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Financial Management
Primary Market and Secondary Market
In order to make it easier to buy and sell securities, the primary market and secondary market are two crucial elements of the financial ecosystem. Although the
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Corporate Accounting
What is the Procedure to Issue Shares for Capital?
Companies issue shares to raise capital to finance their operations, such as expanding their business, developing new products, or entering new markets. When a
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Cost Accounting
What Are Relevant Costs – Meaning and Types
Relevant costs are those costs that will be incurred as a result of a decision and thus should be considered when making that decision. In cost accounting, rele
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Cost Accounting
What are Flexible Budget and Flexible Budget Variance?
A budget is a future-oriented strategy. Therefore, budgets are planning tools, and they are often produced prior to the beginning of the budgeted period. Howeve
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Financial Accounting Concepts
What Are Joint Products and By-Products?
In cost accounting, joint products and by-products are two types of products that are produced from the same manufacturing process. Joint Products Joint product
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Financial Management
What are the Differences between Future and Options?
Futures and options are both types of financial derivatives that allow traders to speculate on the future price of an underlying asset. However, there are some
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Cost Accounting
What Are the Limitations of Absorption Costing?
The term “absorption costing” refers to a method of inventory costing that treats all direct and indirect manufacturing costs as inventory costs. Th
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Cost Accounting
What are non-manufacturing costs or period costs?
Period Costs Period costs, also referred to as nonmanufacturing costs, are expenses that a business incurs to maintain its operations but are not directly assoc
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Cost Accounting
Introduction to Operating Costing in Cost Accounting
Operating Costing in Cost Accounting Operating costing provides information about the cost of operating a company’s production facilities. It includes the
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Financial Accounting Concepts
IAS 1 Presentation of Financial Statements
IAS 1 is the foundation of the IAS framework and sets out the overall requirements for the presentation of financial statements. It requires companies to presen