Accounting case Essay Example | Topics and Well Written Essays - 250 words

Accounting case - Essay Example les and production department, the department could not complete the order based on standard costing since there were significant labor cost variations which would then be assigned in the department’s budget. Labor also worked over time which added to the costs of the department, leading to a production batch that was more expensive than other regular batches (Caplan, 2012). One of the key ways that most organizations use to manage their costing systems is to use a standard costing mechanism and use flexible budgeting in order to cater to such variations which are inevitable in such organizations where some orders may come in for rush production. With flexible budgeting, the variations between actual and budgeted costs are utilized to evaluate futuristic trends and seasonable patterns. In this manner, the organization can use not only the same standard costing mechanisms but also flexible patterns in order to help predict how costs may vary in case of such non standard practices like overtime production, or production in shorter timelines (Caplan, 2012). Caplan, D. (2012). Management Accounting: Concepts and Techniques. Retrieved June 27, 2012, from Oregon State University:

Project Management Essay Example | Topics and Well Written Essays - 1500 words - 5

Project Management - Essay Example Enterprise holdings has positioned itself as one of the leading transport companies in the world but is facing increasing competition. This calls for constantly enhancing the capacity of its workforce so that they can deliver quality services that exceed the customer’s expectations and overcome the challenges in the transport industry. Objectives The following objectives will guide the project team in achieving the mission of this this project and ultimately contributing to the success of Enterprise holdings at different phases of the project implementation cycle: 1. To review and evaluate current training in the Northwest. 2. To develop and expand the training initiative to all branches of Enterprise holdings in the United Kingdom. 3. To develop an effective training curriculum and training programmes to be used by Enterprise holdings in the United Kingdom. 4. To train all Enterprise holdings staff on emerging trends in the transport industry. While these are the pre-set obje ctives, the successful implementation of the project could also lead to other unforeseen objectives and benefits. Stakeholder analysis A project of this magnitude requires the participation of qualified personnel from outside the company with the necessary expertise and experience. ... Participating in monitoring and evaluating the success of the employee training program. Trainers Developing the training content as well as facilitating the training of employees Enterprise holdings Provision of training venues and equipment as well as financing the training exercise. Professionals in the transport industry Identification of aspects of emerging trends and practises in the industry that the staff need to be trained on. Employees To identify areas where they need to be trained on and to attend the training sessions. Project coordinator Leading the project team in planning, implementing and monitoring the training exercise. Also documents and reports on project activities. External monitoring and evaluation expert In collaboration with the project team, he will assist in determining if the objectives of the project have been met and making recommendations on areas that may require additional training. All the identified stakeholders will be contacted in time and will b e engaged in developing the implementation plan for the project. Measuring success Regular assessments will be made to know if the project is on course to achieving its goals. A combination of tools and techniques such as observation check list, questionnaires and interview guides will be used in determining the success of the program. The success of the employee training programs will be measured through a monitoring and evaluation exercise at different stages of the project. This will make it necessary for appropriate modifications to be made on the project implementation if it is determined that the project is not on course to achieving its goals and