Inventory ties up working capital and incurs holding cost which reduces profit for every excess stock held. In large organizations, the cost associated with inventory can run into millions of dollars. So there is always a need for determining an optimum inventory level so that it can avoid under-stocking and overstocking. The work in the dissertation shows how simple inventory management approach can minimize the inventory investment. It shows the application of Multi-Criteria ABC classification, Min Max inventory model, service level calculation and vendor scheduling along with the conceptualized literature review. The book can be of great help to supply chain professional in the field of inventory management.
The latest and most important information for best practices in the inventory function Inventory Best Practices, Second Edition offers the latest and most important information on advanced techniques and strategies to improve on the accuracy of all ongoing inventories, configure a warehouse for optimum counting efficiencies, and more. Explains the difference between different types of distressed merchandise for disposal purposes Shows how to maximize the efficiency of inventory tracking systems by shifting selected inventory items into floor stock Examines inventory picking, storage, transactions as well as warehouse layouts, and inventory measurement Inventory Best Practices, Second Edition will not only show professionals how to cut their business costs but will demonstrate how to optimize their company's effectiveness as well.
Revision with unchanged content. China, as the largest emerging economy in the world, began its accounting reforms in the early 1990s. It is not known, however, whether its accounting reforms, intended to harmonize with the International Accounting Standard (IAS, now known as IFRS), have been successful and what the impact of the reform on Chinese listed firms is. This book empirically assessed the status and progress of the harmonization of Chinese GAAPs with IFRS, and whether Chinese listed firms’ accounting practices has been improved with the harmonization of accounting standards. The findings of this study should benefit international and national accounting standard setters, capital market regulators, accounting researchers with interests in accounting standard setting and implementation, as well as accounting practitioners with global business especially business in China, by helping them understand some fundamental harmonization issues relevant to China.
Inventory management is among the most important topics in Operations Management. This book is focus to study the demand, deterioration, shortages etc. of inventory models. This book contains brief history of Operations Research and basic terminology of inventory systems etc. This book should be useful to Post Graduate and research students in the field of Management, Engineering Sciences, Economics and mathematics.
The easy way to master an intermediate accounting course Intermediate accounting courses are required for students seeking bachelor's degrees in accounting and often for degrees in finance, business administration, and management. Intermediate Accounting For Dummies provides you with a deeper and broader level of accounting theory, serving as an excellent course supplement and study guide to help you master the concepts of this challenging program. With easy-to-understand explanations and realworld examples, Intermediate Accounting For Dummies covers all the topics you'll encounter in an intermediate accounting course: the conceptual framework of Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), financial ratio analysis, equity accounting, investment strategies, financial statement preparation, and more Tracks to a typical intermediate accounting curriculum Expert information and real-world examples Other titles from Loughran: Financial Accounting For Dummies and Auditing For Dummies With the help of Intermediate Accounting For Dummies, you'll discover the fast and easy way to take the confusion out of the complex theories and methods associated with a typical intermediate accounting course.
A hands-on guide to the ins and outs of governmental accounting—made easy! Governmental Accounting Made Easy, Second Edition equips you with the tools you need to run the financial and accounting operations within your organization. This complete and straightforward manual covers a broad range of governmental accounting topics that fall under the Governmental Accounting Standards Board, and its recently revised financial reporting model. Boiling down the complicated details of governmental accounting into manageable essentials, author Warren Ruppel, a leading authority on governmental accounting, offers practical information in easy-to-understand terminology. Even if you do not have a professional understanding of accounting principles and financial reporting, the Second Edition makes it all clear with accounting rules explained in terms anyone can understand, to help you better fulfill your managerial and fiduciary duties. Always practical and never over-technical, this helpful guide: Discusses basic accounting terminology Clearly explains fund accounting Covers the nuts and bolts of governmental financial statements Equips you to understand the reporting entity Discusses revenues from non-exchange transactions Helps you become conversant in various accounting topics The recently adopted reporting model for governments resulted in a radical change in the way governmental financial statements are presented. Suitable for professional managers, budget preparers, school boards, city councils, state legislators, and comptrollers, Governmental Accounting Made Easy, Second Edition is your essential guide for a clear, concise, understandable explanation of government finances.
Cost and Management accounting is very important for control the cost and money. It is a tool which is very important for service and non service sectors. Cost accountancy is an essential part of accountancy, which has been developed to meet the managerial needs of business. Starting off as a branch of financial accounting, cost accountancy has developed so fast in the last few decades that it is difficult to give suitable definition, which fully covers its scope. The management accountant is expected to provide timely, accurate information-.including budgets, standard costs, variance analysis, support day-to-day operating decisions, and analyses of expenditures. So, this book will help to the cost and management accountant very usefully. In this book it is mentioned about the introduction about cost and management accounting, cost terminology and classifications, manufacturing overhead cost allocations, job order costing, process costing, joint and by products, master budget, responsibility accounting and income effecting of alternative inventory costing systems. It will help every business concern to learn how to control the cost though the costing techniques.
A soup-to-nuts guide to the leading accounting software for small businesses – QuickBooks 2013! Owners of small businesses will love this complete guide to the newest version of QuickBooks, the premier small-business accounting program. Written by CPA and bestselling financial author Stephen L. Nelson, this all-in-one guide includes 8 self-contained minibooks covering every aspect of QuickBooks and how it is used. Coverage includes accounting basics, getting started with QuickBooks, bookkeeping and accounting chores, a short course in financial management, tips on creating a business plan, how to maintain QuickBooks, and some valuable additional resources. Helps you understand basic accounting practices and concepts, customize QuickBooks for your specific needs, and protect your data Explains how to invoice customers, pay vendors, track inventory, and manage cash and bank accounts with QuickBooks Leads you step-by-step through navigating the payroll process, understanding double-entry bookkeeping, preparing financial statements, building a budget, and tackling your taxes Delves into advanced financial strategies like ratio analysis, Economic Value Added analysis, forecasting, and capital budgeting QuickBooks 2013 All-in-One For Dummies is the key to keeping your business–and budget–on track.
Seamlessly bridging academic accounting with real-life applications, Crash Course in Accounting and Financial Statement Analysis, Second Edition is the perfect guide to a complete understanding of accounting and financial statement analysis for those with no prior accounting background and those who seek a refresher.
The easy way to master a managerial accounting course Are you enrolled in a managerial accounting class and finding yourself struggling? Fear not! Managerial Accounting For Dummies is the go-to study guide to help you easily master the concepts of this challenging course. You'll discover the basic concepts, terminology, and methods to identify, measure, analyze, interpret, and communicate information in the pursuit of an organization's goals. Tracking to a typical managerial accounting course and packed with easy-to-understand explanations and real-life examples, Managerial Accounting For Dummies explores cost behavior, cost analysis, profit planning and control measures, accounting for decentralized operations, capital budgeting decisions, ethical challenges in managerial accounting, and much more. Covers the key concepts and tools needed to communicate accounting information for managerial decision-making within an organization Plain-English explanations of managerial accounting terminology and methods Tracks to a typical college-level managerial accounting course Managerial Accounting For Dummies makes it fast and easy to grasp the concepts needed to score your highest in a managerial accounting course.
With the advent of financial accounting, the concept of accounting became broader to include the description of the recording, processing, classifying, evaluating, interpreting and supplying of economic-financial information for financial statement presentation and decision-making purposes. Refinements in cost and management accounting came later in the 20th century. Then came the Government accounting including Budgeting and was closely associated with economic planning. The use of enterprise accounting for the purpose of macro accounting is a recent development. Accountants all over the world have developed certain rules, procedures and conventions, which represent a consensus view by the profession of good accounting practices and procedures and are generally referred to a “Generally Accepted Accounting Principles”.