are able to do so and to hold not much liquidity. However there is always an ability of financial crisis and bank run, because of such functions of financial system. 2) There are 5 types of product innovations : Market broading innovations – these work to increase the liquidity of markets by attracting new investors and providing new opportunities for borrowers. Risk-managment innovations – these have the effect of redistributing financial risk exposure from agents that are risk-averse to agents that are willing to undertake the risk. Arbitraging innovations – in these agents exploit arbitrage opportunities...
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...NATIONAL UNIVERSITY ASSESSMENT DECLARATION This form must be completed, signed, dated and attached to your assignment that you submit for marking. COLLEGE OF BUSINESS, HOSPITALITY & TOURISM STUDIES 1. Administrative Details STUDENT NAME: Devika Chand STUDENT ID NUMBER UNIT OF STUDY: ACC 409 2015131951 TITLE OF ASSESSMENT: Supply Chain Management DATE DUE: 19/10/2015 DATE SUBMITTED: 19/10/2015 TUTORIAL/CLASS TIME: Thursday 8-10am 2. Compulsory Student Declaration Plagiarism means using another person’s intellectual output and presenting it (without appropriate acknowledgement of the author or source) as one’s own. Plagiarism constitutes academic misconduct. Where there are reasonable grounds for believing that this has occurred, disciplinary procedures of the University will be instituted. PLEASE TICK TO INDICATE THAT YOU HAVE SATISFIED THESE REQUIREMENTS: o I have read the policy on Programme Regulation on preventing plagiarism and the relevant referencing guides (or have had this explained to me by my unit coordinator) and understand the consequences of committing academic misconduct as outlined in the policy. o This assignment is my own work, I have not participated in collusion, nor have I previously submitted this or a version of it for assessment in any other Unit of Study at the University or any other institution without having obtained the approval of the teacher. o I have taken proper and reasonable care to prevent this...
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...IS 312 Notes 10/2/12 Chapter 6 The Business Benefits of High-Quality Information * Information is everywhere in an organization * Employees must be able to obtain and analyze the many different levels, formats, and granularities of organizational information to make decisions * Changing the structures of information systems databases are much more costly and harder to do than by just building it right the first time * Transaction processing system, records sales * Point of sales example with organizational boundaries * Successfully collecting, compiling, sorting, and analyzing information can provide tremendous insight into how an organization is performing * Information Granularity: Extend of details within the information (fine, detailed, coarse and abstract). 2 Primary type of Information: Transactional and Analytical Transactional information (data) = encompasses all of the information (data) contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational tasks (for repetitive decision making) * Airline tickets, sales receipts (Model 6-8 chart) Analytical information – encompasses all organizational information (data), and its primary purpose is to support the performing of managerial analysis tasks (such as: whether the organization should build a new manufacturing plant or hire additional sales personnel) * 1/3 of all organizational content is...
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...MEDGAR EVERS COLLEGE DEPARTEMNET OF BUSINESS ADMINISTRATION SYLLABUS BUS 103 -- INTRODUCTION TO BUSINESS Tuesday 12:30 PM – 2:55 PM TEXT BOOK: BUSINESS ESSENTIALS by RONALD EBERT AND RICKY GRIFFIN PRENTICE HALL, 2005 INSTRUCTOR: Dr. Simon Best Contact: sbest@mec.cuny.edu COURSE DECSRIPTION This online course has been designed to serve as an introductory and general survey business to acquaint students with the importance of business as a field of study. It involves general outlines of various aspects of business including management, marketing, finance, accounting, business law, human resources management and information systems. Topics to be covered include understanding of business environment, entrepreneurship, global aspects, managing operations, functions of management, basic principles of marketing, managing information, principles of accounting, money and banking and business law. This course will prepare students to take higher level courses in these various related fields. COURSE OBJECTIVES --- To prepare students with basic tools and knowledge required to understand business growth and development with respect to SMEs, entrepreneurship, supply chains and disruptive innovation --- To set the foundations for development of knowledge and information necessary for the success of business ventures. --- To relate the various processes of accounting, finance, marketing, management, information systems and business law to the total system and to understand...
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...Trident University XXXXXXXXXXXX Module 2 Case Study- Food Safety; Pests and Vectors; Air Quality BHE314 - Environmental Health and Safety XXXXXXXX, Ph.D. XXXXXXXXXXX Food Safety Question 1: There have been several complaints in your community about dirty restaurants. Several restaurants are no longer in business as a result of a television expose. You are the head of a citizen task force and have been asked to make recommendations for improved food safety. The members of the task force are at odds over which approach to food safety best serves the interests of the community. Please provide a response to the following questions: A. Explain which of the following two approaches to enhance food safety would be more effective in the long run - a stronger enforcement program by the local health department, or a mandatory food safety training requirement for all restaurant employees. b. Describe worker behaviors that may promote or compromise food safety. Please provide, at least, two examples. Question 2: Recently there have been numerous reports on increased mosquito bites in several neighborhoods in your community. Your staff has investigated these reports and has found them to be justified. As a matter of fact, there have been an increasing number of complaints that mosquitoes are preventing people from staying out in the early mornings and evenings. Additionally, the local health department has informed you that there has been an increase in reported cases of...
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...descriptions of what they both are. It then goes on to highlight the benefits of using planned supply chain and total quality management. Cost areas are addressed and additional costs that the company will incur are discussed, the section also gives details of savings that will be made by implementing these systems. The following section looks at how to plan and then integrate these systems in to the business. Various ways of motivating employees to make these systems work are discussed. And finally a number of obstacles the company may face are shown and ways to overcome them are given. Research methods Information was gathered form a variety of books. Each book was analysed to find information relevant to the report. Topic areas were then identified and these formed the sub-titles in the research analysis. Information from the books was then categorised and placed under a appropriate sub-title. Research analysis What is supply chain management and total quality management? Supply chain management is the management of the internal supply chain of a business (Parker and D'Vaz, 2000). As organisations continuously seek to provide a faster, cheaper and better service than their competitors, they have come to realise they cannot do it alone and they must work on a cooperative basis with the best organisations in their supply chain (Handfield and...
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...study in Monash Caulfield, just few buildings in there. But Monash Clayton...I think 70 buildings in there...it took me 20 minutes to find the bus loop... next, I put on some old assignment, Advanced Managment Accouting. there were a lot of case study when I learned that unit, but now, the teacher was changed, so the assignment was changed... anyway, the requirements: 1. Conduct a SWOT analysis 2. Using the information in the text and in Exhibit 5, calculate ‘ABC’ based service costs for the TFC business. 3. Using your new costing system, calculate distribution services costs for ‘Customer A’ and ‘Customer B’. 4. What inferences do you draw about the profitability of these two customers? (hint: you can compare the ‘old’ method to the ‘abc’ method using customer profitability analysis in a table format; you can show this by: Sales less Product Costs less Service Fees = Gross Profit You can also show Gross Profit as a % 5. Should TFC implement the SBP pricing system? Give reasons. 6. What managerial advice do you have for Allied about the Total For Control (TFC) business? How does Exhibit 1 relate to this question? 7. Can ‘lean manufacturing’ practices be implemented in a company such as Allied? Explain. 8. Google ‘Allied Office Products’. Are they still in business? What other information have you discovered on Allied? SOME ANSWERS SAMPLES: Allied Office Products Case 8.1 1) Conduct a SWOT analysis Under the Strengths: it was found that They used Value...
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...the category of vehicle, (Ministry of Transport, 1996). Funds generated from licence fees form a direct revenue stream to the National Treasury. This contributes to the gross annual income of the country. According to the Road Traffic Monitoring Corporation (RTMC), as of December 2010, there are 9 829 400 registered vehicles on the South Africa roads. This increase by 2,52 per cent from December 2009, with significant contributions of increase in the motorcar and bus categories and a notably decrease in the number of motorcycles. The highest per cent of motor vehicles are in Gauteng and Western Cape Province respectively. Attached are the data table and graph illustrating the percentage distribution for your reference, (Road Traffic Managment Corporation, 2010). [pic] [pic] 1) Revenue from the fuel levy (fuel tax) The South African Petroleum Industry Association (SAPIA) is a body representing the collective interests of the of the South African petroleum industry. As stated by SAPIA, “The Association helps to address issues regarding...
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...Innovation and quality describes the Canon Inc brand and its development of professional products. “Canon’s HD camcorders, digital SLR cameras, precision lenses, projectors, and professional printers deliver the advanced imaging performance and capabilities that HDTV program producers, broadcasters, ad agencies, filmmakers, and other digital content creators rely on for making dynamic visual media” (Canon Film & Television, 2012) Offering new camera concepts to fundamentally and continuously introduce change in photography is key in aligning the Canon brand and image to be synonymous with reliability, ease in functionality, and quality to the professional consumer and establishing itself as the brand to beat in the digital camera marketplace with its lens technology that can produce super sharp, high-resolution pictures (“Red for still & motion.,” 2011). Canon’s brand dominance and notable achievements separates them from other competitors, such as Fujifilm and RED and with the current competition trend of HD production, Canon will surpass expectations and cavort its dominance over the competition with the long awaited Digital SLR EOS Renegade 3D (Renegade 3D). Canon was first to begin the motion capture craze with their innovative introduction of the seditious Canon EOS 5D Mark II back in 2008 and since then Canon has surpassed the competition with a production development line of cinema EOS model cameras that obtain similar, if not more advanced, digital...
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...International Marketing assignment 1 Christian Dior Galway Business School Monday, November 25th Alexandra Dervaux Table of contents 1.Introducing the corporation . o Reasons to internationalise o Models of inernationalisation 2.Analyse the environment o Christian Dior in China PESTEL analysis o Christian Dior SWOT analysis 3.Marketing research 4.Entry modes 5.References Christian Dior 1. Introducing the corportation Christian Dior SA is one of the most important company in the luxury indutry .It is a french holding wich control several subsidiaries composed by the « haute couture » brand named Christian Dior couture (100% owned by the company ) , LVMH SA (40% owned by the company ). The holding business principal activities are : -‐Clothes -‐Wine and spirits -‐Fashion and leather good -‐Perfumes and cosmetics -‐Watched and sunglasses -‐Fine jewellery ...
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...The Terms and Conditions of Employment for Employees at the New Queensland Factory Prepared for Chief Executive Officer of FreshFirst Canning Company by Ahmet Mithat Ozpinar, HR Department August, 2012 FreshFirst Canning Company Executive Summary The purpose of this report is to analysis the terms and conditions of employment for employees at the new Queensland factory. This report includes many suggestions for ways in which to selection and employment of Greenfield factory employees, as well as doing this in the Fair Work Act (2009) frame. The suggestions are: (The following is a sampling of recommendations; implementation details are contained in the full report) * Team should be structured in self managing with responsible manner. * Job rotaion schedules should be planned. * People who want to work in new Queensland factory should be prepared to be transferred to there. * Performance based payment should be considered. * Orientation training should be started as soon as possible. * Job analysis should be made. * Promotions should be concluded. * Safety at workplace issues should be finalized. FreshFirst Canning Company can not force an employee to work more than 38 hours in a week. It is a -must be- to provide a statement that contains all the information about NES, Termination of Employment and Modern Awards to all employees. If request is accepted by employee over time fees must apply. When making an agreement with a employee...
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...Production-Planning and Control Systems 1 HOGWARTS SCHOOL OF IMPROVEMENT INITIATIVES PPC Capacity Planning, Aggregate Planning, Master Schedule, and ShortTerm Scheduling Capacity Planning 1. Facility Size 2. Equipment Procurement Long-term Aggregate Planning 1. Facility Utilization 2. Personnel needs 3. Subcontracting Master Schedule 1. MRP 2. Disaggregation of master plan Short-term Scheduling 1. Work center loading 2. Job sequencing Intermediate-term Intermediate-term Short-term 2 HOGWARTS SCHOOL OF IMPROVEMENT INITIATIVES PPC PRODUCTION PLANNING HIERARCHY Long-Range Capacity Planning Aggregate Planning Master Production Scheduling Production Planning and Control Systems Pond Draining Systems Push Systems Pull Systems Focusing on Bottlenecks 3 HOGWARTS SCHOOL OF IMPROVEMENT INITIATIVES PPC PRODUCTION PLANNING HORIZONS Long-Range Capacity Planning Long-Range (years) Aggregate Planning Medium-Range (6-18 months) Master Production Scheduling Short-Range (weeks) Very-Short-Range (hours - days) Production Planning and Control Systems Pond Draining Systems Push Systems Pull Systems Focusing on Bottlenecks 4 HOGWARTS SCHOOL OF IMPROVEMENT INITIATIVES PPC Production Planning: Units of Measure Long-Range Capacity Planning Entire Product Line Aggregate Planning Product Family Master Production Scheduling Specific Product Model Labor, Materials, Machines Production Planning...
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...Abstract A day at the office no longer means long commutes, dressing in a suit and tie or a dress, and performing work according to a 9 to 5 schedule with the boss looking over your shoulder. With the Industrial Revolution came change in how and where people work. The changes were seen subtly at first; people slowly moved to the cities to find work in factories, but then the changes started becoming more noticeable. People flocked to the cities because that is where a person could find work. The days of the small farmer who grew food for his own family were gone. Big corporations moved in and people were hired in by the hundreds, usually to perform meaningless, dreary, work. Modern society is seeing a new kind of Industrial Revolution where people are no longer stuck in semi-enclosed cubicles or monotonous, robotic-like work. Society is experiencing a different work era where people do not have to drive miles from home on stress- filled highways, only to arrive at work to put in 8 or 9 hour days performing unfulfilling tasks. A job today can mean waking up to fresh coffee, logging onto the computer, stopping in the middle of something to help their child with lunch, and returning to work right in their own homes. A job today can mean flexibility, freedom, creativity, and increased production. Introduction Working from home is not a new concept. People used to conduct their work from home because their property and home was their work. Farmers farmed their land, and the women...
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