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Cost Accounting
What is the Margin of Safety? Margin of Safety Formula
The Margin of Safety (MoS) refers to the difference between the actual/target output and the break-even level of output/quantity. The margin of safety (MOS) rat
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Financial Management
Earnings Per Share | How to Calculate EPS?
Earnings per share (EPS) represents the proportion of a company’s net income assigned to each outstanding share of ordinary stock. Many financial professi
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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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Financial Management
What are the Opportunity Costs? Meaning and Examples
Opportunity costs refer to the benefits lost or profits that are sacrificed while choosing an option over another one that has been chosen. When choosing betwee
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Financial Management
What are Avoidable and Unavoidable Costs?
In business and financial planning, knowing avoidable and unavoidable costs is critical to budgeting, cost control, and profitability analysis. Avoidable costs
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Cost Accounting
What is Labour Efficiency Variance? Meaning and Example
Labour Efficiency Variance is also known as Labour Time Variance. It is that portion of the Labour Cost Variance which arises due to the difference between the
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Financial Management
What is the Time Value of Money?
The Time Value of Money (TVM) is a fundamental principle in finance that states a dollar today is worth more than a dollar tomorrow. This is because money has t
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Cost Accounting
Meaning, Pros and Cons of Process Costing
The process is a series of stages that must be followed in order to finish a given task. The method of preserving cost records for each procedure is referred to
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Financial Accounting Concepts
ECO-14 Accountancy II – Solved IGNOU Assignment
Assignment Code: ECO-14/TMA/2021-22 What are the different types of branches? Explain various methods of keeping branch accounts in the books of the Head Office
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Corporate Accounting
Differences Between Rights and Bonus Issues of Shares
When firms are attempting to raise new capital or distribute earnings to current shareholders, they issue extra shares in rights issues or bonus issues. In spit