Month: February 2022

Integrated accounting systems refer to the accounting system where a single set of accounts are prepared. Financial accounts are prepared for individuals external to the firm while management accounts are prepared for the management to help them in planning, controlling Read More …

It can apply for any type of business- manufacturing, retail or service, big or small. With a value chain, efforts can be optimized, waste eliminated and profitability improved. Value chains help breakdown all the activities that go into producing a Read More …

Flexibility in maintaining account is possible It leads to quick preparation of accounts and makes available the accounting statements and records on time It ensures control over accounting work and records Errors and mistakes would be at minimum in computerized Read More …

HUMAN RESOURCE POLICY AREAS Human resource policies can be expressed as overall statements of the philosophy of the organisation and of its values. The overall policy defines how the organisation fulfils its social responsibilities for its workers and sets out Read More …

THE AIMS OF HUMAN RESOURCE POLICIES Enable the organisation carry out its set objectives in the desired manner. i.e. Policies create order. Ensure employees are informed of the expectations of the employer. Protect common interests of all parties in the Read More …

HUMAN RESOURCE POLICIES DEFINITION: These are continuing guidelines on the approach the organisation intends to adopt in managing its employees. Policies define the philosophies and values of the organisation on how people should be treated. It is from these policies Read More …

Implementing through JIT procedures can involve a major overhaul of your business systems – it may be difficult and explain to introduce JIT manufacturing opens businesses to a number of risks notably those associated with your supply chain with no Read More …

Reduced inventory levels: JIT purchasing facilitates reduction in inventory levels and the associated inventory holding costs Improved lead: Time reliability compared to traditional purchasing approaches, delivery lead time under the JIT system is considerably shorter. This implies higher levels of Read More …

Difficult people do exist at work. Difficult people come in every variety and no workplace is without them. How difficult a person is for you to deal with depends on your self-esteem, your self-confidence and your professional courage. Dealing with Read More …

It is easy to work with people you like, and it is even easier to work with people who like you. But that’s not always the case. Sooner or later, you’ll have to deal with a difficult customer. Difficult customers Read More …