Concepts of Throughput Accounting In 1890s when cost accounting was introduced‚ labour was the greatest fraction of manufactured cost and considered as a variable cost. Very often workers did not know about the actual time of hours that they have to perform in a week when they reported for duty since the systems of time-keeping were undeveloped. Here comes the importance of throughput accounting which removes the dependence of standard cost accounting on efficiencies‚ particularly the
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competitors We operate our business in five segments: Windows & Windows Live Division‚ Server and Tools‚ Online Services Division‚ Microsoft Business Division‚ and Entertainment and Devices Division. Our segments provide management with a comprehensive financial view of our key businesses. The segments enable the alignment of strategies and objectives across the development‚ sales‚ marketing‚ and services organizations‚ and they provide a framework for timely and rational allocation of development
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Explain the concept of ‘models’ and discuss the various types of models. Use appropriate examples. A model is a pattern‚ plan‚ representation‚ or description designed to show the structure or workings of an object‚ system‚ or concept. A model can come in many shapes‚ sizes‚ and styles. It is important to emphasize that a model is not the real world but merely a human construct to help us better understand real world systems. In general all models have an information input‚ an information processor
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a) Explain Plato’s concept of "Forms" [33] Plato‚ an ancient Greek philosopher living around 400 BCE‚ came to an belief that as well as the visible world‚ there was in fact another‚ separate ’world’ which contained the ’Forms’. Forms are what Plato understood to be the reality that lies behind each concept and object in the visible world. Plato was exploring how the human senses know how to categorise objects‚ animals and concepts‚ however warped they may be from their mundane Form. He believed
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Table of Contents Accounting Concepts and policies…………………………………………………………….. 3 – 7 Relevance of accounting concepts and policies on financial report…………….. 7 – 10 Discount allowed and received………………………………………………………………… 11 – 13 Difference between carriage inwards and carriage outwards……………………. 11 – 13 Differences between straight line and reducing balance methods……………… 11 – 13 References……………………………………………………………………………………………… 14 - 16 Introduction Accounting Concepts and Principles These are rules and
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Review of Accounting Fundamentals The Accounting Equation Assets = Liabilities + Equity Equity = Contributed Capital + Retained Earnings Retained Earnings = Beginning Retained Earnings + Net Income for the Period – Dividends Net Income = Revenues – Expenses + Gains – Losses Assets ( Probable future economic benefits obtained or controlled by a particular accounting entity as a result of past transactions or events Liabilities ( Probably future sacrifices of economic benefits
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Explain the concept of Dukkha Dukkha is the first of the three marks of existence and the first of the four noble truths. Dukkha is an extremely hard word to translate‚ and its meaning can vary between suffering‚ dissatisfaction and imperfection‚ it is most often translated as suffering. In his first sermon in the Deer Park‚ Siddhartha Gautama tells us what dukkha means. “This is dukkha: birth is painful‚ aging is painful‚ sickness is painful‚ death is painful‚ encountering what is not dear is
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• Case 1-4 Generally Accepted Accounting Principles At the completion of the Darby Department Store audit‚ the president asks about the meaning of the phrase “in conformity with generally accepted accounting principles‚” which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than what he thinks of as “principles.” Required: a. Explain the meaning of the term accounting principles as used in the audit report
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BB0001 - Q.2 Explain the marketing concepts with its relevance in today’s marketing environment. Answer: Marketing Concepts : Studies reveal that different organisations have different perceptions of marketing. And these differing perceptions have led to the formation of different concepts of marketing such as 1. The Exchange Concept 2. The Production Concept 3. The Product Concept 4. The Selling Concept 5. The Marketing Concept 6. The Societal Marketing Concept. 1. The Exchange Concept : The
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Question 1 2 out of 2 points Correct A corporation uses the Internal Revenue Service’s Web site to learn how to pay its estimated quarterly income taxes. This is an example of ________. Answer Selected Answer: b. G2B Correct Answer: b. G2B Question 2 2 out of 2 points Correct Dell’s cornerstone business model is based on the concept of: Answer Selected Answer: c. build-to-order which allows customers
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