As social media and search engines become more intelligent and prevalent, companies are battling the image that others outside the organization see as well as what employees feel. Entrepreneur Magazine even said that, “Company culture is more important than ever. It’s not that company culture was ever unimportant, but it’s quickly proving to be a
It’s that time of year… There’s so much going on and it’s becoming difficult for you to stop and breathe. Kids are finishing up school, which entails end-of-year parties, standardized testing, and projects. Businesses are pushing to boost sales as the end of the second quarter quickly approaches. Summer vacations are booked. You may feel a
See Also: Porter’s 5 Forces of Competition Core Competencies How to Write an Action Plan How to Turnaround a Company SWOT Analysis The SWOT Analysis – an acronym standing for Strengths, Weaknesses, Opportunities, and Threats – assesses a company’s competition in the desired field or market. This analysis serves as an excellent tool for decision-making, either
See Also: Standard Costing Example Process Costing Activity Based Costing vs Traditional Costing Absorption vs Variable Costing Implementing Activity Based Costing Cost Driver Budgeting 101: Creating Successful Budgets Analyzing Your Return on Investment (ROI) Product Pricing Strategies Standard Costing System In accounting, a standard costing system is a tool for planning budgets, managing and controlling
See Also: Pro-Forma Financial Statements Retained Earnings EBITDA Operating Income (EBIT) Financial Ratios Proforma Earnings Definition Pro forma earnings are a company’s earnings that exclude rare, extraordinary, or nonrecurring items. Companies may incur expenses that do not reflect typical operating expenses. These expenses, which must be disclosed in financial statements in accordance with GAAP standards,
Responsibility Center Definition In accounting, a responsibility center refers to an organizational subunit in a corporation. For instance, a large corporation may consist of numerous smaller business groups or divisions, some or all of these organizational subunits could be set up as responsibility centers. The manager of a responsibility center is responsible for the activities
See Also; What is a PEO? Advantages of Professional Employer Organizations How to Select a PEO PEO Compared to Outsourcing Payroll National Association of Professional Employer Organizations Professional Employer Organization FAQs | PEO FAQs Refer to the following Professional Employer Organization FAQs for more information about PEOs. What Kind of a Business Uses a Professional Employer
See Also: Earnings per Share (EPS) Price to Book Value Ratio Price to Sales Ratio Return on Equity Analysis Preferred Stocks (Preferred Share) Action Plan Price Earnings Ratio Analysis Definition Price earnings ratio (P/E ratio), defined easily as an indicator of how much investors pay for a share compared to the earnings a company generates
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
See Also: Restructuring Expense ProForma Financial Statements Nonrecurring Items In accounting, report abnormal or infrequent gains or losses in the company’s annual report as nonrecurring items. They are rare events or activities that are not part of the company’s normal business operations. They may also be called extraordinary items. You must disclose the details of
See Also: General Ledger Reconciliation and Analysis Disclosure of Accounting Changes Accounting Principles Accounting Concepts Subsidiary Ledger Ledger Account Definition A ledger account, defined as the report which includes changes in balance sheet line-items, is an extremely valuable tool in accounting. These account numbers are separate from the balance sheet despite the fact that it
See Also: Raise Inventory Turnover Ratio Economic Order Quantity LIFO vs FIFO Financial Ratios Days Inventory Outstanding Inventory Turnover Ratio Analysis Definition Inventory turnover ratio, defined as how many times the entire inventory of a company has been sold during an accounting period, is a major factor to success in any business that holds inventory.
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