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Financial Accounting Concepts
What are Liquidity Ratios? – Meaning and Formula
Liquidity ratios measure the short-term financial solvency of a business. Here the short term refers to a period of 12…
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Cost Accounting and Cost Management
What is Fixed Overhead Volume Variance?
The fixed overhead volume variance is also referred to as the production volume variation because this variance is dependent on…
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Financial Accounting Concepts
What are Current Liabilities? Meaning and Types
Liabilities are the obligations to pay money, render services, or deliver goods at a later date as a result of…
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Financial Accounting Concepts
What is the Modified Internal Rate of Return (MIRR)?
In an effort to solve some of the shortcomings of the IRR method, financial analysts have devised an alternate evaluation…
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Cost Accounting and Cost Management
What is Throughput Costing?
Throughput costing, also known as super-variable costing, is a relatively recent concept. Except for direct materials, all expenditures are treated…
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Financial Accounting Concepts
What Does Mean Substance Over Form?
In accounting, the phrase “substance over form” refers to a preference for the underlying truth of a transaction above its…
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