Workplace Spirituality Definition
Sidra Farid Workplace Spirituality Definition: The recognition that people have an inner life that nourishes is nourished by meaningful work that takes place in the context of community.
Who is A Certified Management Accountant
Abida Rehman Who is A Certified Management Accountant: A management accountant who possesses the necessary qualification and who possesses a rigorous professional exam earns the right to be known as a certified…
Definition and Explanation of Capital Budgeting
Definition and Explanation of Capital Budgeting: Learning Objective of this article: Define and explain the term "capital budgeting". What is meant by the term "investment in capital budgeting decisions"? Explain…
Typical Capital Budgeting Decisions
Typical Capital Budgeting Decisions: Learning Objectives: What type of business decisions require capital budgeting analysis? What types of business decisions require capital budgeting analysis? Business decisions that require capital budgeting…
Weighted Average Method–Allocating Joint Product Cost
Weighted Average Method--Allocating Joint Product Cost: Learning Objectives: Explain the procedure of allocating joint product cost when weighted average method is used. many industries, the previously described methods do not…
Weighted Average Method Definition
Weighted Average Method Definition: Issuing materials at an average cost assumes that each lot taken from the storeroom is composed of uniform quantities from each shipment in stock at the…
Two Column Cash Book / Double Column Cash Book
Two Column Cash Book / Double Column Cash Book : Learning Objectives: Define and explain a two/double column cash book. Prepare a two column cash book. What is the difference…
Materials Purchasing Forms
Sana Ahmed Materials Purchasing Forms: The principle forms required in purchasing are the purchase requisition form and the purchase order form. Purchase Requisition Form: The purchase requisition originates with (1) stores or…
Working Capital Definition
Working Capital Definition: The excess of current assets over current liabilities. Working Capital = Current Assets − Current Liabilities
Standard Costing and Variance Analysis Problems & Solution
Shamsa Rafique Standard Costing and Variance Analysis Problems & Solution: Problem 1: Materials Variance Analysis: The Schlosser Lawn Furniture Company uses 12 meters of aluminum pipe at $0.80 per meter as standard…
Zero Based Budgeting (ZBB) Definition
Zero Based Budgeting (ZBB) Definition: A method of budgeting in which managers are required to justify all costs as if the programs involved were being proposed for the first time.…
Zero Based Budgeting (ZBB):
Zero Based Budgeting (ZBB): Learning Objective of the article: Define and explain the term "zero based budgeting" and "incremental budgeting" in managerial accounting. Explain the importance and use of zero…
Postaudit of Investment Projects
Rubab Ali Postaudit of Investment Projects: After an investment project has been approved and implemented, a postaudit should be conducted. A postaudit involves checking whether or not expected results are actually realized.…
Turnover Definition
Turnover Definition: Turnover is the amount of sales generated in an investment center for each dollar invested in operating assets. It is computed by dividing sales by the average operating…
Yield Definition
Yield Definition: A term synonymous with internal rate of return and time-adjusted rate of return.
Volume Variance Definition
Volume Variance Definition: The variance that arises whenever the standard hours allowed for the output of a period are different from the denominator activity level that was used to compute…
Workforce Diversity Definition
Workforce Diversity Definition: A workforce that is more heterogeneous in terms of gender, race, ethnicity, age, and other characteristics that reflect differences.
Preparing Trial Balance / Accuracy of Ledger
Preparing Trial Balance / Accuracy of Ledger: Learning Objectives: Define and explain trial balance. What are the advantages of preparing a trial balance? What are the different methods of preparing…