performance accounting

A performance accounting system is a mechanism for capturing and reporting performance indicators on a real-time basis. Performance accounting systems range from low to very high tech. There are two primary benefits of a performance accounting system. 1. To improve the availability and quality of information for decision makers. 2. To stimulate desired behavior by providing real-time performance feedback on activities that are most critical to company success.

selection

“Rejection is an opportunity for your selection.” ― Bernard Branson

change

“You can change only what people know, not what they do.” ― Scott Adams

LIFE

As long as you're green, you're growing. As soon as you're ripe, you start to rot." — Ray Kroc

MANAGEMENT

"Management is, above all, a practice where art, science, and craft meet." — Henry Mintzberg

Quotes on MANAGEMENT

"Make your top managers rich and they will make you rich." — Robert H. Johnson

JUNK E MAIL OR E MAILSPAM OR BULK MAIL

Email spam, also known as junk email or unsolicited bulk email (UBE), is a subset of electronic spam involving nearly identical messages sent to numerous recipients by email. Clicking on links in spam email may send users to phishing web sites or sites that are hosting malware. Spam email may also include malware as scripts or other executable file attachments. Definitions of spam usually include the aspects that email is unsolicited and sent in bulk

Management

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

Statutory Accounting Principles - SAP

A set of accounting regulations prescribed by the National Association of Insurance Commissioners for the preparation of an insuring firm's financial statements. Filings prepared using SAP are submitted to individual state regulatory bodies; SAP are regarded as more regulatory and conservative than the GAAP method of preparing financial statements.

'Cost Accounting'

A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance. Read more: http://www.investopedia.com/terms/c/cost-accounting.asp#ixzz26Vv43MnG

Management accounting

Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions.

Accounting

The systematic recording, reporting, and analysis of financial transactions of a business. The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles. Accounting allows a company to analyze the financial performance of the business, and look at statistics such as net profit. Read more: http://www.investorwords.com/48/accounting.html#ixzz26Vu5Meo4