Cost control strategies in organisations, Financial Management

Assignment Help:

1. List the common elements of a submission for a major resource acquisition (purchase)

2. What is the difference between: A fixed asset and current asset?

3. If you worked in a large organisation, how would you find out the procedure for making a recommendation on resource requirement?

4. What additional costs could be associated with acquiring resource?

5. How could you ensure that when resource arrives they are allocated and distributes promptly and where needed?

6. Why should people in organisations have access to information about the cost of resource?

7. What would be the costs to an organisation if they were to be impacted by

a) Resource shortage

b) Resource surpluses?

8. Describe the record help by most organisations which can keep track of resource.

9. Explain the importance of allowing staff to contribute to requests for resource acquisition

10.  Explain the cost control strategies, skills and knowledge you should call upon to make efficient use of available budget resource.


Related Discussions:- Cost control strategies in organisations

Explain in detail about the cost of capital, Explain in detail about the Co...

Explain in detail about the Cost of Capital Every type of capital used by the firm (preference shares, debt and equity) must be incorporated into the cost of capital, with rela

What are the internal audits, What are the Internal audits Internal au...

What are the Internal audits Internal audit is seen as independent from management who are devising and implementing internal controls and must be able to provide advice on in

Compare diversifiable and nondiversifiable risk, Compare diversifiable and ...

Compare diversifiable and nondiversifiable risk. Which do you believe is more significant to financial managers in business firms? Actually Diversifiable risk can be dealt with b

Stock valuation, Investors require an 11% return on a preferred stock that ...

Investors require an 11% return on a preferred stock that pays a $2.30 annual dividend.  What is the price

Report on acquiring the turbine machine in leaminger plc, REPORT To: T...

REPORT To: The Directors of Leaminger plc From: A business advisor Date: December 2002 Subject: Acquiring the turbine machine Introduction In financial

Profit maximization-objectives of a business entity, Profit maximization ...

Profit maximization Traditionally, this was considered to be the major goal of the firm. Profit maximization refers to attaining the maximum possible profits throughout the yea

Limitations of budgetary control, LIMITATIONS OF BUDGETARY CONTROL 1. I...

LIMITATIONS OF BUDGETARY CONTROL 1. It involves predicting the future which is not certain. 2. Market is continuously and dynamically evolving.  Hence budgets based on past

State about the net present value, State about the Net present value N...

State about the Net present value Net present value maximisation is superior to the profits maximisation as an operational objective. As a decision criterion, it involves a co

Objectives of financial services authority, Objectives of financial service...

Objectives of financial services authority FSMA provides four statutory objectives to FSA. They are: Market Confidence: Maintaining confidence in the financial system;

Define earning per share -eps, Earning per share Earnings per share (E...

Earning per share Earnings per share (EPS) are computed as profit attributable to equity divided by the number of shares in issue and ranking for dividends. EPS therefore repr

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd