Direct expense and International Monetary Fund: Difference between pages

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imported>Doug Williamson
(Create page. Source: P Scott, Accounting for Business 3rd Edition 2019.)
 
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''Cost and management accounting.''
(IMF).  


Direct production expenses are expenses that:
An international organisation created by the Bretton Woods Agreement in 1944.


*Can be traced directly to production of a unit of the service or product; and
The IMF promotes international financial stability and monetary cooperation.
*Are neither labour nor materials.




Examples include power used to run production machinery, and any regular cleaning costs at the end of each batch of production.
The responsibilities of the IMF include:
 
*Oversight of the international monetary system.
*Monitoring the economic and financial policies of its member countries, encouraging policies that foster economic stability.
*Providing loans to member countries experiencing actual or potential balance of payments problems.
*Designing economic policies to enable member countries to manage their financial affairs more effectively.


== See also ==
== See also ==
* [[Direct costs]]
* [[Bretton Woods Conference]]
* [[Direct production cost]]
* [[Exchange rate]]
* [[Indirect costs]]
* [[Exchange Rate Mechanism]]
* [[Management accounting]]
* [[Monetary]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Revision as of 09:26, 24 August 2019

(IMF).

An international organisation created by the Bretton Woods Agreement in 1944.

The IMF promotes international financial stability and monetary cooperation.


The responsibilities of the IMF include:

  • Oversight of the international monetary system.
  • Monitoring the economic and financial policies of its member countries, encouraging policies that foster economic stability.
  • Providing loans to member countries experiencing actual or potential balance of payments problems.
  • Designing economic policies to enable member countries to manage their financial affairs more effectively.


See also