Accountancy News Aug 4 2007

Career development key to staff retention
A quarter of accountants have turned down a job opportunity because of a perceived lack of clear opportunities for progression. Read More

US standard-setter's processes may be scrutinised
The US standard setter's processes could be questioned by a top-level SEC committee tasked with reducing the complexities of financial reporting. Read More

ICAEW accused of selling ACA cheap
ICAEW's advert for ACA qualification enrages rival institutes for being cheap and burnishing the qualification's credentials. Read More

Dividend, profitability norms eased for IDRs
In a bid to infuse life into the Indian depository receipts (IDR) market --which is yet to see a single float-- the government today eased several stringent clauses for foreign companies to raise funds by selling shares to Indian investors. Read More

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Learning Curve Theory

Learning Curve Theory is concerned with the idea that when a new job, process or activity commences for the first time it is likely that the workforce involved will not achieve maximum efficiency immediately. Repetition of the task is likely to make the people more confident and knowledgeable and will eventually result in a more efficient and rapid operation. Eventually the learning process will stop after continually repeating the job. As a consequence the time to complete a task will initially decline and then stabilise once efficient working is achieved. The cumulative average time per unit is assumed to decrease by a constant percentage every time that output doubles. Cumulative average time refers to the average time per unit for all units produced so far, from and including the first one made.

Major areas within management accounting where learning curve theory is likely to have consequences and suggest potential limitations of this theory.

Areas of consequence:
A Standard Costing …

Throughput Accounting

Throughput accounting (TA) is an alternative to cost accounting proposed by Eliyahu M. Goldratt. It is not based on Standard Costing or Activity Based Costing (ABC). Throughput Accounting is not costing and it does not allocate costs to products and services. It can be viewed as business intelligence for profit maximization. Conceptually throughput accounting seeks to increase the velocity at which products move through an organization by eliminiating bottlenecks within the organization.

Cost (or Management) accounting is an organization's internal method used to measure efficiency. Since no one outside the organization uses such internal accounts for investment or other decisions, any methods that an organization finds helpful can be used.

Throughput accounting improves profit performance with better management decisions by using measurements that more closely reflect the effect of decisions on three critical monetary variables (throughput, inventory, and operating expense — defin…

ICWAI recognised by CPA Australia

From 1 June 2009 if you held, or hold, full membership of a professional body recognised by CPA Australia you can apply for Associate membership.
An assessment of your professional qualifications will be conducted to determine your eligibility. The examinations you completed as part of your membership will be considered in regards to our core knowledge requirements, and the result of your eligibility for Associate membership will be advised accordingly.

Recognised professional bodies * The Association of Chartered Certified Accountants (ACCA) * The American Institute of Certified Public Accountants (AICPA) * Chartered Institute of Management Accountants (CIMA) * The Chartered Institute of Public Finance and Accountancy (CIPFA) * Certified General Accountants Association of Canada (CGA-Canada) * The Society of Management Accountants of Canada (CMA Canada) * The Hong Kong Institute of Certified Public Accountants (HKICPA) * The Institute of Certified Public Accountants of Kenya (ICPAK) * Institut…

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