Management Consultancy and Organizational Uncertainty

Belief, Doubt and Synthesis Essay Example | Topics and Well Written Essays - 1500 words - 1

Conviction, Doubt and Synthesis - Essay Example Composing is one of the most critical callings in the US today. In light of this reality, various ways of thinking and standards apply in characterizing the perfect characteristics and aptitudes expected of gifted journalists. These standards are abstract and generally rely upon the variables that decide the reason for composing. In this respects, we need to recognize that not all authors have similar characteristics, as a portion of the American essayists are superior to other people. In spite of the way that not all authors are equivalent in their ranges of abilities, there ought to be a standard of separating sharpest scholars from poor ones. In such manner, I conviction one ought to have a portion of the major characteristics on the off chance that he/she is to be considered as an expert essayist (Starnino 42). The characteristics of an essayist fall into individual and specialized abilities. Ownership of solid individual characteristics involves the utilization of compelling rel ational abilities in introducing ones thoughts and considerations in composed structure. In America, each author appreciates the right to speak freely of discourse and articulation in their work. Journalists are allowed to communicate their musings in whatever way they wish, as long as their work falls inside the extent of national standards and guidelines. In such manner, journalists face the inclination of communicating their contemplations in a fitting language according to the earth in subject. In attempting to legitimize their musings and methods of reasoning, essayists can take part in influential, confident or condemning bits of work (Lutovich and Fisher 67). One ought to coordinate every one of these opportunities of thought and language in creating powerful or in any event, condemning expositions so as to achieve composing objectives. For this situation, I conviction a splendid essayist ought to be innovative, striking and inventive. For instance, an essayist in a political field conjecturing about the fate of a nation’s legislative issues ought to be inventive and imaginative in convincing his devotees and condemning those restricting. Intelligent improvement of political papers requires an author to explain the opportunities accessible with the relational abilities in guaranteeing viable conveyance of the expected message to the intended interest group (Lutovich and Fisher 72). Notwithstanding close to home aptitudes, a gifted author ought to have an exhaustive comprehension of the specialized characteristics of composing. I conviction the main specialized nature of master composes is the capacity to impart easily in composed language. English journalists must adhere to syntactic standards in each bit of their work. Effective utilization of English will encourage conveyance of the message in a goal way. Since the better piece of composing involves assortment of data from both the essential and optional sources, an essayist ought to likewise h ave solid research aptitudes. The individual in question should do an exploration practice from the difficult definition stage to the outcomes understanding stage. Each essayist ought to be acquainted with the principal ideas of the subject of composing and should utilize significant and fitting jargon in communicating their thoughts. Ultimately, a capable author ought to sort out the basic pieces of an article in an intelligent example. Combination of these specialized aptitudes with the previously mentioned correspondence characteristics in an article give a measure of characterizing a beautiful bit of composing (Lutovich and Fisher 61). Individuals are in a constant procedure or getting new thoughts and meeting new examples of contemplations in their lives. At the point when one meets another thought,

How to Plan an Investor Roadshow

How to Plan an Investor Roadshow One of the things that startups â€" and practically any business â€" need to do in order to gain funding is to actively look for investors. They are fortunate if it is the investors who will come knocking on their door, but in most other cases, there is a need to find them and get them to notice you. Once they do, the next step is to get them to give you more than a few minutes of their time to let you convince them why you are a good prospect for investment. There are several avenues to accomplish this, and one of them is through investor roadshows. © Shutterstock.com | imtmphotoIn this article, we provide 1) a short introduction to investor roadshows and 2) how to plan a successful investor roadshow.THE INVESTOR ROADSHOWThe phrase “roadshow” immediately brings to mind going from one place to another, presenting something visual. It makes one think of a touring show of musicians, artists and performers, who make use of a series of different locations or venues.That is not too far from the truth when it comes to an investor roadshow. The business will literally be putting on a “show” â€" a presentation â€" for potential investors. In this context, the presentation is the roadshow.Think of a company that is issuing shares of stocks in order to raise capital for a major project. They will conduct a presentation to prospective buyers of these shares or securities. Thus, they will have to conduct an investor roadshow in order to convince investors.We can classify an investor roadshow into two: a “deal roadshow” and a “ non-deal roadshow”.Deal Roadshow. The classic example is an IPO Roadshow. An investor roadshow is often conducted by a previously privately-held company that is going public and conducting an initial public offering (IPO). It is, in effect, their way of “advertising” the shares in the IPO.Non-deal Roadshow. Investor roadshows may also be conducted even without the intention of selling or offering anything. Often, executives of a company will undertake a roadshow with their current investors, but also with the added motivation of being able to attract additional, new investors in the process.Often, an investor roadshow is used synonymously with “financial roadshow”, where executives or members of top management conduct a series of meetings in different cities where the company has branches or satellite offices. While it is true that a financial roadshow is also conducted for IPO purposes, it has a much broader coverage, as it may also be conducted when a corporation that wa s previously government-owned will be privatized.This is not to be confused with other types of roadshows that are also related to business. Marketing roadshows, for example, involve a group of people travelling to different places to advertise certain products or services.More than private investors, the target audience of investor roadshows are the institutional investors, which range from investment banks to pension funds and other financial agencies or institutions that can help in generating buzz about the offering. Investor roadshows are not meant for potential investors alone, because they are also conducted for the benefit of fund managers, analysts, and practically anyone interested with the company. That means that potential partners and customers are also included.On the other hand, the presentation is not left solely in the hands of top management of the company, as they may opt to send a representative that they deem could do an excellent job in making the presentations in their stead.Purpose of an Investor RoadshowIn an investor roadshow, a representative of the company will travel to different cities or places in the country where their potential investors are, and make a presentation about an investment opportunity in the company or business that he represents. The purpose of an investor roadshow will largely depend on what type of an investor roadshow it is.The main purpose of an IPO roadshow is to generate interest of potential investors in your company, or in what your company is offering. You want to build up their excitement so that, when the IPO date finally comes around, they will be right there to purchase your offering.An investor roadshow, which is held prior to the actual offering or sale of securities or shares, is also instrumental in increasing the share price of the stocks as well as shareholder value. The higher the interest or excitement generated, the higher the share price is likely to be.According to institutional investors, a large part of the success of IPOs depends on how well-planned and executed their roadshows are.As for non-deal roadshows, these are also conducted in order to renew and strengthen the relationships of the company with its current investors. They are even seen as part of the reportorial responsibility of company’s management to its stakeholders.What to include in an Investor RoadshowYou might be one of those who are wondering what is included in the presentation, or what the representative of the company will talk about. Essentially, what will be presented is the business plan of the company, which will be tackled in great detail. The key topics include, but are not limited to:The background of the business;The composition of the management team, including their qualifications and level of experience;The products and services of the company, and their features;The current state of the business, focusing on its strengths and achievements;The competitive environment of the company , including an analysis of the overall competitive landscape that it operates in;The expected results, with special focus on how these results will be to the benefit of the potential investorsHow Investor Roadshows are ConductedThe events that are included in an investor roadshow may vary, depending on what the management deems to be the most effective way of reaching their potential investors and engaging their interest.Small, private meetings are sometimes conducted by management with select groups of potential investors, often performed by batch.Larger gatherings may also be held in bigger venues that are able to accommodate a larger number of potential investors.Multimedia presentations are presented to the audience.Question-and-answer sessions that resemble press conferences are also conducted, often with the presence of media.Copies of presentations are also uploaded or posted online. Twitter, for example, posted a video presentation of its IPO roadshow on the website RetailRo adshow.com.Feel free to watch Twitters investor roadshow presentation. PLANNING AN INVESTOR ROADSHOWRoadshows are not easy to put together. There are a lot of details regarding logistics that must be sorted out. Making travel arrangements alone already takes a lot of work, and engaging the involvement of different parties that will contribute or play even a minor role during the roadshow is not going to be a walk in the park.They are not cheap, either. It costs money â€" a lot of it â€" to organize a roadshow. However, if you plan it well, and you execute it properly, the returns are likely to be more than the cost incurred in putting it into motion.There is a need, therefore, to ensure that all the smallest details are taken care of from the beginning. Here we will take a look at the aspects of investor roadshow planning.1. Deciding on Scope of Responsibility and BudgetThis pertains to how the roadshow will be carried out. Companies generally have two options:Organize the roadshows in-house. This is ideal for companies that have enough manpower or staff on board to devote their time to organizing the details and logistics of investor roadshows. It gives the company full control of how the roadshows will be conducted.Hire an agency or service provider specializing in investor roadshows. There are such firms whose main service is to plan and organize roadshows. This easily takes away much of the burden of planning from the company itself, but it is also quite expensive. This is the reason why this option is seen to be used only by the very large businesses.On the matter of cost, expect to spend money on an investor roadshow. You can work on the budget as you go along the planning of the roadshow. After all, there are many things to consider, such as the cost of travel, the cost of hotel accommodations for the members of the management team, the cost of reserving the chosen venues in every city, the meals and even the materials that will be distributed to the au dience.2. Roadshow SchedulingDuration: There is no fixed duration for a roadshow. It could be as short as 2 to 3 days or longer up to 2 to 3 weeks. It will take even longer if you are going to take the roadshow across the country, because you have to take into account the travel time it requires to move from one place to another. Scheduling will coincide with the determination of your stops of the roadshow.Roadshow Dates: Now, when will you bring the show on the road? There is such a thing called “roadshow season”. These are the months in the year when companies often go on the road to connect with their current or potential investors. Obviously, if you are conducting an IPO, the roadshow must be conducted before the actual date of the IPO.When scheduling your investor roadshow, make sure that it does not adversely affect the normal operations of the business. Your operations should still go unhindered even when key members of management are on the road working hard to attract m ore investors.3. Dealing with the LogisticsThere is one rule of thumb when deciding on the places to conduct your roadshow in: go where the investors are. If you are eyeing institutions in New York City as potential investors, then include that city in your stops. If you want to renew your relationship with your investors in Florida, then that should be on your list of destinations as well.Of course, you should never leave out your company’s base or “home market”. It will not make sense if you focus all your marketing efforts in other cities but ignore your own backyard altogether.You may have come across large companies choosing five-star hotels and prestigious venues for their investor roadshows. It is not a given that the more expensive the venue is, the more successful the roadshow will become. There is no guarantee of that. Sometimes, smaller and more humble venues may be the much better options for your company to connect with your potential investors.Reservations must b e made in advance. It is a fact that there may be last-minute changes due to unforeseen events. Make the arrangements in view of the possibility of these things happening.Details regarding the transportation and travel of the company’s participants to the investor roadshow must be hammered out clearly.4. Crafting and Delivery of the PresentationThe presentation refers to two things: the conduct of the presentation, and its content.In the conduct of the roadshow, you would consider the way that the roadshow will be carried out. Typically, those that are conducted in the middle of the day, will start with a short period for casual chats over cocktails. This could last for 20 to 30 minutes. After that, everyone will go for lunch. When lunch is over, it is time for the management or the representatives to make their presentation, which will then be followed by a question-and-answer (QA) session.Next, we will look into the content. We have already mentioned the typical topics that must be contained in the presentation of the company, which is essentially its business plan.Create a standardized presentation which will be given to the potential investors. This will also be a good source material for the practice of the presenters later on.Highlight the benefits of the company, both the qualitative and the quantitative. Do not stick to just presenting the facts and figures. While it is true that most investors look at the bottom-line and care about numbers, many of them will still want to know the qualitative benefits that they can expect from investing in the company.Talk about the corporate culture of the business, particularly the value of its employees and management. A lot can be said about a company when you look at its story, and investors will naturally want to know who they are investing in.5. Choosing the Right Person(s) to Represent the BusinessWho will make the presentation?Take note that these roadshows mean that management will be reaching out to inves tors, whether current or prospective. That means that members of the management must be present. After all, they are the ones who are most knowledgeable about the contents of the presentation. When the audience ask questions, they are also the ones who are most qualified to provide the answers.Investors put a lot of stock on the person making the presentation. In the case of IPOs, potential investors prefer seeing the Chief Executive Officer (CEO) and the Chief Financial Officer (CFO). It has been said that it is only during these roadshows that investors get to meet the top honchos of the company.6. Coaching and Practice for the PresentersYou can say that the roadshow is a storytelling session, and the presenters are the storytellers. Even storytellers need preparation and practice in order to deliver the story with the right nuance.No matter how knowledgeable or qualified the presenters are, a little coaching and lots of practice will not hurt. This will help them prepare better, as they will be able to anticipate questions that will be thrown their way, and simulation of the roadshow will make them even more confident when the real thing actually happens.It’s not just the operational and other managers who will benefit from coaching and practice, because even CEOs and CFOs will find that these will arm them better when the actual roadshow takes place.7. Knowing your audienceThe biggest reason for getting to know your audience is so you can better differentiate your company in their minds. Investors have different perspectives when looking at potential investments, and if you do not know these perspectives, you will not be able to create and present your presentations in a way that will engage their attention and hold their interest.8. Other tips for Roadshow PlanningPlan well ahead of time. In large companies with established departments dedicated solely for investor roadshows, they start planning well in advance, and they plan the roadshows that they wil l conduct over the course of the next 6 or 12 months.Economize, but do not skimp. You might think that you will be saving money if your CEO and CFO travel in economy. Consider the reality that they might be uncomfortable during a long flight, and will not be able to be in the best condition once they arrive at their destination. There are also benefits to letting your team stay in a more expensive hotel; they will be well-rested for when they face the investors the next day. There is nothing wrong with trying to keep your costs low during the investor roadshow, but consider the long-term effects of your decisions. You may get better results even if you spend more.

Tabloid Content - 1427 Words

â€Å"The success of News Ltd is based on tabloid content† 1. Introduction News has always been a matter of commerce, and it has always entertained as well as informed (Barkin 2003, p.64). News Ltd, undeniably, has focused on tabloid content in order to derive an enormous benefit from it. To rise fame, broadly speaking, News Ltd has exploited the interest of the target audiences, crucially by appealing to their human side. This is to say that the success of New Corporations is mainly contributed by tabloid contents. 2. What is tabloid? Traditionally, as Barkin (2003, p.61) defined, tabloid referred to the size of a page in a newspaper, its papers had smaller pages and often contained sensational contents. However, there is another aspect that†¦show more content†¦Generally, it is not completely good conclusion that public interest does invade the private life of famous persons because there are still moral values that it does evaluate (Archard 1998, p.90). 5. Examples from Murdoch In Chenoweth’s view (2001, p.58), Rupert Murdoch â€Å"is a powerfully ordinary figure† and is â€Å"the archetypal modern media mogul† (Chenoweth 2001, p. xiii). Undeniably, this person’s News Corporation is one of the largest communications conglomerates in the world. His News empire holds companies in America, Britain and Australia†¦ Time magazine used to rate him as the fourth most powerful person in the United States, behind the President, the head of the Federal; Reserve Bank, and Bill Gates at Microsoft. In Australia, Telstra- a government-owned telephone, paid for a $ 3 billion fibre-optic cable rollout for Foxtel, a joint-venture cable service with Murdoch (Chenoweth 2001, pp. 119-120). Significantly, also, Murdoch is infamous for the tabloid contents in his newspapers; one of them is his Page 3 topless girl, which could be found in The Sun. As causing a big controversy, this page was about to be closed. However, this page is strongly advocat ed by the members of BBC forum. This is to say that people read newspapers not only for information but also for the satisfaction of human interest (Sunday Business 2003, p.1). What is more, Murdoch’s power did influence on political side through the media. To support theShow MoreRelatedThe Similarities and Differences Between Tabloid and Broadsheet Newspapers1211 Words   |  5 PagesThe Similarities and Differences Between Tabloid and Broadsheet Newspapers Newspapers fall into two distinct types, tabloids such as the Sun, Daily Express, Daily Mail and The Mirror, and broadsheets such as the Times, Telegraph and Independent. Tabloid papers focus more on celebrity issues and tend to sensationalise. Broadsheets tend to be more informative, covering more political and international news. Broadsheets are printed on A2 paper. They have a main story onRead MoreComparison of Newspaper Articles624 Words   |  3 PagesComparison of Newspaper Articles I have chosen two articles about the same story from two contrasting newspapers, one a tabloid and one a broadsheet. The tabloid I have chosen is The Mirror and the broadsheet is The Times. Both articles are taken from the papers of Tuesday 22nd October 2001. They cover the story about the outbreak of Anthrax in Washington DC where two postal workers died. I think the Mirror is aimed at people who do not want to read the news inRead MoreA Comparison of Two Different Newspapers1161 Words   |  5 Pagesnewspapers - a tabloid (The Mirror) and a broadsheet (The Times) report the same story. I will be looking at the presentation and the use of language as well as the basics of how the story is put forward and told. Both papers are reporting the same story in which Prince Philip made a statement along the lines that guns are no more dangerous than cricket bats following a shooting at a school in Dunblane in Scotland. In general there are many differences between tabloids and broadsheetsRead MoreHistory of the Newspaper2132 Words   |  9 PagesHistory of the Newspaper The first acknowledged newspaper came into existence in 1665 and was called the Oxford Gazette. During the development stages, newspapers were split into two separate camps. Firstly there are the tabloids. The tabloids have a long and interesting history behind them. Lord Northcliffe; then owner of the Daily Mirror, launched the Daily Mirror in November 1903 and were aimed specifically for the female audience. In 1904 it was re-launched atRead MoreInternational Media s Coverage Of An Event Essay3208 Words   |  13 PagesAustralian tabloid newspaper, published and distributed in New South Wales. 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Differences and similarities between the three sources were great and all attempt to show the tragedy in ways unique to themselves. Typically, tabloid newspapers are written for human interest, using hyperbolic language to sensationaliseRead MoreComparing Articles on the September 11th Attack in Two Newspapers1182 Words   |  5 Pages In this essay I will analyse and compare a broadsheet and a tabloid newspaper article. I hope to be able to find differences and similarities in both articles. The Sun, which is the tabloid paper, is more of a gossip paper than The Times, which is full of news and sophisticated vocabulary. The article I have chosen is about the service for the September 11th attack on the Twin Towers. I will concentrate on looking at the language used and the descriptive element ofRead More Photojournalism is Subjective NOT Objective Essay1492 Words   |  6 Pagespeople such as celebrities are often manipulated by tabloid magazines. Driven by the need to earn more revenue, these tabloid magazines often sensationalise their photos thus compromising the factual accounts. After all, a tabloid magazine credibility is determined by its number of readers. Sensationalism is a panacea for even the dullest news, think, who can resist a good gossip? From these examples, it is understood that the meaning and content of a photo illustration will be affected if altering

Effects Of Alcohol On Women s Drinking - 895 Words

Alcohol is very popular amongst all ages of women whether they drink before or after 21 years old or. Women are seen as vulnerable and weak, which is a typical stereotype society defines. A reason why women may drink is indefinite. There is not an exact reason why women drink, but there are many reasons why may one drink. Reasons may consist of positivity and/ or negativity for alcohol; however, there are many negative effects on women. Women drink in order to have fun and get loose, or if they are stressed and feel overwhelmed. Consumption of alcohol is every day, but people may not know what it is composed of. There are ingredients that people do not realize that would be in an alcoholic beverage. It is important for women to know what they are putting into their bodies. As women drink more, the more likely women are known to have a disorder. Eating disorders can play a big factor in drinking. Many people do not realize how alcohol is broken down, however, according to Kolander, â €Å"alcohol takes place through the stomach, where about 20 percent is absorbed directly into the bloodstream, and from the small intestine where 80 percent is absorbed and moves into the bloodstream and to all parts of the body† (p. 322). There are many types of alcohol; the three additional types of alcohol are methanol, isopropyl, and butyl. These ingredients are dangerous for the body. Methyl alcohol, also called wood alcohol, is an ingredient in such products as glass cleaners, turpentine,Show MoreRelatedAlcohol Use For Disease Control And Prevention1446 Words   |  6 Pagesâ€Å"Alcohol Use in Pregnancy.† CDC. 17 April 2014. Web. 20 April 2016. Centers for Disease Control and Prevention states that there is no known safe amount of alcohol use during pregnancy or while trying to get pregnant. 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Criminology and the Rule of Law Free Essays

The chapter begins by distinguishing between two types of law. Criminal law is a formal means of social control that uses rules, interpreted and enforced by the courts, to set limits on the conduct of the citizens, to guide the officials, and to define unacceptable behavior. Civil law is a means of resolving conflicts between individuals. We will write a custom essay sample on Criminology and the Rule of Law or any similar topic only for you Order Now It includes personal injury claims (torts), the law of contracts and property, and subjects such as administrative law and the regulation of public utilities. The author defines substantive law, procedural law and due process of law. The text defines the five ideal features of good criminal laws. They include politicality, specificity, regularity, uniformity, and penal sanction. The origins of criminal law are explored with a brief history of law in England and the law of early America. The history of the common law in England is examined with its influence on American law. The issue of constitutional law is discussed. Other law such as administrative and regulatory law is presented. The chapter then enters into a broad discussion of rocedural law. It concentrates on the rights of the accused. The Bill of Rights is discussed as a prelude to the most important amendments in procedural law. The author then explains, in detail, the Fourteenth, Fourth, Fifth, Sixth and Eighth Amendments to the U. S. Constitution with corresponding case law citations and brief summaries. The Fourth Amendment deals with the issue of search and seizure. It reads: The right of the people to be secure in their persons, houses, papers, and effects against unreasonable searches and seizures, shall not be violated, and no arrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the person or things to be seized. The Fifth Amendment deals with the issues of self-incrimination. It reads: No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offence to be twice put in Jeopardy of ife or limb, nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use without Just compensation. The Sixth Amendment deals with the issue of a right to an attorney. It reads: In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial Jury of the State and district wherein the crime shall have been committed; which district shall have been previously ascertained by law, and to be nformed of the nature and cause of the accusation; to be confronted with witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to nave the assistance ot counsel tor his detense. The Eight Amendment deals witn issue of cruel and unusual punishment: It reads: Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted. The chapter ends with a discussion of the many miscarriages of Justice. The legal system of the United States is unique in the world in the number of procedural rights that it rovides people suspected or accused of crimes. The primary reason for procedural rights is to protect innocent people from being arrested, charged, and convicted, or punished for crimes they did not commit. One of the basic tenets of the American legal system is that a person is innocent until proven guilty. The chapter deals with these issues and presents some alternatives for reform. Lecture Outline l. Two Types of Law: Criminal Law and Civil Law A. Criminal law is one of two general types of law practiced in the United States (the other is civil law). Criminal law is a formal means of social control that involves the se of rules that interpreted, and are enforceable, by the courts of a political community. The function of the rules is to set limits to the conduct of the citizens, to guide the officials (police and other administrators), and to define conditions of deviance or unacceptable behavior. 1. Substantive Law: The body of law that defines criminal offenses and their penalties. 2. Procedural Law: Procedural law governs the ways in which the substantive laws are to be administered. B. Ideal Characteristics of the Criminal Law 1. Politicality Specificity 2. Regularity 3. Uniformity 4. Penal Sanction . Criminal Law as a Political Phenomenon C. . Origins of Law England’s Contribution to American Criminal Law Magna Carta a. Creating Criminal Laws in the United States D. 1. Constitution and Legislative Bodies Common Law Precedent b. Stare Decisis Administrative or Regulatory Agency Decisions Interdependency among sources of legal authority . Procedural Law: Rights of the Accused A. The Bill of Rights B. The Fourth Amendment The right of the people to be secure in their persons, houses, papers, and effects against unreasonable searches and seizures, shall not be violated, and no warrants hall issue, How to cite Criminology and the Rule of Law, Papers

Techniques of Cost Accounting free essay sample

Cost accounting information is commonly used in financial accounting  information, but first we are oncentrating in its use by managers to take decisions. The accountants who handle the cost accounting information generate add value by providing good information to managers who are taking decisions. Among the better decisions, the better performance of your  organization, regardless if it is a manufacturing company, a  bank, a  non-profit organization, a  government  agency, a school club or even a  business school. The cost-accounting system is the result of decisions made by managers of an organization and the environment in which they make them.The organizations and managers are most of the times interested in and worried for the  costs. The control of the costs of the past, present and future is part of the job of all the managers in a company. In the companies that try to have  profits, the control of costs affects directly to them. We will write a custom essay sample on Techniques of Cost Accounting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Knowing the costs of the products is essential for  decision-making  regarding  price  and mix assignation of products and services. The cost accounting systems can be important sources of information for the managers of a company.For this reason, the managers understand the forces and weaknesses of the cost accounting systems, and participate in the evaluation and evolution of the cost measurement and administration systems. Unlike the accounting systems that help in the preparation of  financial reports  periodically, the cost accounting systems and reports are not subject to rules and standards like the  Generally Accepted Accounting Principles. As a result, there is a wide variety in the cost accounting systems of the different companies and sometimes even in different parts of the same company or organization .