The distinction between traditional and innovative accounting practices is illustrated with the visual timeline (see sidebar) of managerial costing approaches presented at the Institute of Management Accountants 2011 Annual Conference. Traditional standard costing (TSC), used in cost accounting, dates back to the 1920s and is a central method in management accounting practiced today because it is used for financial statement reporting for the valuation of income statement and balance sheet line items such as cost of goods sold (COGS) and inventory valuation. Traditional standard costing must comply with generally accepted accounting principles (GAAP US) and actually aligns itself more with answering financial accounting requirements rather than providing solutions for management accountants. Traditional approaches limit themselves by defining cost behavior only in terms of production or sales volume. In the late 1980s, accounting practitioners and educators were heavily criticized on the grounds that management accounting practices (and, even more so, the curriculum taught to accounting students) had changed little over the preceding 60 years, despite radical changes in the business environment. In 1993, the Accounting Education Change Commission Statement Number 4 calls for faculty members to expand their knowledge about the actual practice of accounting in the workplace. Professional accounting institutes, perhaps fearing that management accountants would increasingly be seen as superfluous in business organizations, subsequently devoted considerable resources to the development of a more innovative skills set for management accountants.
Another accounting practice available today is resource consumption accounting (RCA). RCA has been recognized by the International Federation of Accountants (IFAC) as a “sophisticated approach at the upper levels of the continuum of costing techniques”The approach provides the ability to derive costs directly from operational resource data or to isolate and measure unused capacity costs. RCA was derived by taking costing characteristics of GPK, and combining the use of activity-based drivers when needed, such as those used in activity-based costing.
A modern approach to close accounting is continuous accounting, which focuses on achieving a point-in-time close, where accounting processes typically performed at period-end are distributed evenly throughout the period.
Rkce acdemy takes pride in announcing the course of computer of high standard teaching Now a days whole world moving towards development, in this way computer play is most important role. In recent future computer will become more useful. We can feel the necessity of computer in all fields. In this developing era, mental development of kids is too good. Establishment of this Institute has been done to achieve the motto of “REALKEEPER TECHNOLOGIES”, through which computer education can provided with favorably syllabus.
We offer training programs for student to new technologies or just brush up the existing one with different area of scope.
Students develop good personal relationship with the teachers and old alumni regularly visit our institute.
practical training is part of the student’s studies, it’s well-planned and supervised.
Personality development Program; seminar on future trends co-operative C.A & Tax consultant facilities
Websites built on common applications like WordPress, Joomla, Drupal, Magento
Websites built on popular development stacks like LAMP, LEMP, MEAN, Node.Js
Websites that are unlikely to scale beyond 5 servers
Customers who want to manage their own web server and resources
Customers who want one console to manage their web server, DNS, and networking
As a business, if you are not blogging, you are missing out on a valuable touch-point for existing customers, potential clients, and industry peers. Corporate blogs have become the most effective channel to promote your products and services and even announce a new launch and initiatives. The blog will become a cost-effective brand building and image enhancing tool. You can undertake public relations campaigns or comment on a social cause using the blog. They are a great way for your business to show a personal side to the world. In addition to having a method of reach prospects, a blog allows you to create fresh content on a regular basis – and search engines love fresh content! A properly designed and maintained blog gives search engines exactly what they want, and gives you a higher search engine ranking and exposure to your most likely customers.
The User Administration tool allows Nexis®UK customers to manage their own user accounts without assistance from customer support. … Manage limited subscriptions by suspending, reactivating, and permanently deactivating user IDs. Change the way users interact with the product by assigning users to preference group Oracle User Management. User Management. Everything in oracle requires privileges which can be granted, oracle is based on giving the least amount of privilege. The main aspects of Oracle security management are. Controlling access to data (authorization)
Receipts and proof of purchase. A receipt or proof of purchase is a document that you provide to your customers as record of their purchase of your goods or services. A receipt can be in the form of a tax invoice, or a printed cash register or hand written receipt. Yes and no. You usually only need proof of purchase when goods are faulty; so abank statement or other proof can take the place of a receipt. If it’s not faulty, you have no rights, therefore if store policy says a receipt’s needed, it’s needed.
E–Way Bill is the short form of Electronic Way Bill. … When e–Way Bill is generated, a unique e–Way Bill Number (EBN) is made available to the supplier, recipient and the transporter. The e–Way Bill replaces the Way Bill, which was a physical document and existed during the VAT regime for the movement of goods. It was used to monitor movement of goods to/ from a state in order to check tax evasion. A way bill is typically required to accompany goods on their movement from consignor to consignee. … It is generated electronically on the e–way billportal. Since imports and exports have been considered as inter-state supplies under the GST act, the e–way bill is required to be issued for these transactions as well. For imports, the e–way bill will be generated by the importer. The exporter is liable to generate the e–way bill for export supplies. Cases When E–way Bill is Not Required. E–way Bill or Electronic Way Bill is a document or bill that can be generated electronically on E–way Bill portal by a consignor for movement of his goods from one place to another place; it can be within the state or outside. The E–way bill, an electronic system, has to be generated by traders when they have to move their goods within the state or outside. … The intra-state transport E–way bill limit will be revised (from the current Rs 50,000) to Rs 1 lakh,” he told the gathering. E–Way Bill is the short form of Electronic Way Bill. It is a unique document/bill, which is electronically generated for the specific consignment/movement of goods from one place to another, either inter-state or intra-state and of value more than INR 50,000, required under the current GST regime
Inventory management software is a software system for tracking inventorylevels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. 4 types of inventory Generally, inventory types can be grouped into four classifications: raw material, work-in-process, finished goods, and MRO good
inventory management systems
Perpetual Inventory System. … Periodic Inventory System. … Barcode Inventory Systems. … Radio Frequency Identification (RFID) Inventory Systems.
inventory value. Determination of the cost of unsold inventory at the end of an accounting period. Inventory is valued usually at cost or at the market value, whichever is lower. The four common valuation methods are first-in, first-out (FIFO), last-in, first-out (LIFO), average cost (AVCO), and specific identification …
Computer literacy in India is said to be the minimal and basic knowledge of computers that includes elementary skills of programming. Anyone who is comfortable with basic computer programs and other ground level computer functions can be called a computer literate.
The phrase ‘Computer literacy’ holds a completely new definition in the developing third world countries. What is appalling is that in these nations less than half the population is acquainted with computers. While in the first world countries, the economy is developing faster because of the immense progress in the world of science, technology and information practice, the developing nations are yet to be aware of the same. Recent surveys have revealed shocking results that show that computer literacy in India is less than 7%, like many other nations. Many claim to never having heard of or seen a computer, let alone be comfortable with computer programming.
Computer literacy, experts have argued, is not only important but necessary. It should be given as much importance as providing food, shelter and clothing, because computer literacy is the foundation for a progressive and developing nation. The most revolutionary step taken up in this direction has been the Hole In The Wall Experiment by Prof. S.Mitra, who has proved through his experiments that the unprivileged lot can acquire computer literacy without any strict and proper guidance if they are provided with the basic learning tools. Computer literacy is the only way for India to walk towards a global change. It is promising and can completely change the picture of rural India.
Computer Literacy in India with the help of initiatives like the Hole In The Wall Experiment can create positive outcomes.
If a chain of computers are set up in the rural areas, people will be able to access and hence gain computer knowledge. It can help increase computer literacy as well as help the villagers aspire for better jobs and employment facilities.
For children and adults alike, computer literacy can help them improve and hone their skills in mathematics, basic calculation and also English.
Many children cannot follow what is being taught to them in the village schools. Some have problems understanding English, the medium of language they are taught in. This has led to a huge number of cases of dropouts. Computer literacy, as surveys have pointed out, have reduced dropout rates at primary education level.
Computer education has been proven to spark the interest towards learning in children of 6 to 15 years of age. This has led to better attendance in schools and education centers.
Most of the villages still do not let their girls learn. Girls are supposed to stay at home and help their mothers in the kitchen or work in the fields. These kinds of initiatives that pay attention to both genders alike are the only way for these girls to attain education.
Basic education and counselling programs also work towards improving the mindset of the children and can prevent them from getting involved in petty crimes.
Science and technology needs to be thought of as a tool for reformation in the developing nations like India. Computer literacy is India’s only way make a place for itself in the times of mechanization and globalization.
Eliminate bottlenecks and streamline your process from sales quotes to approved orders, successful orders to order fulfillment, and timely invoicing to payment. enterprise resource planning systems Create Cash Sales Create cash sales receipts in multiple currencies to give to your customers as a payment record. Also compatible with POS printers.
enterprise resource planning
Create Sales Order
Easily create sales orders for your customer, including payment terms and complete sales information, as in customer quotation and purchase orders.
create Invoice Generate automated sales invoices including calculating sales tax, finance charges and discounts based on payment terms-either on a one-time or on a recurring basis.
create credit note
Generate a “Credit Note” for customers to use against sales invoices, if you need to refund your customers on a credit basis in order to get a refund in purchases.
enterprise resource planning
Sales and Billing Management incorporates the records of all products and services supplied to customers and maintains the history of all past transactions associated with them. To make things trouble free, Deskera Sales & Billing Management organizes these by grouping various products in a single invoice for customers.
Deskera Sales & Billing Management/Financials comprehensively covers the entire Sales/Billing management cycle by allowing you to place a sales order, generate an invoice, and receive a payment. The linking of an invoice and a sales order gives you an insight into the sales process. It also provides a refund facility for customers on a credit basis through the ‘Credit Note’ function. Deskera ERP System can seamlessly handle ‘blanket sales’ orders for products that are purchased in installments and delivered over time.
Working in a big industry is a cumbersome task itself. The hierarchies you follow differ, so does the processes. Two enterprises might be working on similar product lines, but the way they carry out their business activities may vary.
In-house functioning of an enterprise is unique to its environment and asking for solutions that cater your unique problems is not a crime. Shying away or adjusting to solutions lead to degrading results.
You must be wondering these are our words. But to your very surprise, it is not us who are saying this but one of our reputed clients from India explained during our one on one sessions.
Well, as we have said already, your wish is our command. Our one-on-one sessions were quite extensive and helped us learn our client’s problems elaborately.
Invoices that could be used as gate pass within the three branch factories. An invoice template that was as short as a postcard. Printing bulk invoices at the same time. Creating invoices in more than one languages. Need for dynamic numbers for invoices. Need for dynamic reports for analysis.
With all the needs in our list, we went forward in our labs of invoicing software to creating a perfect self-hosted solution of online invoice software. With days of mapping the perfect solutions, we finally started on our journey of codings and creating the live invoice software.