Changing to compete in the textile industry

Article Abstract:

Accountants can play a major part in increasing the competitiveness of textile companies by helping to change organizational structures, manufacturing methods, and costing structures. Accountants should be aware that the indirect costs associated with changes and new equipment can often exceed the direct costs of new equipment. Accountants can reduce work in progress costs by managing varying materials yields, long production changeovers, and changing production schedules. Accountants can help with new weaving equipment decisions by evaluating overall efficiency, energy costs, and maintenance costs. Accountants can also improve textile company performance by reassessing the efficiency of traditional cost accounting methods.

Management, Innovations, Textile industry, Textile design

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A clean bill of financial health

Article Abstract:

Accounting for general practice physicians involves special skills and considerations. Accountant's responsibilities for physicians include: preparing basic and routine accounts; acting as an intermediary between physicians and the Inland Revenue; and advising physicians on partnership changes. Other services that accountants can offer physicians include: advising on partnership deeds; controlling partners' capital contributions; dealing with annual partnership account equalizations; and helping with any loan financing.

Accounting and auditing, Physicians (General practice), General practitioners

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