Activity-Based Costing for Accurate Business Decisions
Costing Methods for Decision Making
Key Considerations:
- The challenge with traditional costing methods (Absorption and Direct) lies in distributing fixed costs to the product cost.
- Raw materials should always be allocated directly to the product or process.
- Regarding labor, its allocation depends on the company type. If the business is labor-intensive, it is typically allocated directly to the product or process.
- Furthermore, these traditional methods often function merely as accounting procedures, disconnected
Environmental Impact Assessment and Self-Regulation
Evolution of Environmental Impact Assessment (EIA)
Preventive Purpose and Strategic Environmental Framework (EAE)
EIA: A Preventive Approach
EIA is preventive-oriented because:
- It assesses the potential environmental impacts of a proposed project before execution. It’s designed to inform decision-making and mitigate or eliminate potential environmental changes.
- It’s a legal-administrative procedure that begins with the developer’s summary report, followed by consultations with individuals and institutions,
Understanding Business Assets and Financial Statements
Accounting Treatment of Information
Economic accounting studies business assets, standards, and scientific fundamentals. It is based on the records of the economic information of the company.
This is done statically, by observing heritage at one time, and dynamically, as variations occur over time.
Accounting provides information so the company’s management can make more informed decisions.
The company’s goal is to provide economic information to different levels and types of users within the company
Read MoreFundamentals of International Trade Logistics and Transport
WTO Trade Principles
Key principles governing international trade according to the World Trade Organization (WTO):
- Non-discrimination: Equal treatment between countries.
- Environmental Protection: Consideration for environmental sustainability.
- Transparency: Clear and accessible trade rules and regulations.
- Avoiding Trade Barriers: Reducing obstacles to international trade.
- Competitiveness: Eliminating unfair practices to ensure fair competition.
International Freight Transport Characteristics
- Longer distances
Concrete Measurement and Construction Bidding Essentials
Concrete Measurement and Volume Calculation
Concrete is measured by volume. The volume excludes space occupied by embedded armor pipes. Volume measurement applies to glazed tiles, ceilings, and radierer. Deduct spans (doors and windows) from areas greater than 0.05 m2.
Concrete scaling must be done on a separate line for each structure type and concrete type.
Types of Concrete and Structure
H20/H25/H30: Walls, Pillars, Beams, Slabs, Foundations, etc.
Foundations, Radierer, Emplantillados, and Floors
- Foundations:
QFD, FMEA, and Poka-Yoke for Enhanced Product Quality
Understanding Quality Function Deployment (QFD)
Quality Function Deployment (QFD) involves a thorough study to assess the product aspects that customers value most. Market studies are conducted to capture the “voice of the customer,” which includes:
- Basic Characteristics: What customers explicitly state they want in the product.
- Minimum Requirements: What customers expect but may not explicitly state (assumed features).
- Amazing Features: What customers don’t articulate but would be delighted to have