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CASE STUDY: ECONOMIC VALUE ADDED
While ‘value’ is a general term, “value added” has specific meanings. I teach Management Accounting and when I say “What is value added?” most of the students would say that it is ‘adding a feature to a product’. It may be product...
14 commentsBig Business Benefits of Social Media Networking
I have often wondered why more businesses didn't utilize this phenomenon of Social Media Networking earlier rather than later. Business looking at social media, can no longer wonder at the seriousness of it's implications. It's time they took a serious look.
40 commentsManagerial Accounting - Investment Centers & Transfer Pricing
Zain Packages Ltd has three divisions i.e. Paper, Printing and Packaging Division. The company makes cartons, boxes, packets, bags and wrappers. If the company earns a profit, each of the three divisions would brag of its efforts. If the company...
13 commentsHow to run a Bed and Breakfast
When considering a potential business, many people ask how before they ask why. In my opinion, that is the wrong order. When you ask how, you often get caught up in the details of how and totally forget to ask...
6 commentsManagement Accounting - Responsibility Accounting
Planning & control are essential for achieving good results in any business. Firstly, a budget is prepared and, secondly, actual results are compared with budgeted ones. Any difference is made responsibility of the key individuals who were involved...
30 commentsFinancing of new products
On his retirement, Mehrullah took a flight to his hometown, Gwadar (Pakistan), with intent to settle there. He was filled with nostalgia as he remembered his childhood in the small dusty town now spiraled into a city. He had about US$150,000...
19 commentsThe Alternative Energy Car Debate
NEWS FLASH: My local California PBS station is playing "Who killed the electric car" and Huel Houser visiting electric cars on Thursday 1/14/10 check your TV guide. Some contend that: In the interest of sustaining the world as we know it, we may...
8 comments6 Things to Consider Before Getting a Franchise
If you are one of those who are planning to get a franchised business, consider first the six questions in this hub before you go and actually take the plunge.
7 commentsMANAGEMENT ACCOUNTING - VARIANCE ANALYSIS
Variance means difference while analysis means breakdown. In Cost or Management Accounting, variance would relate to difference between Standard and Actual Costs. Analysis would break this difference into...
6 comments10 AdWords Tips to Improve CTR, Improve Conversion and Drive Down Cost
Google AdWords tips for improving adwords performance in CTR, increasing conversion ratio and driving down the cost of your adwords campaign while maintaining improved sales and click throughs.
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