Rashid Javed - Articles

Why Study Management

You may be wondering why you need to study management. If you are an accounting major, a marketing major, or an major other than management, you may not understand how studying management may help you in your career. We can explain the value of studying management by looking at the universality of the management, the reality of work, and the rewards and challenges of being a manager. Read

By: Rashid Javed | 19/02/2009 | Management

Financial Accounting for Construction Contracts

Special financial and managerial accounting practices are employed for the preparation of accounts of construction contracts. Generally, payments are made on the basis of work certified by the contractee. Work certified generally includes some profit element also while work uncertified is always valued at cost to the contractor. Read

By: Rashid Javed | 28/01/2009 | Accounting

Financial Statement Analysis

Financial statement analysis involves careful selection of data from financial statements for the primary purpose of forecasting the financial health of the company. This is accomplished by examining trends in key financial data, comparing financial data across companies, and analyzing key financial ratios. Read

By: Rashid Javed | 19/01/2009 | Accounting

Financial and Cost Statements

An indispensable part of any system of accounting is programmed of periodical statements and reports to inform management of the current financial position of the business and of the progress made by, and the costs incurred for, each process, department and division. The number of statements and reports and their characters differ according to the requirements of management of each business enterprise. Read

By: Rashid Javed | 19/01/2009 | Accounting

Managerial Skills

Managers need certain skills to perform the duties and activities associated with being a manager. Research by Robert L. Katz found that managers needed three essential skills. These are technical skills, human skills and conceptual skills. Employees who are invaluable to an organization must be willing to constantly upgrade their skills and take on extra work outside their own specific job areas. There is no doubt that skills will continue to be an important way of describing what a manager does. Read

By: Rashid Javed | 04/01/2009 | Management

Functions of Management in Business Organizations

There are four basic and important functions of management in business organizations. These are planning, organizing, leading and controlling. Read

By: Rashid Javed | 04/01/2009 | Management

The Concept Of Variable Costing

Variable costing charges products with only those manufacturing costs that vary directly with volume. Only prime costs (direct materials and direct labor) plus variable factory overhead expenses are assigned to inventories, both work in process and finished goods, and to the cost of goods sold. Read

By: Rashid Javed | 21/12/2008 | Accounting

Zero Based Budgeting

Zero based budgeting is a budget-planning procedure for the reevaluation of an organization's program and expenditures. It requires each manager to justify the entire budget request in detail and places the burden of proof on the manager to justify why authorization to spend any money at all should be granted. It starts with the assumption that zero will be spent on each activity-thus the term "zero base". Read

By: Rashid Javed | 20/12/2008 | Management