What are the advantages of introduction of costing system in an industrial organisation?
Question:
What are the advantages of introduction of costing system in an industrial organisation?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (4 reviews)
The introduction of a costing system in an industrial organization offers several advantages that contribute to improved financial management decisionmaking and overall operational efficiency Here are ...View the full answer
Answered By
Mark Odhiambo Odero
As a Bachelor of Education graduate from KIbabii University and an assistant lecturer at JKUAT, I have gained extensive experience and developed professional qualities that make me a great candidate for an academic writer at SolutionInn.
Firstly, I have a strong passion for education and tutoring. This passion has motivated me to pursue a career in education and has helped me to become an effective educator. I believe that education is the key to unlocking the potential of individuals, and I am committed to helping students achieve their full potential. My passion for education has also helped me to stay up-to-date with the latest developments in education and teaching methodologies.
Secondly, I possess excellent communication skills. Communication is an essential aspect of education, and as an assistant lecturer, I have developed effective communication skills that have helped me to interact with students, colleagues, and senior lecturers effectively. I am able to communicate complex ideas in a simple and understandable way, and this has helped me to build strong relationships with my students.
Thirdly, I have strong organizational skills. As an assistant lecturer, I am responsible for preparing course materials, grading assignments, and keeping track of student progress. These responsibilities require a high level of organization and attention to detail, and I have developed effective organizational skills that enable me to manage these tasks effectively. These skills will be useful in my role as an academic writer at SolutionInn, where I will be required to manage multiple projects and meet tight deadlines.
Fourthly, I am a self-motivated and proactive individual. I take the initiative to identify problems and find solutions to them, and I am always willing to go the extra mile to ensure that I deliver high-quality work. I am also a fast learner and can adapt to new situations quickly, which is essential in the fast-paced world of academic writing.
Lastly, I possess excellent research skills. As an academic writer, research is an essential aspect of my job, and I have developed effective research skills that enable me to find relevant and reliable information quickly. I am also proficient in using various research tools and software, which will be useful in my role as an academic writer.
In conclusion, my professional qualities make me a suitable candidate for an academic writer at SolutionInn. I am passionate about education, possess excellent communication and organizational skills, am self-motivated and proactive, and have excellent research skills. I believe that these qualities will enable me to deliver high-quality work and help students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What are the advantages for an organisation of creating an effective CPM system?
-
What are the advantages of an ERP system over the legacy MRP system?
-
What are the advantages of a computerized payroll system over a manual system?
-
public class Class extends ClassA public classB ( ( Time left 0 0 : 1 2 : 0 3 int init = 1 0 ; super ( 4 0 ) ; O a . . The method super is not defined. b . . No values may be passed to super. O c . ....
-
Fowlers Farm is a 1,000-acre dairy and tobacco farm located in southern Virginia. Jack Fowler, the owner, has been farming since 1982. He initially purchased 235 acres and has made the following...
-
Refer to the data in Exercise 9.15. Data in 9.15 Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected...
-
The square conducting loop in Figure P29.24 lies in the \(x y\) plane of an \(x y z\) coordinate system. The loop is in a uniform magnetic field that points in the positive \(z\) direction and is...
-
Buhl Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2014, the following balances relate to this plan. Plan assets ......... $480,000 Defined benefit obligation ......
-
QUESTION FOUR The increasing demand in risk management on the part of organizations has been identified as a general societal trend emphasizing public accountability and responsibility. State and...
-
Mention the factors which should be considered in installing a costing system in an organisation.
-
''Limitations of financial accounting have made the management to realise the importance of cost accounting''. Comment.
-
Do followers make a difference in whether a leader is effective? Discuss.
-
The following information was recorded during the month of May by the central warehouse of Stores Co. The warehouse issues goods to retail outlets owned by Stores Co. to allow the retail outlets to...
-
The following extract discusses whether companies should give away their products free when the marginal cost of production is relatively high. Giving products away free, from browsers to newspaper...
-
Look back at the data of Table 5.11. Before turning to the answer in Table 5.13 attempt to write out the profit calculation under marginal costing. Add a note of narrative explanation to each line as...
-
This extract from a newspaper article discusses the full cost of absorbing operating costs. TRANSPORT group Go-Ahead expects a hit to profits from its bus business after failing to recover 2.5m of...
-
What are the main points of difference between traditional overhead cost allocation and activity-based costing?
-
Transactions (a) through (e) took place in Stoney Heights Private Hospital during the year ending December 31, 2011. a. Gross revenues of $5,000,000 were earned for service to Medicare patients. b....
-
Information graphics, also called infographics, are wildly popular, especially in online environments. Why do you think infographics continue to receive so much attention? How could infographics be...
-
How can sensitivity analysis be incorporated in DCF analysis?
-
How can sensitivity analysis be incorporated in DCF analysis?
-
How can sensitivity analysis be incorporated in DCF analysis?
-
Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Daan Corporation wholesales repair products to equipment manufacturers. On April 1, 2016, Daan Corporation issued $7,600,000...
-
Scaffolding is to be constructed on a wall of a three-story building in order for masonry rehabilitation work to be performed. The surface area of the wall to be scaffolded has been measured at...
-
he load trace will involve the framing for a small deck addition to a residence. Live load = 55 psf Decking = 5 psf Beams = 10 plf Please round to the nearest one-tenth (i.e., 0.1). Determine the...
Study smarter with the SolutionInn App