The budget performance should be reported and communicated to the management and the stakeholders in a timely and transparent manner. A budget variance report should be communicated to the relevant…
Average inventory is used instead of ending inventory because many companies’ merchandise fluctuates greatly throughout the year. For instance, a company might purchase a large quantity of merchandise January 1…
If the price charged to the customer is above the AVC, then the business is covering its variable costs per unit and then some. If the price is set below…
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This helps catch errors early and ensures alignment with your goals. Continuing education, license renewals, and certifications are essential expenses. Agents often pay association fees or share a percentage of…
We will also discuss the advantages and disadvantages of using this method, as well as the factors that affect the rate. Plantwide Overhead Rate vs Departmental Rate On the other…
It’s also a good time to review pending transactions for errors or abnormalities, allowing you to investigate potential issues promptly. It’s the time to catch up and confirm that the…
In such a case, it is handy to use depreciation expense as a percentage of net PP&E, or to simply roll forward the recurring depreciation amount. The screenshot above is…
If your clients collect payment electronically, you can match up deposits with the deposits received by the bank to ensure accuracy. Review upcoming tax, reporting, and registration deadlines to ensure…
Additionally, significant LIFO liquidation events require adjustments when inventory volumes decline substantially. Finance teams need to reverse the LIFO reserve balance through credit entries, impacting earnings. Tracking inventory levels and…
The Ministry of Education (MoE) was established in 1957 to formulate and coordinate education policies, set standards, and monitor and evaluate their implementation. The MoE works to ensure that quality education is accessible for all Ghanaians, in order to support human capital and national development. The MoE is committed to ensuring that all Ghanaians are prepared to succeed in the world of work. It achieves this through the development of an educational system that focuses on promoting problem solving and creativity and building critical skills through academic, technical and vocational programs
Building a highly educated and skilled nation where every Ghanaian can achieve their potential
The Ministry of Education exists to ensure quality and accessible education for all. Through the formulation, coordination, monitoring, and evaluation of policies with motivated staff and appropriate systems, Ghana’s education system will meet the needs of the labor market, improve human development, and increase national integration ” Education is the ultimate game changer and opens many doors of opportunity and promise. It is the meal ticket out of deprivation ad underdevelopment. ”