Accounting department

Factory workers on each of the worked shifts Consider the arrangements for holidays Quantify work contracted to outside organizations Work contracted out is usually difficult to quantify. The accounts department will probably have records of the cost of such work and this can be employed to provide an indication of the significance of the work in relation to the operations within the company. 

The hardware should be dedicated to the maintenance department, as they then have access to the maintenance programs as and when necessary. Systems are implemented whereby the software is loaded onto the company in-house hardware, which can lead to periods when access is limited by other demands on computer time (e.g. accounts departments). The ideal situation would be for the maintenance department to have their own computer, with the back-up facility provided by the in-house computer, thereby ensuring that copy is held. 

This family of software systems is best built with pluggable components. Some of this partitioning will allow behavior to be changed easily by plugging in alternative components other partitioning will reflect the fact that operations and accounting departments are distributed to different rooms and use different computers. 

After the dye house has found a dye correct for tint and color strength, the dye goes to the package store from which it is withdrawn for the market. The management, accounting department, and plant chemist are informed and attention is directed to any special facts, such as good or bad yield and tint, etc. When these data are filed on a product, either a dye or an intermediate, the function of the industrial chemist comes to an end. 

The cost analysis of a product in the dye industry is always made by the accounting department which receives, from the various plants, daily, weekly, or monthly reports contaimng the data necessary for accurate calculation of costs. The accountant holds a confidential position and is one of the key men in the dye factory. 

Before a product goes into plant production, it is submitted for cost analysis by the accounting department. The necessary data are supplied by the laboratory director and the plant engineer. An example is given later in Section P, showing how the price of a dye is arrived at. 

The wages are determined from the time sheets of the workers which are checked by the factory foreman. The plant chemist should concern himself as little as possible with these administrative details, since they interfere with the chemical matters for which he is responsible. He keeps the chemical records and once a week, at least, the records are turned in, over his signature, to the accounting department. 

A financial statemenf is a reporf developed by the accounting department for both internal and external users. Numerous statements are developed by way of journal and ledger enfries. However, a firm uses four major financial statements to report its financial condition ... 

Raw material and logistic consumption data Feedstock, energy, and water consumption records are important. Possible source of records of feedstock consumption can be available from stores and accounts department. Water usage can be obtained from water meters or bills, and energy usage from energy bills. 

A.A.R. Freight Commodity Classification (1947 and Supplements). Accounting Department,... 

I.C.C. Accounting Classifications for Steam Railroads. Accounting Department, Association... 

Utilities. The utility requirements for a process are obtained from both a material and energy balance. The unit costs for each utility may be obtained from plant expense sheets, the accounting department, or a utility superintendent. These costs often increase continually, so they should be reviewed frequently. Utilities are usually steam (high-, medium-, and low-pressure) and their associated unit costs, electricity, natural gas, cooling tower water, and treated or city water. Sometimes instrument air, demineralized water, and refrigeration are considered utilities if they come from a central source and are not tied to a given process. 

In practical application, the calculation of the Btu reduction factor can be facilitated by modem computers and data processing systems by providing for the input of either the measured water vapor content or the iiqiutting of the temperamre and pressure values with the subsequent lbs H2O/ MMSCF calculation. These values can then be picked up by the Gas Accounting Departments to calcnlate the MMBtu corrected for water vapor at As Delivered conditions. 

New customers, price changes, computer program updates, new employees in the Accounting Department. 

A P chart example deals with a situation where a constant subgroup size is appropriate. The manager of the accounting department of a company decided to gather information on the absenteeism of her 90 employees. Each day for one month, the number of employees who were absent and whether their absence was unexcused was noted. Table 2 contains the data collected during that month. 

The internsd elements of cost details making up the estimate are primarily obtained from the accounting department. Cost accounting is the function that collects actual cost data on the various internal elements needed to develop the estimate. Listed below are the primary elements of a cost estimate and a brief description of each. 

Many companies list general and administrative costs as part of overhead. Other companies list these elements separately. Usually G A are added to the estimate in the form of a percentage factor developed in the organization. As part of this category, such items as sales commissions and top executive salaries might be included. These costs are provided by the accounting department and not... 

Profit that must be obtained from the product must be included in the cost estimate. This margin above production cost is provided by the marketing and accounting department and by top management. 

If payment terms were written into the contract, the purchasing department needs to follow up with the accounting department to make sure that checks are being mailed in a timely manner as agreed upon. 

Step 14. The ITS verifies Customs duties owed and requests duty check from the Accounting Department unless paid by Automated Clearing House (ACH). Duty Checks are sent to the CHB for submission to U.S. Customs within the time frame set by regulations. 

To calculate the net present value (NPV) of an investment, a firm s accounting department estimates the firm s minimum desired rate of return. This is used to discount the cash flows above. For the cash flow example above, if we assume that the minimum desired rate of return for that firm is 10%, then the cash flow for each period is multiplied by the present value of a dollar for that period (i.e., P = S/(l -F r)° where S = 1, r is the interest rate or the desired rate of return, and n is the number of periods in the future) to find the present value of that cash flow. This is shown in Table 3.2. 

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