Make or Buy Decision Definition
Shamsa Rafique Make or Buy Decision Definition: Make or buy decision is a decision as to whether an item should be produced internally or purchased from an outside supplier. Explanation of the…
Accounting Definitions
Cost Accounting
Knowledge Management
Managerial Accounting
Managment Accounting
Knowledge Management Definition
Sana Ahmed Knowledge Management Definition: Cultivating a learning culture where organizational members symbolically gather knowledge and share it with others in the organization so as to achieve better performance.
Avoidable Cost Definition
Sidra Farid Avoidable Cost Definition: Any cost that can be eliminated (in whole or in part) by choosing one alternative over another in a decision-making situation. In managerial accounting, this term is…
ISO 9000 Standards Definition
ISO 9000 Standards Definition: Quality control requirements issued by the International Standard Organization that relate to products sold in European countries.
Just in Time (JIT) Definition
Just in Time (JIT) Definition: Just In Time (JIT) is a production and inventory control system in which materials are purchased and units are produced only as needed to meet…
Average Collection Period Ratio: Definition
Average Collection Period Ratio: Definition: The Debtors/Receivable Turnover ratio when calculated in terms of days is known as Average Collection Period or Debtors Collection Period Ratio. The average collection period…
Investment Center Definition
Investment Center Definition: A business segment whose manager has control over cost and over revenue and that also has control over the use of investment funds.
Investing Activities definition
Investing Activities definition: Investing activities are transactions that involve acquiring or disposing off non current assets. Relevant terms: Cash flow statement Operating activities Financial activities Cash equivalents
Appraisal Cost Definition
Appraisal Cost Definition: Costs that are incurred to identify defective products before the products are shipped to customers.
Depreciation Tax Shield Definition
Abida Rehman Depreciation Tax Shield Definition: A reduction in tax that results from depreciation deductions. The reduction in tax is computed by multiplying the depreciation deduction by the tax rate.
Allocation Base Definition
Allocation Base Definition Allocation base is a measure of activity such as direct labour-hours or machine-hours that is used to assign costs to cost objects.
Joint Products Definition
Joint Products Definition: Two or more items that are produced from a common input are called joint products.
After Tax Cost definition
After Tax Cost definition The amount of net cash outflow resulting from a tax-deductible cash expense after income tax effects have been considered. After tax cost of debt The amount…
Intranet Definition
Intranet Definition: An internal organizational communication system that uses internet technology and is accessible only by organizational employees.
Interpersonal Roles Definition
Interpersonal Roles Definition: Interpersonal roles are those roles that involve people and other duties that are ceremonial and symbolic in nature. The three interpersonal roles include being a figure head,…
After-Tax Benefit Definition
After-Tax Benefit Definition The amount of net cash inflow realized from a taxable cash receipt after income tax effects have been considered. The amount is determined by multiplying the taxable…
Joint Product Cost Definition
Joint Product Cost Definition: A joint cost may be defined as that cost which arises from the common processing or manufacturing of products produced from a common raw material. Whenever…
Job Order Costing System Definition
Job Order Costing System Definition: A costing system used in situations where many different products, jobs, or services are produced each period. Click here to read detailed about job order…