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Financial Management
Accounting Rate of Return: Investment Appraisal Technique
The investment appraisal approach is a way of appraising financial assets following their anticipated future cash flows. It is frequently used to determine
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Cost Accounting
What is a Cost Audit? – Meaning and Definition
A cost audit is designed to uncover and correct or prevent errors in the accounting of materials and services to customers. It is an ongoing process of che
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Financial Accounting Concepts
What are limited liability companies?
Limited liability companies are a type of organisation owned by shareholders, whose liability is limited to the amount that they invested in the company. S
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Cost Accounting
What are the advantages of absorption costing?
Absorption costing is an accounting cost approach that includes the cost of producing a product or providing a service. Absorption costing comprises materi
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IFRS
GAAP and IFRS: Effects of Globalization
Globalisation has considerably influenced the way accounting is being practised worldwide. The reason for this is that laws are diverse throughout every co
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Cost Accounting
What is Ratio Analysis? – Meaning and Types of Ratios
Ratio analysis is one of the most useful techniques for the analysis or interpretation of the financial statement. The term ratio may be defined as an arit
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Financial Management
What are various equity valuation methods
The term equity valuation refers to the process of determining the fair market value of equity securities. The equity valuation method is divided into thre
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Cost Accounting
What is Direct Labour Cost Variance
Direct labour cost variance refers to the standard cost of direct labour for the actual number of units produced less the actual cost. A total variance mig
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Financial Accounting Concepts
Partnership Accounting: Preparing Appropriation Account
What is a Profit and Loss Appropriation Account? In this post, we will talk about appropriation accounts in accounting for partnerships. The appropriation
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Cost Accounting
What are the Advantages of Cost Audit?
A cost Audit is an important part of a company’s financial and risk management. The main purpose of this cost audit is to help the company to save money by
