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Accounting

Return on Total Capital

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?

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

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?

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.…
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