Inventory Classification, Systems, and Product Lifecycle
Inventory Classification and Management Systems
Inventory Classification by Function
- Strategic Stock: Ensures company survival during critical events (natural disasters, strikes, wars).
- Safety Stock: Buffers against unforeseen events.
- Speculative Stock: Purchased anticipating price increases.
- Technological Inventory: Materials required for specific processes.
- Work-in-Progress Inventory: Materials in production.
- Pre-Stocking Stock: Reserves for anticipated fluctuations.
- Balancing Stock: Prevents production
Accountancy Obligations and Financial Statements in Spain
Are There Direct Consequences for Violating Accountancy Obligations?
The Commercial Code imposes a series of requirements that must be complied with, and certain formalities to guarantee the veracity of the accounts.
- No direct sanction exists for violating the rules.
- However, the legislator is so interested in the accuracy of accounting that a material breach of the duty of keeping such records (double counting or commingling, leading to a material misunderstanding of their equity or financial situation)
Understanding Research Methodology: Types, Ethics, and Intellectual Property
1. Research Flow Cycle
Definition of Research: Research is a systematic investigation aimed at creating new knowledge or creatively using existing knowledge to develop new concepts, methods, and understandings. It involves forming hypotheses, analyzing data, and drawing conclusions to either support or refute these hypotheses. Research contributes original insights, adding to the existing knowledge base.
Research Flow Cycle with Explanation
The Research Flow Cycle is a systematic process that guides
Read MoreConceptual Framework: Advantages, Disadvantages & Measurement
What is a Conceptual Framework?
A conceptual framework for financial reporting is a statement of generally accepted theoretical principles, which form the frame of reference for financial reporting. Its theoretical principles provide the basis for:
- The development of accounting standards.
- The understanding and interpretation of accounting standards.
Advantages of a Conceptual Framework
- Accounting standards are developed on the same theoretical principles.
- The development of accounting standards is less
Software Engineering Risk Management
Risks in Software Engineering
Key Features of Risks:
- Uncertainty: Probability of occurrence.
- Losses: Potential negative impacts.
- Areas Affected: Product, performance, maintainability, production process, development time, cost.
Types of Risks:
- Project Risks: Increased costs, organizational overflow.
- Technical Risks: Risks related to technology and development.
- Business Risks: Market, strategy, sales, management, budget.
Risk Identification & Groups
Risks can be categorized as:
- Generic Risks: Common to
Information Systems in Organizations: Types and Functions
Information Systems in Organizations
Chapter 3: Information Systems in Organizations
Information Systems (IS) are used to store and process data for sales, payrolls, stock management, and more. They must be useful, effective, and efficient.
Evolution of Information Systems
There are five stages in the evolution of IS:
- Very elemental: Only manual procedures.
- Application of IT: IT is applied to data processing; the first data processing centers appear.
- Information Systems Department: IS departments appear