|
Edward P. Moxey
Edward Preston Moxey, Jr. (October 2, 1881 – April 6, 1943 ) was an American accountant, and the first Professor of Accounting at the Wharton School of the University of Pennsylvania, Wharton School of Finance and Commerce at the University of Pennsylvania.Matz, Adolph.Edward P. Moxey, Jr. ''The Accounting Historians Journal'' (1976): 63-68.Jstor stable link He is known for his early works on cost keeping in factories, which describe the elementary principles of cost accounting. Biography Born in Philadelphia to Edward P. and Mary Ann, Moxey was named after his father. He was banker, broker, businessman and accountant, had founded the Edward P. Moxey accountancy firm, and had published the 1881 book, entitled "Fluctuations of the New York stock market, 1870-1880." Moxey obtained his BS in Economics in 1904, his MA in 1906, and his PhD at the University of Pennsylvania in 1909. Subsequently, he obtained his Certified Public Accountants license in 1913 for the state of Pennsyl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward P
Edward is an English given name. It is derived from the Anglo-Saxon name ''Ēadweard'', composed of the elements '' ēad'' "wealth, fortune; prosperous" and '' weard'' "guardian, protector”. History The name Edward was very popular in Anglo-Saxon England, but the rule of the Norman and Plantagenet dynasties had effectively ended its use amongst the upper classes. The popularity of the name was revived when Henry III named his firstborn son, the future Edward I, as part of his efforts to promote a cult around Edward the Confessor, for whom Henry had a deep admiration. Variant forms The name has been adopted in the Iberian peninsula since the 15th century, due to Edward, King of Portugal, whose mother was English. The Spanish/Portuguese forms of the name are Eduardo and Duarte. Other variant forms include French Édouard, Italian Edoardo and Odoardo, German, Dutch, Czech and Romanian Eduard and Scandinavian Edvard. Short forms include Ed, Eddy, Eddie, Ted, Teddy a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emile Garcke
Emile Oscar Garcke (1856 – 14 November 1930) was a naturalised British electrical engineer, industrial, commercial and political entrepreneur managing director of the British Electric Traction Company (BET), and early author on accounting.Michael Chatfield.Emile Garcke" in: ''History of Accounting: An International Encyclopedia.'' Michael Chatfield, Richard Vangermeersch eds. 1996/2014. p. 269-70. who is noted for writing the earliest standard text on cost accounting in 1887. Biography Born in Saxony, Germany in 1856, Garcke came to England at an early age, becoming a naturalised British citizen in 1880. In 1883 he became Secretary of the Anglo-American Brush Electric Light Corporation, was promoted to Manager in 1887 and became Managing Director of its successor company, Brush Electrical Engineering Company in 1891. In 1893 he was managing director of the Electric Construction Co and lead its reorganisation. He was a great believer in electric traction and set up the British ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Esbjörn Segelod
Esbjörn Segelod (born 1951) is a Swedish organizational theorist and Professor in Business Administration at the Mälardalen University College, School of Business Society and Engineering. He is best known for his work on "knowledge in the software development process" and "software innovativeness"Lamastra, Cristina Rossi. "Software innovativeness. A comparison between proprietary and Free/Open Source solutions offered by Italian SMEs." R&d Management 39.2 (2009): 153-169. Life and work Segelod obtained his PhD at the University of Gothenburg in 1986 with the thesis, entitled "Kalkylering och avvikelser : empiriska studier av stora projekt i kommuner och industri" (Capital expenditure planning and planning deviations). After graduation Segelod started his academic career at the University of Gothenburg. In the late 1980s Segelod moved to the Uppsala University, where he was affiliated with its Företagsekonomiska institutionen (Institute for Business Administration). In the late ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Variance (accounting)
In budgeting (or management accounting in general), a variance is the difference between a budgeted, planned, or standard cost and the actual amount incurred/sold. Variances can be computed for both costs and revenues. The concept of variance is intrinsically connected with planned and actual results and effects of the difference between those two on the performance of the entity or company. Types of variances Variances can be divided according to their effect or nature of the underlying amounts. When effect of variance is concerned, there are two types of variances: * When actual results are better than expected results given variance is described as favorable variance. In common use favorable variance is denoted by the letter F - usually in parentheses (F). * When actual results are worse than expected results given variance is described as adverse variance, or unfavourable variance. In common use adverse variance is denoted by the letter U or the letter A - usually in parenth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adolph Matz
Adolph Matz (April 25, 1905 – October 1, 1986) was a German/American organizational theorist, and Professor of Accounting at the Wharton School of the University of Pennsylvania, known for his work on cost accounting. Life and work Matz was born in KarlsruheMichael-Jörg Oesterle et al. ''Internationalisierung und Institution'' Springer-Verlag, 2005. p. 454 or Heidelberg, Germany and started his studies in Weimar Republic. In the early 1930s he came to the United States, and obtained the American citizenship in 1933. He obtained his BA in 1932 at the Wharton School of the University of Pennsylvania, where he also obtained his MA in 1933 and his PhD in 1937. He started his academic career at the Wharton School of the University of Pennsylvania The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a Private university, private Ivy L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scientific Management
Scientific management is a theory of management that analyzes and synthesizes workflows. Its main objective is improving economic efficiency, especially labor productivity. It was one of the earliest attempts to apply science to the engineering of processes to management. Scientific management is sometimes known as Taylorism after its pioneer, Frederick Winslow Taylor. Mitcham, Carl and Adam, Briggle ''Management'' in Mitcham (2005) p. 1153 Taylor began the theory's development in the United States during the 1880s and 1890s within manufacturing industries, especially steel. Its peak of influence came in the 1910s. Although Taylor died in 1915, by the 1920s scientific management was still influential but had entered into competition and syncretism with opposing or complementary ideas. Although scientific management as a distinct theory or school of thought was obsolete by the 1930s, most of its themes are still important parts of industrial engineering and management to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time Book
A time book is a mostly outdated accounting record, that registered the hours worked by employees in a certain organization in a certain period. These records usually contain names of employees, type of work, hours worked, and sometimes wages paid. In the 19th and early 20th century time books were separate held records. In those days time books were held by company clerks or foremen or specialized timekeepers. These time books were used by the bookkeeper to determine the wages to be paid. The data was used in financial accounting to determine the weekly, monthly and annual labour costs, and in cost accounting to determine the cost price. Late 19th century additional time cards came in use to register labour hours. Nowadays the time book can be a part of an integrated payroll system, or cost accounting system. Those systems can contain registers that describe the labour time spend to produce products, but those registers are not regularly called time books, but timesheets. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Cost
Direct labor cost is a part of wage-bill or payroll that can be specifically and consistently assigned to or associated with the manufacture of a product, a particular work order, or provision of a service. Also, we can say it is the cost of the work done by those workers who actually make the product on the production line. Determination of the direct labor cost *Planning the work to be performed. *Describing the job content of the work, by indicating the skill, knowledge, etc. *Matching the jobs with the employees. Usage The direct labor cost is part of the manufacturing cost. Calculation of direct labor cost In the direct labor cost we need to have the job time and wage we will pay it to the worker to calculate the direct labor cost as in this formulation:- \text = \text \times \text Depending on the context, there are various methods to calculate personnel costs, such as on an hourly or daily basis. Wage The wage is the payment rendered to the worker per hour as a compen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
7 Relation Between Time Cards, And Work Tickets, 1919
7 (seven) is the natural number following 6 and preceding 8. It is the only prime number preceding a cube (algebra), cube. As an early prime number in the series of positive integers, the number seven has greatly symbolic associations in religion, mythology, superstition and philosophy. The seven Classical planets resulted in seven being the number of days in a week. It is often considered lucky in Western culture and is often seen as Symbolism of the Number 7, highly symbolic. Unlike Western culture, in Vietnamese culture, the number seven is sometimes considered unlucky. It is the first natural number whose pronunciation contains more than one syllable. Evolution of the Arabic digit In the Brahmi numerals, beginning, Indians wrote 7 more or less in one stroke as a curve that looks like an uppercase vertically inverted. The western Ghubar Arabs' main contribution was to make the longer line diagonal rather than straight, though they showed some tendencies to making the digit m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payroll
A payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and withheld taxes, or the company's department that deals with compensation. A company may handle all aspects of the payroll process in-house or can outsource aspects to a payroll processing company. Payroll in the U.S. is subject to federal, state and local regulations including employee exemptions, record keeping, and tax requirements. Frequency Companies typically process payroll at regular intervals. This interval varies from company to company and may differ within the company for different types of employee. According to research conducted in February 2022 by the U.S. Department ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
3 Operations Of A Factory System, 1919
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious or cultural significance in many societies. Evolution of the Arabic digit The use of three lines to denote the number 3 occurred in many writing systems, including some (like Roman and Chinese numerals) that are still in use. That was also the original representation of 3 in the Brahmic (Indian) numerical notation, its earliest forms aligned vertically. However, during the Gupta Empire the sign was modified by the addition of a curve on each line. The Nāgarī script rotated the lines clockwise, so they appeared horizontally, and ended each line with a short downward stroke on the right. In cursive script, the three strokes were eventually connected to form a glyph resembling a with an additional stroke at the bottom: ३. The Indian digits spread to the Caliphate in the 9th c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
