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Lecture

Business Expense: Create an expense claim

Description

This lecture covers the process of creating an expense claim for business travel and expenses at EPFL. It includes detailed steps on how to prepare, submit, and manage expense claims, as well as tips on assigning costs and approving requests.

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Related concepts (12)

Approval voting

Approval voting is an electoral system in which voters can select many candidates instead of selecting only one candidate. Approval voting ballots show a list of all the candidates running and each voter indicates support for as many candidates as they see fit. Final tallies show how many votes each candidate received, and the winner is the candidate with the most support. Approval voting advocates Steven Brams and Dudley R. Herschbach predict that Approval should increase voter participation, prevent minor-party candidates from being spoilers, and reduce negative campaigning.

Sequential proportional approval voting

Sequential proportional approval voting (SPAV) or reweighted approval voting (RAV) is an electoral system that extends the concept of approval voting to a multiple winner election. It is a simplified version of proportional approval voting. Proposed by Danish statistician Thorvald N. Thiele in the early 1900s, it was used (with adaptations for party lists) in Sweden for a short period from 1909-1921, and was replaced by a cruder "party-list" style system as it was easier to calculate.

Proportional approval voting

Proportional approval voting (PAV) is a proportional electoral system for selecting committees. It is an extension of the D'Hondt method of apportionment that additionally allows for personal votes (voters vote for candidates, not for a party list). The voters vote via approval ballots where each voter marks those candidates that the voter finds acceptable. The system was first proposed by Thorvald N. Thiele. It was used in combination with ranked voting in the early 20th century in Sweden, for example between 1909 and 1921 for distributing seats within parties, and in local elections.

Expense

An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture, or an automobile is often referred to as an expense. An expense is a cost that is "paid" or "remitted", usually in exchange for something of value. Something that seems to cost a great deal is "expensive".

Overhead (business)

In business, overhead or overhead expense refers to an ongoing expense of operating a business. Overheads are the expenditure which cannot be conveniently traced to or identified with any particular revenue unit, unlike operating expenses such as raw material and labor. Therefore, overheads cannot be immediately associated with the products or services being offered, thus do not directly generate profits. However, overheads are still vital to business operations as they provide critical support for the business to carry out profit making activities.

Related concepts (12)

Approval voting

Sequential proportional approval voting

Proportional approval voting

Expense

Overhead (business)