Assume you are managing a project involving the implementation of a new computer system. you have received a brief from senior management and created your project team and drafted a plan relating to the project. you will need to work closely with team members and stakeholders and you have had several meetings and attended presentations with the finance division to gain a full understanding of their policy and processes. what do you consider to be the key attributes of a sound financial management process to ensure the key objectives and kpis of this project and the organisation are met (refer to the financial management cycle) - guide: 200 words in length.

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Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?

When balancing wheels with either dynamic or road force balancers, technician a says it is really important to follow the instructions provided with the particular balancer you're using. technician b says that when rebalancing a wheel, if it is out of balance, it is best to remove the old weights and recheck the balance before adding new weights. who is correct?