Value Based Management (VBM) is relatively a modern approach used by organization as a tool of measure the performance over its business activities, which links performance of business, strategy and processes; ultimately it leads to maximize the value of an organization. VBM delivers dynamic,...

The creation, operation, alteration, and cessation of every action and function in an organization -- whether within the private, public, or voluntary sector -- all consume economic resources. Measuring, accumulating, and assigning those resources to the organization's various processes and...

Harmonization is a process of increasing the compatibility of accounting practices by setting limits on how much they can vary. Harmonized standards are free of logical conflict, and should improve the compatibility of financial information from different countries. Efforts to harmonize...

Leadership is a major way in which people change the minds of others and move organizations forward to accomplish identified goals. Some of the most important attitudes for organization’s success are those of the leaders, because leader attitudes and behavior play a critical role in shaping...

Purpose: Today workforce is diverse, regardless of the gender, culture, working style, ethnicity, background, origin. But also with respect to age. Now workplace demographics span four different generations for the first time in modern history. These four generations: Traditionalists, Baby...

Purpose – Management requires adequate, systematic and useful cost data and reports to manage a business enterprise and to achieve its business objectives. The useful information provided by cost records and reports in cost accounting assist management in making their decisions. Therefore,...