departments of an Organization—marketing, accounting &finance, production &manufacturing think of consumer?
why it is important for all departments of an organization—marketing, accounting & finance, production & manufacturing and human resources to “think consumer.†Provide examples please send answer to my email id empireror@yahoo.com
Other - Advertising & Marketing - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It's quite simple, really. Because their common aim is to please the consumer they're serving. All the departments have to be geared with the customer in mind because all of them affect the final product. For example, if the customer base you're aiming for wants quick delivery times, don't build a production department that is slow to respond to orders even if by doing so you would save money, because if the product doesn't match the need of the customer he won't buy it even if it's cheap.
Answer 2 :
when I first learnt about commerce, about 60 years ago, it was believed that "the consumer is king". However, I don't believe that is the case any more, it seems to me that big business rules in today's world. Individual departments are expected to go all out to keep consumers happy because their livelihood depends on regularly meeting sales targets. My example of failure to think of the consumer is that I recently took a test drive in a Mitsubishi Proton car, SAVVY city car, being smaller than my trusty 18year old model I expected to find it to my liking. However, because I am only 5ft tall I found the controls difficult, bite too high and handbrake at my elbow, clearly car designers consider their consumers to be all tall men! Good luck. God bless. Gladgran.
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Sunday, April 14, 2013
Sunday, April 7, 2013
what pays more studying accounting or management science.?
what pays more studying accounting or management science.?
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting easily pays more than any management.
Answer 2 :
it depends on what you mean by accounting; chartered accountants DEFINITELY make a huge deal more, but just some random accountant working for some small company or in a factory or something is worse off.
Answer 3 :
Accounting pays more as a career than the latter anyday any time.
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Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting easily pays more than any management.
Answer 2 :
it depends on what you mean by accounting; chartered accountants DEFINITELY make a huge deal more, but just some random accountant working for some small company or in a factory or something is worse off.
Answer 3 :
Accounting pays more as a career than the latter anyday any time.
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Monday, April 1, 2013
accounting and finance at uni?
accounting and finance at uni?
Hello im going to do accounting and finance at uni and after do a carer in it.How would i get started on a job in accounting and finance?
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Obviously it would be up to you if you go to university. Have you considered trying to get a job in an accountancy practice and sitting the exams while you work? Even after you have finished a degree in accountancy, assuming you would follow the path of ACCA, you will only receive so many exemptions from the exams, and you still have to get three years relevant work under your belt before you are accepted into the ACCA. If you work and take your exams, there are numerous benefits - work places tend to pay for your exams and give you time off to study, you are earning money rather than spending a fortune on tuition fees, you will be putting into practice everything you study, and you wil be gaining the three years you need so when you pass the finals you will accepted straight away. Accountancy firms tend to look for juniors with limited experience as they do not have to pay a massive wage whilst they are taking their exams, as they are spending roughly around three grand a year for your exams. I went to university, I didn't study accountancy so didn't get any exemptions, however within one and half years I was at the same level as someone who had spent three years at university, plus I had my experience of working. However I wold not have changed a thing in hindsight about going to university, I loved it. Whichever you choose, I'm sure you won't regret it! Good Luck!
Answer 2 :
You ideally want to have at least 300 UCAS points (something like 3 Bs at A Level) to get a descent position in an accounting firm (probably one of the big 4: Ernst and Young, Deliotte, Pricewaterhousecooper and KPMG). You want to aim to get at least a 2:1 degree (preferably 1st class) For something like consulting or auditing, you are looking at 320 or 340 UCAS points (ABB or AAB) You may get away with 280 UCAS points for tax positions in other accounting firms (BBC), but they are not as popular if you are unlikely enough to get a 2:2, your best option is to apply for small accounting firms. During your university experience, apply for insight courses at one of the big 4 firms to get yourself acquainted with one of the companies (it's best if you apply before you go to uni). Then apply for a summer internship with them immediately after your first year (or immediately after your exams). The internship will be crucial if you want to secure your place with any one of the big firms as competition is ridiculously fierce. Attend all their careers presentations and take down names of the people you have talked to as well as what sort of application/CV they are looking for (they will be holding these workshops all the time). if you can't get into one of the insight days, try to speculatively apply for a voluntary summer job at a local small accounting firm to get some experience (may it be a couple of weeks or a month, etc.), but try to apply 2 months before you go. You then need to occassionally read up on current affairs (e.g. financial times) and you need to attend some sort of club or do some volunteering to show you are a team player (involved in something that uses teamwork). Then focus on your studies, getting the grades you need Accounting and finance is not going to be easy, so be prepared for lots of hard work tbh, accounting firms do not really care what degree you did at university, so long it's a good degree on the other hand, PwC and Enrst & Young both do hold their own PwC's degree: http://www.ncl.ac.uk/nubs/undergrad/flyingstart// info page: http://www.pwc.com/uk/en/careers/student/flying-start-program.jhtml Ernst & Young's degree: http://www.ey.com/UK/en/Careers/Students/Programs/EY-degree info page: http://www.lums.lancs.ac.uk/departments/Accounting/undergraduate/eydegree/ Like I'vse said, these programmes are fiercely competitive so you will have to work hard to get a place, let alone through the application process Hope this helps
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Hello im going to do accounting and finance at uni and after do a carer in it.How would i get started on a job in accounting and finance?
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Obviously it would be up to you if you go to university. Have you considered trying to get a job in an accountancy practice and sitting the exams while you work? Even after you have finished a degree in accountancy, assuming you would follow the path of ACCA, you will only receive so many exemptions from the exams, and you still have to get three years relevant work under your belt before you are accepted into the ACCA. If you work and take your exams, there are numerous benefits - work places tend to pay for your exams and give you time off to study, you are earning money rather than spending a fortune on tuition fees, you will be putting into practice everything you study, and you wil be gaining the three years you need so when you pass the finals you will accepted straight away. Accountancy firms tend to look for juniors with limited experience as they do not have to pay a massive wage whilst they are taking their exams, as they are spending roughly around three grand a year for your exams. I went to university, I didn't study accountancy so didn't get any exemptions, however within one and half years I was at the same level as someone who had spent three years at university, plus I had my experience of working. However I wold not have changed a thing in hindsight about going to university, I loved it. Whichever you choose, I'm sure you won't regret it! Good Luck!
Answer 2 :
You ideally want to have at least 300 UCAS points (something like 3 Bs at A Level) to get a descent position in an accounting firm (probably one of the big 4: Ernst and Young, Deliotte, Pricewaterhousecooper and KPMG). You want to aim to get at least a 2:1 degree (preferably 1st class) For something like consulting or auditing, you are looking at 320 or 340 UCAS points (ABB or AAB) You may get away with 280 UCAS points for tax positions in other accounting firms (BBC), but they are not as popular if you are unlikely enough to get a 2:2, your best option is to apply for small accounting firms. During your university experience, apply for insight courses at one of the big 4 firms to get yourself acquainted with one of the companies (it's best if you apply before you go to uni). Then apply for a summer internship with them immediately after your first year (or immediately after your exams). The internship will be crucial if you want to secure your place with any one of the big firms as competition is ridiculously fierce. Attend all their careers presentations and take down names of the people you have talked to as well as what sort of application/CV they are looking for (they will be holding these workshops all the time). if you can't get into one of the insight days, try to speculatively apply for a voluntary summer job at a local small accounting firm to get some experience (may it be a couple of weeks or a month, etc.), but try to apply 2 months before you go. You then need to occassionally read up on current affairs (e.g. financial times) and you need to attend some sort of club or do some volunteering to show you are a team player (involved in something that uses teamwork). Then focus on your studies, getting the grades you need Accounting and finance is not going to be easy, so be prepared for lots of hard work tbh, accounting firms do not really care what degree you did at university, so long it's a good degree on the other hand, PwC and Enrst & Young both do hold their own PwC's degree: http://www.ncl.ac.uk/nubs/undergrad/flyingstart// info page: http://www.pwc.com/uk/en/careers/student/flying-start-program.jhtml Ernst & Young's degree: http://www.ey.com/UK/en/Careers/Students/Programs/EY-degree info page: http://www.lums.lancs.ac.uk/departments/Accounting/undergraduate/eydegree/ Like I'vse said, these programmes are fiercely competitive so you will have to work hard to get a place, let alone through the application process Hope this helps
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Thursday, March 28, 2013
Thesis in Audit and Accounting - subject ideas needed?
Thesis in Audit and Accounting - subject ideas needed?
Anyone got any good ideas on a subject for a Thesis for a Masters Degree in Audit and Accounting?
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
How much of a charity's income REALLY goes straight to the beneficiaries? The difficulties, for charities, of finding ethical suppliers of services - say, accountants for example!
Answer 2 :
What went wrong in audit objective and procedures at Enron? What has been done to try to prevent a reoccurence in future situations like Enron's? Are the measures adopted likely to achieve their purpose? What else should be done?
Answer 3 :
The aftermath of Enron - changes in audit practise with specific reference to the excessive controls now required by Auditors as they attempt to shift their liability to the Directors. A sub section on the additional costs of a non US company trading in America. PS I would appreciate a copy if possible.
Answer 4 :
'How can auditors who are being paid by the companies they audit remain objective?'
Answer 5 :
sorry but as a masters student shouldn't you have some sort of interest in your chosen subject to be able to generate your own ideas? The Enron examples are quite well covered already and have resulted in many changes in legislation, corporate governance and financial reporting. There's probably also alot of material that you can copy if you want to. You can take a look in Accountancy magazine to see what are the current issues.
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Anyone got any good ideas on a subject for a Thesis for a Masters Degree in Audit and Accounting?
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
How much of a charity's income REALLY goes straight to the beneficiaries? The difficulties, for charities, of finding ethical suppliers of services - say, accountants for example!
Answer 2 :
What went wrong in audit objective and procedures at Enron? What has been done to try to prevent a reoccurence in future situations like Enron's? Are the measures adopted likely to achieve their purpose? What else should be done?
Answer 3 :
The aftermath of Enron - changes in audit practise with specific reference to the excessive controls now required by Auditors as they attempt to shift their liability to the Directors. A sub section on the additional costs of a non US company trading in America. PS I would appreciate a copy if possible.
Answer 4 :
'How can auditors who are being paid by the companies they audit remain objective?'
Answer 5 :
sorry but as a masters student shouldn't you have some sort of interest in your chosen subject to be able to generate your own ideas? The Enron examples are quite well covered already and have resulted in many changes in legislation, corporate governance and financial reporting. There's probably also alot of material that you can copy if you want to. You can take a look in Accountancy magazine to see what are the current issues.
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Thursday, March 14, 2013
Which A Levels for Accounting?
Which A Levels for Accounting?
I want to choose Maths, Further Maths, Economics and Physics for A levels in Sixth form, I chose Economics, Physics and Maths over Accounting because Uni's encourage people with these subjects, altough thats what i have heard?Is it true?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
don't do accounting at A-level.... it'll put u at a disadvantage when applying for uni. for example, LSE discourages Accounting and Business A-levels for students applying for an accounting and finance course... do the further maths :P
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I want to choose Maths, Further Maths, Economics and Physics for A levels in Sixth form, I chose Economics, Physics and Maths over Accounting because Uni's encourage people with these subjects, altough thats what i have heard?Is it true?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
don't do accounting at A-level.... it'll put u at a disadvantage when applying for uni. for example, LSE discourages Accounting and Business A-levels for students applying for an accounting and finance course... do the further maths :P
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Thursday, March 7, 2013
What does Accounting Harmonisation mean?
What does Accounting Harmonisation mean?
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.termpapergenie.com/accounting_harmonization.html
Answer 2 :
The AASB has been directed to harmonise GAAP and GFS reporting into “a single set of government reports which are auditable, comparable between jurisdictions, and in which the outcome statements are directly comparable with the relevant budget statementsâ€. The AASB has interpreted this direction as follows: • Harmonisation is to apply to all public sector entities: o whole-of-government reporting by State, Territory and Commonwealth governments; o reporting by entities within the General Government Sector (GGS), such as Departments; and o local governments. Harmonisation does not mean the replacement of existing GAAP with GFS. Rather, the principle is “convergence to a high quality standard†with consideration being given to definition, recognition, measurement, presentation and/or disclosure requirements. This is a point of contention with some jurisdictions, as some jurisdictions consider that the outcome of this harmonisation project should be financial statements that materially match the financial information, or at least the key financial totals, published by the Australian Bureau of Statistics. This issue has yet to be fully resolved also:- Harmonisation does not require the AASB to develop standards for budgetary reporting.
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Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.termpapergenie.com/accounting_harmonization.html
Answer 2 :
The AASB has been directed to harmonise GAAP and GFS reporting into “a single set of government reports which are auditable, comparable between jurisdictions, and in which the outcome statements are directly comparable with the relevant budget statementsâ€. The AASB has interpreted this direction as follows: • Harmonisation is to apply to all public sector entities: o whole-of-government reporting by State, Territory and Commonwealth governments; o reporting by entities within the General Government Sector (GGS), such as Departments; and o local governments. Harmonisation does not mean the replacement of existing GAAP with GFS. Rather, the principle is “convergence to a high quality standard†with consideration being given to definition, recognition, measurement, presentation and/or disclosure requirements. This is a point of contention with some jurisdictions, as some jurisdictions consider that the outcome of this harmonisation project should be financial statements that materially match the financial information, or at least the key financial totals, published by the Australian Bureau of Statistics. This issue has yet to be fully resolved also:- Harmonisation does not require the AASB to develop standards for budgetary reporting.
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Friday, March 1, 2013
why is accounting referred to as a social science?
why is accounting referred to as a social science?
Economics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
This is a great question. Economics is a social science; accounting is a profession. Both seem to me to be about mathematics. I guess that economics is mathematics complicated by people and their social habits which is not predictable enough to experiment with in the scientific way.
Answer 2 :
I think that you are probably confusing 'Accountancy' with 'Economics'. The former is not a social science, whereas the latter, is. Economics, involves human behaviour and the choices they make. I was an Accountant, but, thank goodness, not an Economist, although Economics was included within our syllabus.
Answer 3 :
Because it is not an exact science (like physics or zoology). Many of the figures in a company's annual report are adjustable depending on the outcome the Chairman wants to present.
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Economics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
This is a great question. Economics is a social science; accounting is a profession. Both seem to me to be about mathematics. I guess that economics is mathematics complicated by people and their social habits which is not predictable enough to experiment with in the scientific way.
Answer 2 :
I think that you are probably confusing 'Accountancy' with 'Economics'. The former is not a social science, whereas the latter, is. Economics, involves human behaviour and the choices they make. I was an Accountant, but, thank goodness, not an Economist, although Economics was included within our syllabus.
Answer 3 :
Because it is not an exact science (like physics or zoology). Many of the figures in a company's annual report are adjustable depending on the outcome the Chairman wants to present.
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