Accounting

Cost behavior: Cost behavior refers to how a cost will change as the level of activity change. Manager how to understand how costs will change…

Relations between Management Accounting and Financial Accounting Management accounting is a field of accounting that analysis and provides cost information to the internal management for…

Variable costs are always a relevant cost: Variable costs are relevant costs only if they differ in total between the alternatives under consideration. Variable costs…

Opportunity cost is an economics term that refers to the value of what you have to give up in order for choosing something else. Another…

Opportunity cost: Opportunity cost is an economics term that refers to the value of what you have to give up in order for choosing something…

Management accounting is a field of accounting that analysis and provides cost information to the internal management for the purpose of planning, organizing, directing, controlling,…

Preparation of cash budget Methods A cash budget is one of the most important budgets prepared by a business concern as every transaction directly or…

A cash budget is one of the most important budgets prepared by a business concern as every transaction directly or indirectly deals with cash. It…

Budget is a blueprint for the future course of action and activities. It means expressing the future course of action of an organization in quantitative…

Activity ratios indicate the performance of the business. The performance of a business is judged by its sales (turnover) or cost of goods sold. These…