Big4WallStreet Finance Blog — budgeting

The offshore marine services industry plays an indispensable role in supporting a wide range of maritime and energy-related operations across the world’s oceans. It serves as the foundation for offshore industries such as oil and gas exploration, renewable energy development, subsea construction, and global maritime logistics. This highly specialized sector enables companies to operate in some of the most remote and challenging marine environments, providing the critical infrastructure, personnel, and technology necessary for offshore projects to function smoothly and efficiently. At its core, the industry is capital-intensive, requiring substantial investments in advanced vessels, cutting-edge technologies, and highly skilled maritime professionals....

Humans are inherently social creatures, and the need to belong to a community has been an essential part of our existence since the dawn of time. Communities, whether physical or virtual, serve as spaces for people to connect, collaborate, and support one another. Over the centuries, these communities have evolved significantly—from tight-knit ancient societies to sprawling online networks that connect people across the globe. This article explores the history of communities, their transformation through time, and the pivotal role online communities now play in bridging geographical and cultural divides. Ancient Communities: The Foundation of Human Connection The earliest human communities...

1.           Intro to Management Accounting a.    Definition  “Management accounting is a system which analyses historical, actual and forecast data to provide managers the information for decision making.”    b.   The management accounting department The department provides management information for:  Planning: budget for the year, budget updates during the year, long term plan beyond the year.  Controlling: how do the revenues and costs compare with the budgeted ones and those of the previous periods. What are the variances? What are the reasons for the variances?  Decision Making: profitability assessment, buildup of selling prices, product costs comparisons (inventory, manufacturing, labor etc..), make...