Material Pricing Methods
Material Pricing Methods The following approaches of pricing are prevalent in the market and a firm may adopt any of them according to their suitability. First in First Out Method…
What is Material Cost Control? Functions, Features, Process, Techniques, Quantity
What is Material Cost Control? Material cost control is a set of strategies and practices employed by businesses to manage and optimize the costs associated with acquiring and using materials…
What is Working Capital? Definition, Types, Cycle, Sources
What is Working Capital? Working Capital is another part of the capital which is needed for meeting day to day requirement of the business concern. For example, payment to creditors,…
What is Cash Flow Statement? Uses, Objectives, Preparation, Limitations
What is Cash Flow Statement? A cash flow statement is a financial statement that shows the inflows and outflows of cash and cash equivalents for a business during a particular…
Determination of Working Capital
Nature of an enterprise For a firm engaged in manufacturing activity, a sufficiently large amount of funds will be required to carry inventories. Small companies have smaller proportions of cash,…
Inventory Control Techniques
Inventory Control Techniques For effective inventory control, some important systems are described in the following sections. Perpetual Inventory System The continuous stock-taking system is known as perpetual inventory system. According…
Management Accountant
What is a Management Accountant? Management Accounting represents a happy blending of the two older professions of ‘Management’ and ‘Accounting’. The two important elements in the success of a business…
Types of Accounting: Financial, Cost, Management Accounting
What is Financial Accounting? Financial Accounting the process of identifying, measuring, and communicating economic information to permit informed judgements and decisions by users of the information. Financial Accounting Definition Objectives…
What is Financial Statement Analysis? Types, Limitations, Objectives
What is Financial Statement Analysis? Financial statement analysis is the process of examining and interpreting a company's financial statements to assess its financial performance, position, and overall health. This analysis…
What is Management Accounting? Definition, Functions, Objectives
What is Management Accounting? Management Accounting is that field of accounting which deals with providing information including financial accounting, information to managers for their use in planning, decision making, performance…
