Active Asset
Jennifer edwards An active asset is an asset in the business or a firm that is used on regular biases and is used as an active part of a business operation. Active…
Activity Cost Driver
Activity cost driver is a factor or a certain indicator that affects the certain activities within a business and also affects the cost related to those activities. As the name…
Activity Based Management
Activity based management can be defined as a method where all the activities within in a business are identified and evaluated using the costing method called activity based costing. In…
Activity Ratios
What are Activity Ratios? Activity ratio is the ratio or the measure of the ability of an organization to convert the accounts of the balance sheet into revenues. Activity ratio…
Accumulated Fund
Accumulated fund is the fund that is accumulated over time by non-profit organizations such as NGOs and other such organizations. Accumulated fund is not used to by operational or other…
Managing Cash Flows in a Better way
Cash can be considered as the life and soul of the business and works like blood that keeps a business alive. For a small and medium sized business cash flow…
What are Wage Expenses?
As the name indicates wage expenses are the expenses associated with the wages of the non-manufacturing employees. Wage expense is delivered to the employees on the hourly biases or in…
Back End Ratio
Back end ratio is the calculation of the part of the income of an individual or a business that is used to pay the debts. From an individual point of…
Residual Income
Residual income can be defined as the income that is left with a business or an individual after paying all the expenses, debt and mortgages from the net income. Most…
Unit of Production Depreciation
This is a method of calculating depreciation in which depreciation is calculated on the biases of fixed rate on per unit of the product produce in production line. This method…
Impact of using different types of Depreciation Methods
There are different types of depreciation methods such as straight line depreciation, reducing balance depreciation, sum of the year digit depreciation and units of activity depreciation. Each method has its…
Double Entry Accounting Software
Accounts receivables can be defined as the amount of money or cash that is to be received by the company from another party. Accounts receivables are considered as the assets…
Analyzing Account Receivables
Accounts receivables can be defined as the amount of money or cash that is to be received by the company from another party. Accounts receivables are considered as the assets…
Theory of Constraints
Theory of constraints is used as a tool or a method to find the most important constraint that is acting as a limiting factor while achieving the goals and objectives…
Budgeting Accounting
Budgeting accounting is the process of preparing budget that will help in general accounting process of the company. With the help of accounting budget or budgeting accounting one can make…
Journal Accounting
The very first record of all the financial transactions are recorded in the journal and the process of recording these entries is known as journal accounting. The major reason of…
Traditional Costing
Traditional costing is a method of costing where the manufacturing overhead is related to the manufactured products on the biases of the batch produced and the volume of the products…
Inventory Control System
Inventory control system is a system that helps in controlling, calculating and locating the products or the raw materials within an inventory either manually or through a computer aided system.…