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Canadian Imperal Bank of Commerce - Essay Example
Finance & Accounting
Pages 6 (1506 words)
ACCOUNTING PROJECT Abstract Management accounting is an integral part of any business organization. The information generated through management accounting procedures followed in an organization helps the managers of the company to take various strategic decisions for the organization…
It also has a business segment offering financial services to its customers. Wal-Mart Canada is one of the international divisions of Wal-Mart Inc. in USA. It is considered to be the largest retail group in the world and offers wide range of products and services to its clients through its retail stores. Different cost management practices followed by these three companies have been studied here. All the three companies have been observed to follow expansion strategies. It results in the growth of sales at a higher pace than the increase in operating expenses of the companies. CIBC and Canadian Tire have been following the Activity Based Costing (ABC) system. JIT, wage management strategy while Wal-Mart has also effectively implemented other cost minimization strategies. Following these management accounting practices, all the three companies are expected to have a sustainable growth in future. Table of Contents Table of Contents 3 Introduction 4 Canadian Imperial Bank of Commerce (CIBC) 4 Canadian Tire 6 Wal-Mart Canada 7 Conclusion 8 References 10 Introduction Accounting relates to a process of recording of business transactions carried out by an organization. ...
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