- Cost Accounting
Difference between Absorption Costing and Marginal Costing
Absorption costing and marginal costing are two costing approaches that determine what should be the cost of a product. Let’s understand their differences
- Cost Accounting
What is Cost Tracing – Meaning and Purpose of Cost Tracing
Cost tracing is an important part of cost estimation. It allows us to compare costs for a given product between different cost centres. In order to do this, we
- Corporate Accounting
MCQ with Answers about Bonds and Bonds Value
Bonds and Bonds Value Quiz The stated interest payment, in dollars, made on a bond each period is called the bond: A) Coupon B) Face value. C) Maturity D) Yield
- Financial Management
What is Money Measurement Concept in Accounting?
The money measurement concept states that a corporation should only report those accounting transactions that can be represented in terms of money. It means tha
- Financial Management
Factors determining the credit policy of a firm
The credit policy of a firm is concerned with how much to sell on credit and the time within which the debt must be settled or the amount must be recovered. Cre
- Cost Accounting
Difference between imputed costs and capitalised costs
Imputed Costs Imputed costs are those costs that do not involve any cash outlay. For example interest on capital, it not an expense actually paid in monetary te
- Corporate Accounting
Internal rate of return method for investment appraisal
The Internal Rate of Return (IRR) is one of the most common methods for investment appraisal. IRR is also known as the Internal Capitalization Rate. It is one o
- Financial Accounting Concepts
Accounting for not-for-profit organisations
A not-for-profit organisation is a business or entity established by individuals to further an end, not-for-profit and charitable. Not-for-profit organisations
- Corporate Accounting
Ratios that are likely to help the management
Ratio analysis is the process of looking at and interpreting data from financial accounts, such as the balance sheet and profit & loss account. It involves
- Cost Accounting
What is Activity-Based Costing (ABC)?
What is Activity-Based Costing? Activity-based costing (ABC) is an approach for measuring the costs of producing or delivering goods or services. The ABC approa