Essential of a Sound Budgeting System
Essential of a sound budgeting system – A budget is a plan as well as a control tool. It is a blueprint for the future…
Accounting
Flexible Budget
A flexible budget is a dynamic budget. It is a budget which is designed to change in accordance with the level of activity. It is…
Master Budget
Muster budget is a summary of a company’s plan that sets specific targets for sales, production, financial activities and that generally achieves in a cash…
Different techniques applied for CVP Analysis
Different techniques applied for CVP Analysis Cost Volume Profit (CVP) analysis is a managerial accounting technique that is concerned with the effect of sales volume…
Function of a Budget Committee
A budget is a formal written statement of management’s plans for a specified future time period, expressed in financial terms. It is an estimation of…
Distinguish between Forecasting and Budgeting
A budget is a formal written statement of management’s plans for a specified future time period, expressed in financial terms. It is an estimation of…
Budgetary Control
Budgetary Control A budget is a formal written statement of management’s plans for a specified future time period, expressed in financial terms. Budgetary control refers…
Importance of Product’s CM Ratio
The contribution margin ratio is the percentage of a firm’s contribution margin to its net sales. Contribution margin is a product’s price minus its variable…
Why do you Analyze Break-even Point?
Break-even point is that level of operation at which sales revenues for a period are equal to the costs assigned to that period. As a…
Underlying Assumptions of CVP Analysis
CPV analysis is a powerful tool that helps managers understands the relationships of cost volume and profit. Cost volume profit (CVP) analysis is the relationship…
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