Finance, Financial Accounting and Management Accounting
Finance Atrill & McLaney (2008) describe Finance (also referred to as financial management) as being something likened to accounting rather than accounting itself. Atrill & McLaney (2008) go on...
View ArticleMarking, Finance and Operations
The three basic functions of a firm, as Heizer and Render (2009, p.4) have outlined, are applicable to all firms and organisations; whether private, government, non-profit or any other type of...
View ArticleIntegrating Finance with Operations Management
Heizer & Render (2009, p.33) explains an organisations strategy as its “action plan to achieve the mission”. The mission can be defined as “the purpose or rationale for an organisation’s existence”...
View ArticleMaterial Requirements Planning (MRP), what is it and how do we perform it...
MRP (material requirements planning) is a technique of assessing dependent demand by using a BOM (bill of material), inventory, expected receipts and a MPS (master production schedule) to determine the...
View Article
