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

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.

Unit 4: Cost Allocation and Imputation Itinerary

1. Methodologies for Cost Location

1.1. Based on Functions and Departments

The location of costs, or the itinerary of imputation, aims to find the entity that originates the cost.

In accounting for the presence of indirect costs—which measure resource consumption that cannot be directly traced to the product—it is necessary to find a way of estimating the relationship between the volume of costs and the volume of production. The solution is to set an itinerary of imputation, with different stages represented by cost centers, determining the relationship between resource consumption in the center and the different costs. Costs could be directly allocated to sections or centers or indirectly, using... Continue reading "Cost Allocation and Imputation Itinerary" »

English Grammar and Vocabulary Essentials

Zero Article

• Plural, uncountable nouns and general: hours, days
• Before languages and meals

A

• Countable: To describe what something is

The

• Specific, known places
• Superlatives

Some/Any

• Some: Used in positive sentences, offers, and requests
• Any: Used in negative sentences and questions asking for information

Third Conditional

• If + subject + HAD (past perfect), subject + would have + past participle

Complex Dependent Sentences

• Lack meaning on their own

Compound-Complex Sentences

• An independent clause + subordination + dependent + comma + FANBOYS + independent
• I went to class, even though I was sleepy, and I learned a lot.

Subordinating Conjunctions

• After - después
• Although
• As - como, a medida que
• Because
• Before - antes
• If
• Once

Hotel Vocabulary

• Double room: habitación cama matrimonio
• Twin room: habitación 2 camas
• Single room: habitación individual
• Bath: bañera
• Shower: ducha
• Suitcase: maleta
• Luggage: equipaje
• Half board: media pensión
• Full board: pensión completa
• Key: llave
• Keycard: tarjeta llave
• Bill: factura
• Receipt: recibo
• Lift: ascensor (British)
• Elevator: ascensor (American)
• Car park: aparcamiento
• Restaurant: restaurante
• Lounge: salón recibidor
• Cocktail bar: bar de copas
• Fitness room: gimnasio
• Hairdryer: secador de pelo
• Air conditioning: aire acondicionado
• Safe: caja fuerte
• Conference facilities: sala de conferencias
• Swimming pool: piscina
• Night club: club de noche
• Sauna: sauna
• Business centre: centro de negocios
• Satellite TV: TV por satélite
• Multi-line phone: teléfono multilinea
• Computer

Common Sociological Concepts

• Achieved Status
• Agents of Socialization
• Aggregate
• Alienation
• Anomie
• Apartheid
• Appearance
• Ascribed Status
• Assimilation
• Authoritarianism
• Belief
• Blue-Collar
• Body Language
• Bourgeoisie
• Bureaucracy
• Capitalism
• Capitalist Class
• Caste System
• Category
• Class System
• Clique
• Commoners
• Communism
• Conflict Theory
• Conformists
• Control Theory
• Counterculture
• Crime
• Crime Against the Person
• Crime Against Property
• Cultural Diffusion
• Cultural Relativism
• Culture
• Culture of Poverty
• Culture Shock
• Democracy
• Deviance
• Dominant Culture
• Dyad
• Economy
• Education
• Ego
• Endogamy
• Ethnocentrism
• Ethnomethodology
• Exogamy
• Formal Organization
• Gender Role
• Gender Socialization
• Global Stratification
• Globalization of Capitalism
• Government
• Group
• Group Dynamics
• Id
• Ideal Type
• Ideology
• In-Group
• Inner Controls
• Institution
• Law
• Macrosociology
• Manner

Katisha Hotel Performance Improvement Report

As requested at the Board meeting of March 14^th, here is my report.

Report Objective and Structure

The main aim in writing this report is to bring Katisha Hotel in line with the other hotels in the group. It is based on the last meeting with the Business Development Director of GS International and on the graph we have seen. This report will review the most important problems that are currently impacting efficiency and causing us to lose our most valuable assets. I have divided the report into three sections: Background, Findings, and Recommendations.

Current Challenges: Staff Attrition and Demotivation

Declining Staff Retention

As discussed in the last meeting, we are losing our skilled managers to other... Continue reading "Katisha Hotel Performance Improvement Plan: Staff Retention & Guest Satisfaction" »

Handball: How It's Played

Players advance the ball down the court by dribbling and passing. They are allowed to dribble for an unlimited amount of time, run with the ball for up to three steps before and after dribbling, and hold the ball without moving for three seconds. Players are not allowed to pull, hit, or punch the ball out of an opponent's hands, endanger an opponent with the ball, or make contact with the ball below the knees. Free throws are awarded to the opponent in the event of minor fouls or violations. A seven-meter penalty shot is awarded to the opponent when major violations are committed.

Skills & Techniques

Basic Catching Technique

• The thumbs and fingers should form the shape of a triangle.
• Both hands form a "bowl/basket,"

Discuss potential effects of deprivation or trauma in childhood on later development

Healthy development is influenced by factors such as access to loving caregivers, adequate nutrition, sensory and cognitive stimulation, and linguistic input.

A child reared in a severely deprived setting will not experience such factors and this can affect the child’s development negatively.

Deprivation in childhood can be seen as living in a state of various forms of neglect to provide basic needs – physical, emotional, or social. Deprivation is often related to institutionalization, growing up in poverty, and parental problems (e.g. alcoholism or mental illness.

Trauma in childhood can be seen as experiencing a powerful shock (e.g. divorce, death of a parent,... Continue reading "Effects of Deprivation and Trauma on Child Development" »