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Custody business management
Deposit Management
Deposit management is an important factor in the financial industry. The effect of deposit management on a bank’s operations, its development, and its profits is well-known in the banking sector. Banks need to evaluate the amount of deposits they may accept to ensure that capi......
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Sophia
fixed cost control system
Fixed Cost Control System
In an organization, control over the use of resources is critical to the success of the business. To this end, one of the ways that companies can control costs is through the use of a fixed cost control system. A fixed cost control system is a tool that organizations use......
Periodic Statistical Report
Fiscal periodicals have grown in importance over the last several years as they provide insight into the current state of the economy and other related topics. For this reason, it is important to keep a detail log of fiscal periodicals and review them regularly. Furthermore, having a specific form......
Process Synchronization
Process Synchronization
In computing, process synchronization is the coordination of the activities of multiple processes in order to ensure that the processes are working as expected. This coordination of processes is necessary for a successful computer system as it prevents conflicts or races b......
cost accounting
Cost accounting
Cost accounting is the process of measuring, recording and analysing the costs associated with activities, products and services within an organisation. It is a valuable tool for businesses of any size, providing managers with the financial information they need to make decisions,......
cost check
Cost Management Overview
Cost management is an important part of any business or organizational strategy. Cost management is defined as the practice of controlling costs in order to ensure that the most is made of the available resources. It applies to every aspect of a business, from purchasing ......
cost responsibility flow
Cost Responsibility Flow
In todays world, more than ever, it is essential for business owners to be aware of their cost responsibility flow. This is a term used to describe the various components involved in correctly accounting for business costs. Understanding the flow of responsibility in mana......
Cost Center
A cost center is a segment of a business that does not directly contribute to profits, but which expenses must be tracked in order for the business to determine where money is being spent. Examples of cost centers in a business are departments such as human resources, sales, marketing and administ......
successful management model
Creating Effective Management Models
Good management models are essential for a business to be run efficiently and reach its full potential. Creating an effective management model takes research, planning, and implementation. This article will discuss the different components of creating an effe......
double entry bookkeeping
Double Entry Accounting
Also known as double entry bookkeeping, double entry accounting is an accounting system that records each financial transaction into at least two different accounts. This system allows for the well-organized structure of a company’s finances, helping management better und......
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