Target Costing Target Costing – Involves setting a target cost by identifying target selling price and then deducting the required profit margin to reach a target cost. There are the following seven steps to implement target costing Product specification : determine a product specification of which an adequate sales volume is estimated. Target selling price: we will decide a target
Continue reading Job Description and Requirement for Tax Manager Tax position is the most sensitive position for candidate or employee, so below are job description, responsibility and requirement that we should learn and understand about it clearly. Job Description for Tax Manager • Monitoring a system of controls, procedures, legal and tax compliance for all assets related. • Maintaining and overseeing project-related
Continue reading Job Description and Requirement for Credit / Loan Officer Job responsibility and requirements are important for credit / loan officers, so they should know what they will do or HR Department will state in employment contract . Below are job descriptions and requirements for credit officers. Job Description for Credit Officer Develop and generate sales opportunities with both new and
Continue reading Job Description and Requirement for HR & Admin Manager Candidates should know how to write CV / Resume for job respo9sbility of HR and Admin position. HR Department will announce to recruit candidates for HR and Admin Manager, so we should know what we will write in job description and requirement for this postion. Job Description for HR and Admin
Continue reading Job Description and Requirement for Marketing Manager If candidates want to make effective CVs, they should write job description related with marketing manager. Also HR Department make job announcement including job description and requirement below. Below are job description for marketing manager should have: Managing all marketing for the company and activities within the marketing department. Process marketing strategy for
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How to Record Account Receivable (AR) Account Receivable (Trade receivables) arise when a business makes sales or provides a service on credit. Recording Account Receivable as follows: Credit Sale If company made sale on credit, the entries are as follow. Dr. AR…………………xx Cr. Sale…………………..xx (Merchandising or manufacturing company normally use word “Sale”) Dr. AR……………….xx Cr. Service Revenue…….xx (Service Company normally uses
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Accrued Expense | Accrual An accrual Expense ( accrual) is an expense that has been incurred, but we have not received an invoice. We will receive invoice next accounting period. Accounting standard required company recognize expenses incurred even if invoice are not received or payment. Accrual is liability. For simple example, your company use electricity for December 2017, but electricity
Continue reading Job Description and Requirement for Secretary Below are job description, responsibility and requirement that candidates and HR department should know. Job Responsibilities: Prepare and create document Note management meeting Schedule Management Prepare report for vice president Make report for management meeting Plan,monitor and organize event where needed Remind Directors for important task and its deadline Type, compile and prepare report
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Withholding tax on service for resident physical person Any resident taxpayer carrying on business and who makes any payment in cash or in kind to a resident physical person, so taxpayers need to withhold tax before payment if resident physical persons provide services to taxpayers. This tax is withheld on service, but not goods or product. Example 1 Mr. A
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All Depreciation Methods for Fixed Asset | Non-Current Asset After you read this article, you will know all depreciation methods. There are many depreciation methods such as straight-line, declining-balance, double declining balance, units-of-production and sum-of-the-years’ digits. Each depreciation method that can be used is based on actual physical usage or nature of the fixed asset. Example 1 Assume that
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