Depreciation, Payroll, Non-Remunerative Benefits, and Collective Agreement Additions in Argentina
Depreciation Calculation
To calculate depreciation, the following must be considered:
- The value to depreciate
- The recovery value
- The useful life
- The method to be applied
Depreciable Value
This is essentially the acquisition cost. However, the potential salvage value (the value the asset may have for the company when it’s no longer useful) should also be considered. The depreciable value is calculated as follows:
Cost of acquisition of the asset – Estimated recoverable value at the end of use = Depreciable
Read MoreBusiness Structures and Market Analysis
Market Structures
Perfectly Competitive Market
Characterized by homogeneous products, numerous buyers and sellers, none powerful enough to influence prices. All participants are price-takers, and there is free entry and exit to the market.
Monopoly
A single company controls prices and quantities. Monopolies are typically justified for essential services requiring significant infrastructure (e.g., water, electricity). Legal monopolies also exist.
Oligopoly
A few companies share the market, each with
Read MoreUnderstanding Income Tax: A Comprehensive Summary
Income Tax
What is Income Tax?
Income tax is a tax imposed on the income of individuals, corporations, and other legal entities. It is typically calculated as a percentage of the revenue of the person or entity subject to the tax.
Types of Taxes
There are three main types of income tax:
- Progressive Tax: The tax rate increases as income increases.
- Flat Tax: The tax rate remains constant regardless of income.
- Regressive Tax: The tax rate decreases as income increases.
Purpose and Application
The primary purpose
Read MoreSpanish Public Budget: Structure, Cycle, and Oversight
General State Budget
Budget Overview
The General State Budget systematically outlines the financial rights and obligations of public sector entities for the fiscal year. It encompasses all income and expenditure items.
1 Budgetary Principles
- Competence: Parliament holds the authority to approve state budgets, reflecting the will of the people.
- Balance: Equivalence between revenues and expenses is maintained.
- Unity: All income and expenditure are included within the budget, avoiding multiple budgets.
- Universality:
Strategic & Tactical Planning: A Business Strategy Model
Strategic Planning
Strategic planning diagnoses the organization’s internal and external environments, defines its vision and mission, sets overall goals, creates and selects strategies for implementation, and allocates resources to achieve these goals.
Contingency Planning
Contingency planning prepares the organization for significant, unexpected, and sudden changes (positive or negative) that require an immediate response.
Strategies
Strategies are the main courses of action chosen and implemented
Read MoreProcurement and Purchasing Strategies
The Purchasing Process
Planning
Conduct a prospective study of needs to understand market products and prepare for future requirements.
Needs Analysis
The purchasing or procurement department receives requests from internal users and analyzes order priority.
Request for Bids and Budget
For high-cost or first-time purchases, a Request for Proposal (RFP) and budget are essential to avoid financial implications.
Evaluation of Bids
Received bids should be studied, analyzed, compared, and reviewed. Avoid requesting
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