Tag: management

Standard Cost

Standard Costs Definition Standard cost accounting is a goal or budget costs that is associated with variable costs. They are also used to measure the cost that management believes that it will incur over a period. Standard Costing Explained In short, standard costing takes the direct labor, direct materials, and manufacturing overhead, and estimates the

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Sarbanes Oxley Act of 2002

See Also: Securities Act of 1933 Securities Exchange Act of 1934 Audit Committee Auditor American Institute of Certified Public Accountants – AICPA Sarbanes Oxley Act of 2002 The Sarbanes Oxley Act of 2002 or SOX for short is further regulation of the secondary market by requiring further internal controls within companies and extensive audit practices.

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Progress Billing Example

Find a progress billing example below. Progress Billing Example UNCONDITIONAL FINAL WAIVER AND RELEASE OF LIENS AND CLAIMS OWNER: Business X, LLC. PROJECT NAME: PRIORITY MANAGEMENT For and in exchange of the sum of $, the sufficiency of which is hereby acknowledged, the undersigned Contractor, subcontractor, consultant, materialmen or laborer (hereinafter the “Undersigned”) warrants and

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Preparing a Loan Package

See Also: Can Factoring Be Better Than A Bank Loan? Loan Term Prepare an Investor Package Good Budgeting Processes What the Banker Wants You to Know Does Your Management Team Understand the Financials? Preparing a Loan Package Knowing the process of preparing a loan package can be one of the most resourceful tools for business

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Advantages of Decentralization

See Also: Organizational Structure Advantages of Centralization Advantages of Decentralization There are several advantages and disadvantages of decentralizing an organization. Decentralizing is optimal when subunit managers and employees have specialized knowledge regarding their particular subunit. Giving subunit managers authority is a good way to train them for future positions in senior management. Empowering employees and

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Advantages and Disadvantages of Centralization

See Also: Organizational Structure Advantages of Decentralization Advantages and Disadvantages of Centralization Under certain conditions a centralized organizational structure can be advantageous. In a centralized organization structure, the centralized authority may have a better perspective on the big picture of the organization and how the subunits of the organization fit together and this may make

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Microsoft Dynamics Great Plains

See Also: How Do You Know When It is Time to Buy New Software How to Choose New Software Microsoft Dynamics Great Plains Functionalities Microsoft Dynamics: How to Obtain Licensing Agreement What Are the Microsoft Dynamics Great Plains Functions Dynamics Great Plains is one of the solutions that Microsoft offers as part of its Dynamics

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Management Definition

See Also: Activity Based Management (ABM) Warning Signs Of A Company In Trouble Budgeting 101: Creating Successful Budgets Planning Your Exit Strategy Outsource Definition Management Definition What is Management? The management definition is a single or group of individuals who challenges and oversees a person or collective group of people in efforts to accomplish desired

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Management Audit

See Also: Total Quality Management Capital Structure Management Activity Based Management (ABM) Retainage Management and Collection Management Definition Management Audit Definition A management audit can be defined as an audit which analyzes the effectiveness of the management team of a company. The purpose of this is seven-fold: understand current practices, relate these to company financials,

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Management Accounting

See Also: Statement of Financial Accounting Standards (SFAS) Management Audit Goodwill Accounting Term Cost Accounting Accounting Principles Management Accounting Definition The management accounting definition is accounting with the specific purposes of informing managers. Management vs financial accounting: financial accounting is mainly for the purpose of informing outside parties – shareholders, lenders, creditors, and government. Ultimately, company controllers

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Malcolm Baldrige National Quality Award

See Also: Total Quality Management Theory of Constraints Activity Based Management Capital Structure Management Retainage Management Collection Malcolm Baldrige National Quality Award The Malcolm Baldrige National Quality Award is an award for excellence in quality improvement and quality management. It sets very high standards for quality. Furthermore, firms that win the award have demonstrated excellence

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Implementing Activity Based Costing

See Also: Segmenting Customers for Profit Activity Based Management Standard Costing Process Costing Activity Based Cost Allocation Implementing Activity Based Costing All of us have used cost allocation, the process of assigning common costs to ending inventory and cost of goods sold (COGS), as part of our Financial Services offerings since it is required by

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