- Financial Management
Hedge Fund Strategies in Finance
Hedge Fund Strategies There are various hedge fund strategies and sub-strategies that exist within the hedge fund universe. It is difficult to explain every sin
- Cost Accounting
Why do variances arise in costing
Variance in cost accounting is the difference between the actual cost of something and the expected cost of something. For example, a direct material cost varia
- Financial Management
The Payback Period Method of Investment Appraisal
The payback period is the amount of time it takes to recover the investment’s initial outlay. In other words, it is the amount of time it takes for the pr
- Financial Accounting Concepts
Accounts for manufacturing businesses
What are manufacturing businesses? A manufacturing business is involved in the production of goods. Typical examples of a manufacturing business are car manufac
- Financial Accounting Concepts
What are the final accounts? and how to prepare them?
By final accounts, we mean manufacturing and trading account (only trading accounts in the case of non-manufacturing entities), profit and loss accounts, and ba
- Cost Accounting
ERP Implementation Guidance for Management Accountants
ERP implementation is an investment that may or may not pay back for the investment. A successful ERP implementation involves much more than an easy ‘plug and p
- Financial Management
What are the Differences between Future and Options?
Futures and options are both types of financial derivatives that allow traders to speculate on the future price of an underlying asset. However, there are some
- Cost Accounting
What is Material Cost Variance in Costing?
Material Cost Variance (MCV) is the difference between the standard cost of the material allowed (standard material) for the output to be achieved and the actua
- Financial Accounting Concepts
Choosing the Best Accounting Books for Students
Some of the best accounting books that you can buy are books that will provide an overview and explain the basic concepts of the subject, such as the basics of
- Cost Accounting
What is variance analysis and its usefulness?
Variance refers to the difference between the standard and actual variables. For example, you can calculate the selling price variance to find the difference be