What does SG stand for?

Societe Generale in North America offers a full range of services tailored to institutional, corporate and government clients. In the large and competitive American market, we take a pragmatic approach of focusing on areas where we have demonstrated global expertise. The Group consists of three main pillars backed by two business lines.

Ancient Singapore

Smart businesses keep a close eye on SG&A, making sure they’re spending enough to grow without overextending themselves. This number helps businesses see how much they’re spending on these types of expenses, separate from the costs of making their products. This covers non-production costs, like administrative salaries and rent, but excludes sg&a meaning production costs. Cost of Goods Sold (COGS) → This is a category of expenses incurred in the direct production and delivery of a company’s products or services. Singapore is a parliamentary republic and its legal system is based on common law.

• The SG&A formula is calculated by adding up all the expenses incurred by a business that are not directly related to the production of goods or services.
• Investors and business owners pay close attention to SG&A because it can be a good indicator of whether a company is managing its expenses wisely.
• Indirect selling expenses include costs you incur before or after a sale, like marketing, advertising, promotional expenses, travel costs, and salaries for salespeople (if applicable).

Companies often reduce these expenses by automating routine tasks, such as payroll processing, invoicing, and inventory management. Automation not only saves money on salaries but also increases efficiency by reducing errors. Managing Selling, General, and Administrative (SG&A) expenses is key to maintaining a healthy balance between cost control and business growth. For corporate leaders, understanding how SG&A impacts the bottom line can help them make smarter financial decisions and improve operational efficiency. Here’s how you can effectively manage SG&A while still driving success.

Post-war period

COGS (Cost of Goods Sold) refers to the direct costs of producing goods, like raw materials and labor. SG&A shows up as a separate line on a company’s income statement, usually below the gross profit. This makes it easy to see how much the business is spending to keep the lights on and to promote its products, aside from the costs of actually making those products. The reporting of SG&A expenses in an accurate manner is absolutely necessary for companies in order for them to determine their financial health and profitability.

Land use

Société Générale is often nicknamed SocGen (pronounced “sock jenn”) in the international financial world. In December 2021, Amundi finalized its acquisition of Lyxor Asset Management from Société Générale.40 Lyxor was an investment company based in France, and a wholly owned subsidiary of Société Générale. It offered exchanged-traded index funds and other ETFs, exchanged-traded notes (ETN),41 and several other products to private and corporate investors. The industry underwent some quite radical changes, one of the most striking of which was much greater specialisation of credit.

The dishes featured in this programme include Singaporean “hawker” fare such as Teochew porridge, bak chor mee, Hainanese chicken rice, and Satay (meat skewers) on certain routes. Singapore Airlines offers a wide array of food options on each flight. Regional dishes are often served on their respective flights, such as the Kyo-Kaiseki, Shi Quan Shi Mei, and Shahi Thali meals, available for first-class passengers on flights to Japan, China and India, respectively.

• Companies don’t want to cut SG&A too much, especially in areas that help them grow, like marketing.
• The industry underwent some quite radical changes, one of the most striking of which was much greater specialisation of credit.
• We will now see some live examples of companies selling General & Administrative expenses.
• Direct expenses occur when you sell a product, and they include shipping supplies and delivery charges.

International organization participation

Tracking SG&A helps companies figure out where their money is going and whether they’re spending too much on things that don’t lead directly to making or selling products. If a business wants to stay in good financial health, it needs to keep these costs under control. Yes, salaries for employees such as executives, administrative staff, and other employees who are not salespeople are included in SG&A expenses. These costs are categorized as administrative expenditures and fall under the SG&A umbrella of expenses. However, it is essential to keep in mind that SG&A expenses do not always include a person’s total salary.

While it is constitutionally a multi-party democracy where free elections are regularly held, it functions as a de facto one-party state, with the People’s Action Party (PAP) maintaining continuous political dominance since 1959. The PAP’s longstanding control has resulted in limited political pluralism and a highly centralised governance structure over national institutions. One of the five founding members of ASEAN, Singapore is also the headquarters of the Asia-Pacific Economic Cooperation Secretariat, the Pacific Economic Cooperation Council Secretariat, and is the host city of many international conferences and events.

It may help to think about SG&A as four key categories of expenses – marketing, sales, development and overheads. Depending on your business, you could refine and subdivide the categories further to get more detailed insight in your costs…but if your company is still relatively immature, we suggest keeping things simple. From the beginning of the 1980s, against a backdrop of deregulation and technological change, internationalisation of the markets and the emergence of new financial instruments, Société Générale set itself two commercial objectives. It focused increasingly on private customers via its network of branches and by acquiring specialised subsidiaries. It pursued and expanded its activities in the capital markets in France, and then, on a selective basis, in the different international financial centres.On 29 July 1987 Société Générale was privatised.

In short, direct costs are directly related to the product being sold, while indirect costs are what you spend money on to earn sales. A balanced approach is necessary—cut costs where possible, but don’t undermine the support structures that keep the business running effectively. It’s about finding the right mix of cost-saving and investment to ensure the business can continue to grow and remain competitive.

Expenses such as rent, insurance, utilities, and supplies are examples of general expenses. Expenses related to company management, such as salaries for executives, administrative staff, and non-salespeople, are also examples of general expenses. Well for starters, you can break selling expenses down into direct and indirect costs of selling a product. Direct expenses occur when you sell a product, and they include shipping supplies and delivery charges. Indirect selling expenses include costs you incur before or after a sale, like marketing, advertising, promotional expenses, travel costs, and salaries for salespeople (if applicable).

The only real difference between operating expenses and SG&A is how you record them on the income statement. Some businesses prefer to list SG&A as a subcategory of operating expenses on the income statement. Other companies may prefer to separate selling expenses from the G&A costs on the financial statement instead.

The Société Générale developed its Corporate and Investment Banking businesses under the SG CIB brand name, introduced in 1998, which as of 2014 is subsumed by SG SS. Retail Banking was strengthened in 1997 through the acquisition of Crédit du Nord, highlighting the Group’s determination to capitalise on the restructuring of the French banking system. At the same time, Société Générale looked to secure the long-term loyalty of its customers (launch of “one account number for life” and introduction of Jazz, a package of service offers).