Return on Total Capital The Return on Total Capital compares the profitability of a business to the aggregate amount of funds invested in it. The concept is most applicable to…
What is Accounting Principles? Accounting Principles: a chosen set of accounting conventions that must be applied consistently if company accounts are to be useful to observers. These include: matching…
Define the Accounting Period Accounting period: the period of time, typically a year, over which an organisation records revenues and expenses, cash flows and changes in assets and liabilities.…
What is accountability? Accountability is the extent to which a named individual is held responsible for the success or failure of a policy or a piece of administration.…