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Cost Accounting
What is Direct Labour in Costing?
Direct labour is the cost of the labour used to produce a product or service. It includes all wages, salaries, and other forms of employee compensation, su
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Financial Management
Hedge Fund Strategies in Finance | Learn Accounting Free
Hedge Fund Strategies There are various hedge fund strategies and sub-strategies that exist within the hedge fund universe. It is difficult to explain ever
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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
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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 t
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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 ma
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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, a
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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
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Financial Management
What are the Differences between Future and Options?
A futures contract is like a put or a call option; in that, you’re selling an underlying asset (like a bond, stock or foreign currency) and paying for that
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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
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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 basic
