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Criticism/Disadvantages or Limitations of Return on Investment (ROI) Method of Performance Evaluation: Learning Objectives: What are the limitations of return on investment method of performance evaluation? Although the return on…
Creditors / Accounts Payable Turnover Ratio: Definition and Explanation: Credit turnover ratio is similar to the debtors turnover ratio. It compares creditors with the total credit purchases. It signifies the credit…
Inflation and Capital Budgeting Analysis: Learning Objectives: Does inflation impact capital budgeting analysis? Explain. Doesn't inflation have an impact in a capital budgeting analysis? The answer is qualified yes in…
Job Order Costing System-Case Study: Case A: Job Order Costing; General and Factory Ledger Case B: Determination of Cost Case C: Improving a Cost Information and Accumulation System Case D:…
Costing By Departments: The nature of manufacturing operations in firms using process or job order cost procedures is usually such that work on product takes place in several departments. With…
Industrial Revolution Definition: The advent of machine power, mass production, and efficient transportation.
Advantages and Disadvantages of Job Order Costing System: Learning objectives of the article: What are the advantages and disadvantages of job order costing system? One of the primary advantages of…
Costing By Departments: The nature of manufacturing operations in firms using process or job order cost procedures is usually such that work on product takes place in several departments. With…
Job Order Costing System: After studying job order costing system chapter you should be able to: Distinguish between process costing and job order costing and identify companies that would use…
Job Cost Sheet Definition: A form prepared for each job that records the materials, labor, and overhead costs charged to the job.
Indirect Method of Cash Flow Definition: A method of computing the cash provided by operating activities that starts with net income and adjusts it to a cash basis. It is…
Cost-Volume-Profit (CVP) Graph Definition: The relations between revenues, costs, and level of activity in an organization presented in graphic form.
Contribution Margin and Basics of Cost Volume Profit (CVP) Analysis: Learning Objectives: Define and explain contribution margin. Prepare a contribution margin format income statement. What are the advantages of calculating…
Indirect Cost Definition: Indirect cost is a cost that cannot be easily and conveniently traced to the particular cost object under consideration.
Indirect Materials Definition: Small items of material such as glue and nails. These items may become an integral part of a finished product but are traceable to the product only…
Cost Volume Profit Relationship - (CVP Analysis): After studying this chapter you should be able to: Explain the objectives of cost volume profit analysis (CVP Analysis & concept)? Define and…
Learning Objective: What are the main advantages of bills of exchange? The following are the advantages of a bill of exchanges: It is a legal evidence of debt. It is…
Indirect Labor Definition: The labor costs of janitors, supervisors, materials handlers, and other factory workers that cannot be conveniently traced directly to particular products.
Abida Rehman 
Shamsa Rafique 
Sana Ahmed 
Sidra Farid