Notes, summaries, assignments, exams, and problems for Vocational training

First Things First

I'ma say all the words inside my head
I'm fired up and tired of the way that things have been
The way that things have been

Second Thing

Don't you tell me what you think that I can be
I'm the one at the sail, I'm the master of my sea
The master of my sea

From Brokenness to Belief

I was broken from a young age
Taking my soul into the masses
Writing down my poems for the few
That looked at me, took to me, shook to me, feeling me
Singing from heartache, from the pain
Take up my message from the veins
Speaking my lesson from the brain
Seeing the beauty through the...

You made me a believer, believer
(Pain, pain)
You break me down, you build me up, believer, believer
(Pain)
I let the bullets fly, oh let them rain
My luck, my love, my God, they came... Continue reading "Believer: A Song of Resilience and Faith" »

C AND T: judicial settlement involves the reference of spites to permanent tribunals for legally binding solution Courts with general jurisidictiion. As one of the six main organs of the United Nations and its principal judicial Organ, the International Court of Justice (ICJ) has guaranteed impartial Adjudication free of political pressure or economic bargaining since 1945.The International Court of Justice works in French and English and is located at the Peace Palace in The Hague, Netherlands. 

Solemne 1 Review

Grammar Exercises

Exercise 1: Verb Tenses

1) I am going to fly - I have travelled – I went – I usually visit – I didn’t have – I am saving – I didn’t take – are going

Exercise 2: Verb Tenses and Negatives

2) I haven’t finished – Peter didn’t send – but I always do – Today don't be - Charles isn’t coming – he isn’t working

Exercise 3: Making Suggestions

3) Why don’t we move some tables outside?

- Let's go to see a film at the cinema.

- What about moving some tables outside?

- You have to take some suncream because of the sun.

- He might be her brother, but...

- No, I don’t have to take cash because...

Exercise 4: Making Suggestions - Study Together

4) Let's study together on Friday (I'm not afraid).

What

Present Simple and Present Continuous

Present Simple: Used for habits, routines, states, opinions, or feelings.

Present Continuous: Used for activities in progress, temporary activities or situations, and fixed plans and arrangements.

Future Tenses: Will and Be Going To

Will: Used for predictions based on personal opinions.

Be going to: Used for predictions with specific evidence, plans, and intentions.

Past Simple and Past Continuous

Past Continuous: (e.g., was living in 2002) Used for actions in progress at a specific time in the past, or actions in progress interrupted by another.

Past Simple: (e.g., he spoke at a conference in 2007) Used for completed past actions.

Used To

Used to: (e.g., they used to use oil lamps) Used for habits or states in the... Continue reading "English Verb Tenses and Grammar Rules: A Comprehensive Review" »

Imputation of Structure Costs

L'imputation Rationelle Method

One of the main disadvantages of full-cost systems is that the unit cost of the product depends not only on the productivity and cost of the applied resources but also on the activity level of the productive centers. The Imputation Rationelle method avoids the influence of this variance (between actual and normal activity level) in unit costs when using a full-cost system. The method modifies the department fixed costs to be assigned to products following these steps:

1. Activity rate calculation for each department and period of analysis (t): the actual activity level (Ar) divided by the normal activity level (An).
2. Actual fixed/structure cost for the period (F) is multiplied by the rate

Unit 7: Full Cost Systems

Introduction

This unit explores full cost systems, assuming that manufacturing processes consume resources to perform tasks. The costs of these resources are accumulated to determine the cost of the centers. Variations in this hypothesis lead to different systems:

1. Unnecessary Resource Consumption: Some resource consumption might be deemed unnecessary and accounted for as a period loss, not a production cost. This leads to distinctions between traditional and economical full costing.
2. Resource Cost vs. Accumulated Cost: The cost of resources used in production might differ from the cost accumulated in the units produced. This introduces systems with predetermined rates like normal costing, imputation rationelle, and standard

Unit 6: Costing and Production Systems

1. Production Systems

The two common cost accumulation systems are job order costing and process costing. The election to use one or the other of these systems depends primarily on the nature of the product and the manufacturing process by which it is created. Process production and job-order production are the extreme possibilities when considering the heterogeneity of products. The difference between order accounting and section accounting is the aim of the cost system, and the difference between process costing and job costing is the method to assign the cost to products.

1.1. Job Order Costing System

Job order costing suits the processes where it is necessary to assign costs to a specific amount of production... Continue reading "Costing and Production Systems: Job Order and Process Costing" »

Lack of Homogeneity of Costs Allocated to Sections

Activity-Based Costing (ABC) systems shift the focus from cost centers to activities, and from activities to cost drivers. An activity is defined as a group of operations or tasks necessary to produce its outputs. An activity should have variables that measure the units of output and performance. The concept of the center of analysis as a mere cost pool is replaced by the concept of activity, which requires the participation of several sections or departments to be completed.

A cost driver measures the output of an activity and is also the cost-assignment unit. It allows the assignment of the activity cost to a cost object as a function of the amount of the driver. Causality should be the criterion... Continue reading "Activity-Based Costing: A Comprehensive Approach" »

Cost Accounting (CA) vs. Activity-Based Costing (ABC): A Comparison

Input Analysis

• CA: Focuses on direct and indirect costs, with special attention to accumulation costs.
• ABC: Analyzes traceable and non-traceable costs, emphasizing hidden costs.

Allocation Analysis

• CA: Categorizes costs by function, based on delegation and accountability. Support-center costs are allocated to main centers. Activity units are selected based on correlation.
• ABC: Categorizes costs by activity (processes), focusing on value chain control. Support activities are minimized. Drivers are selected based on causality.

Cost Object Analysis

• Both CA and ABC analyze production and final costs, cost-volume-profit, product cost at different completion stages, and contribution to value.