Charity and JIT: one can help the other

Article Abstract:

The implementation of just-in-time (JIT) systems provides managerial accountants with the opportunity to become an integral part of the management team through the use of knowledge typically deemed irrelevant to the management operations process. One such area is tax strategies, specifically charitable deductions for contributions of inventory to charity. These contributions can create substantial tax benefits that can go a long way in reducing the inventory costs associated with the implementation of a JIT system. Factors affecting the ability of a corporation to reduce inventory costs through charitable contributions include: donor intent, returned property, state income tax considerations, and federal limitations.

Methods, Analysis, Taxation, Tax deductions, Just in time inventory systems, Just in time systems, Managerial accounting, Charity

---

Gaining the competitive edge with MRP-MRP II

Article Abstract:

The AccuRate Division of the Moksnes Manufacturing Co has a materials requirement planning (MRP) system that coordinates production scheduling, materials handling, and inventory control systems. The requirements for MRP are: an excellent computer system, educated users, and management support. Cooperation in all functional areas is essential if the MRP information system is to work properly. Marketing, engineering, manufacturing, and accounting must fully understand their position in the information and production flow. AccuRate had a 45% increase in sales in 1987, with a 10% decrease in inventory.

Production management, Software, Accounting and auditing, Technology application, Scheduling (Management), Materials handling, Accounting, Inventory control, Production control, Accounting software, Manufacturing production control software, Moksnes Manufacturing Co. AccuRate Division

---

Similar abstracts:

• Abstracts: Asset stocks and sustained competitive advantage: a comment. Strategic factor markets: expectations, luck, and business strategy
• Abstracts: ABC and high technology: a story with a moral. Completing the picture: economic choices with ABC. How we changed our accounting
• Abstracts: IBM is expected to unveil PCs in October that compete with Compaq file servers. IBM to reduce radiation from future VDT models
• Abstracts: Compucom, two others show interest in acquiring retailer Businessland Inc. Softsel to acquire Microamerica Inc. in share exchange
• Abstracts: Battle at the GAAP? It's time for a change. Measuring performance with synchronous management

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.