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Reference: https://www.ieltsidpindia.com
The purpose of management accounting in the organization is to support competitive decision making by collecting, processing, and communicating information that helps management plan, control, and evaluate business processes and company strategy. The interesting thing about management accounting is that it is rare to find an individual within a company with the title of management accountant. Often many individuals function as accountants within the organization, but these individuals typically operate as financial accountants, costs accountants, tax accountants, or internal auditors. However, the ability to develop and use good management accounting (which covers a lot more ground than the product costing done by cost accountants) is actually an important ability for many individuals, including finance professionals, operational and marketing managers, top-level executives, and information technologists. Generally, in a very large company, each division has a top accountant called the controller, and much of the management accounting that is done in these divisions comes under the leadership of the controller. On the other hand, the controller usually reports to the vice president of finance for the division who, in turn, reports to the divisions president and/or overall chief financial officer (CFO). All of these individuals are responsible for the flow of good accounting information that supports the planning, control, and evaluation work that takes place within the organization. As should be clear by now, the process of management accounting is the process of creating and using cost, quality, and time-based information to make effective decisions within the organization. Many people in the organization play a role in this process. The internal audit department has the responsibility of ensuring that controls are followed and operations are efficient. Financial accounting, while providing information to outsiders (such as creditors, investors, and government agencies), must also provide relevant financial reports to decision makers within the organization. Systems professionals have the responsibility to process information so that it is available to management in formats useful for decision making. Tax department experts make sure that the organization complies with the tax laws and pays no more than its legally obligated tax liability, but these people also participate in good planning, control, and evaluation of processes and decisions that will affect future tax expense exposure. Finally, cost accounting obviously plays a key role in tracking and reporting relevant product and service costs. Overall, the controller works to bring together all this information as an integral part of the planning, controlling, evaluating, and decision-making activities that take place throughout the organization.
Reference: http://www.swlearning.com/
Background Marks & Spencer is one of UKs leading retailers of clothing, food, home-ware and financial services, serving 10 million customers a week in over 400 UK stores. The company owns and operates department stores and retail general merchandise stores selling clothing, household goods and footwear. It also provides financial advisory services like account cards, personal loans, unit trust management, life assurance, personal insurance and pensions. The company has an annual turnover of around US$ 14.7 billion. It has over 500 stores in 30 countries worldwide. Marks & Spencer in India Marks & Spencer began operations in India in December 2001, through its exclusive franchisee - Planet Sports. By 2003 the company had two stores, one at Ansal Plaza in Delhi and the other at Crossroads in Mumbai. Today, Marks & Spencer has a total of 7 stores in India with 3 in Mumbai and 1 each in Delhi, Gurgaon, Hyderabad and Bangalore. Leveraging the India Advantage: Large and growing domestic market India has a growing economy and a large middle class. Income levels have also been rising and the consuming class forms the bulk of the population today. This offers Marks and Spencer significant potential for growth in retailing in the domestic market. Low cost sourcing base The company is leveraging Indias capability in textile manufacturing and the availability of good quality, low cost products, by developing India as a sourcing base for apparel. Future Plans Planet Sports, the M&S Franchisee in India, has aggressive expansion plans that include rolling out, up to 50 new M&S stores in India over the next 5 years.
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Learning to speak fluent English requires patience, time and dedication. It may take some time but with some knowledge of the best study techniques and daily practice, you'll gradually improve your English and your confidence in your speaking abilities. Practice Daily Achieving fluency in English requires daily practice. Start by focusing on improving vocabulary, learning grammar, listening skills and speaking skills. If possible, find someone that you can practice with daily. If you cannot find someone to practice with, make sure that you read things out loud by yourself. It's important to get that speaking practice. You may want to split up your study time throughout the day. Instead of studying for one hour, study for 30 minutes in the morning and 30 minutes in the evening. This helps you to stay focused. Watch TV Increase your practice by watching TV shows which allows you to gain experience listening to what reallife English sounds like. Once you find one that you like, try watching the same episode over and over. As you become used to it, pause the show and try to repeat what the character said. Pay attention to pronunciation and inflection in order to sound more like a native speaker. Talk with Friends Practice what you are learning with native English speakers. Having other people to speak English with is essential for building your skill level. Look for friends that you can practice English with. Native English speakers are the best for gaining fluency. If you can, try to find a friend that only speaks English. This will force you to use your English instead of falling back on your native language. Think in English Achieve real English fluency by thinking in English. While this takes skill, when you are able to think in English instead of in your native language, you'll know that you've really mastered the language. As you go throughout your day, try to think about what you're doing in English. Don't translate from your native language. Actually use English as a starting point. The more you do this, the closer you will get to fluency.
Reference: http://www.ehow.com/
Reference: http://www.chillibreeze.com