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Corporate Accounting
What is financial reconstruction? Objectives and Impacts
Financial reconstruction refers to the process of revamping or restructuring a company’s financial situation to improve its viability and profitability. T
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Cost Accounting
What is a sunk cost and its impact on decision making
A sunk cost is that which has been incurred or committed in the past and is, therefore, irrelevant to the decision-making purpose because the decision-maker no
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Cost Accounting
What are Direct Expenses in Costing? – Meaning and Examples
A direct expense is an expenditure that can be easily traced back to a specific cost centre within a company. Direct expenses are also known as chargeable expen
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Cost Accounting
Job Order Costing versus Process Costing
Job order costing is a form of accounting that attributes individual costs directly to a completed job or service rather than to the manufacturing department. I
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Corporate Accounting
What Are Sweat Equity Shares and Why Are They Issued?
Sweat equity shares are equity shares granted to employees of a company on favourable terms in recognition of their work. Sweat equity shares are one form of sh
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Forensic Accounting
The Use of Data Analytics in Forensic Accounting Investigations
In recent years, the area of forensic accounting has evolved rapidly, partly as a result of technological improvements. The use of data analytics in forensic ac
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Cost Accounting
Difference between Spoilage and Defectives in Cost Accounting
In cost accounting, spoilage and defectives refer to different types of quality issues that arise during the production process. While both terms indicate a dev
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Differences between imputed costs and capitalised costs
Among the many categories of costs, imputed costs and capitalized costs are the most confusing. Both play a critical role in assessing and managing expenses, bu
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Cost Accounting
What is Performance Budgeting?
The process of performance budgeting entails evaluating an organization’s performance within the context of the organization’s particular objectives
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Financial Accounting Concepts
What Does Mean Reconstitution of Partnership?
Reconstitution of partnership refers to a change in the existing structure or terms of a partnership firm while keeping its business operations intact. It takes