Action Analysis Report Definition
Sidra Farid Action Analysis Report Definition A report showing what costs have been assigned to a cost object, such as a product or customer, and how difficult it would be to adjust…
Electronic Data Processing System (EDP System) for Materials Received and Issued
Sana Ahmed Electronic Data Processing System (EDP System) for Materials Received and Issued: The preceding description of invoice approval and payment was for a manual operation performed by an accounts payable clerk…
Basis of Use System of Depreciation
Shamsa Rafique Basis of Use System of Depreciation: Learning Objectives: Define and explain the basis of use system of depreciation. One of the chief factors causing depreciation is use. For example in…
Cash Budget | Cash Budgeting
Abida Rehman Cash Budget | Cash Budgeting: Learning Objectives: Define and explain a cash budget. What is the purpose of a cash budget How to prepare a cash budget. Definition and Explanation:…
Decisional Roles Definition
Rubab Ali Decisional Roles Definition: The decisional roles involve around making choices. The four decisional roles include entrepreneur, disturbance handler, resource allocator and negotiator.
Cost Classification for Decision Making (Decision Making Costs)
Cost Classification for Decision Making (Decision Making Costs): Learning objective of this article: Define, explain, and give examples of cost classifications used in making decisions: differential costs, opportunity costs, and…
Capital and Revenue Receipts, Payments, Profits and Losses
Capital and Revenue Receipts, Payments, Profits and Losses: Learning Objectives: Define and explain and give examples of capital and revenue receipts and payments? Define and explain and give examples of…
Account Analysis Definition
Account Analysis Definition: Account analysis is a method for analyzing cost behaviour in which each account under consideration is classified as either variable or fixed based on the analyst's prior…
Decentralized Organization Definition
Decentralized Organization Definition: An organization in which decision making is not confined to a few top executives but rather is spread throughout the organization.
Capital Gearing Ratio
Capital Gearing Ratio: Definition and Explanation: Closely related to solvency ratio is the capital gearing ratio. Capital gearing ratio is mainly used to analyze the capital structure of a company.…
Decentralization in Organizations
Decentralization in Organizations: Learning Objectives: Define and explain the term "decentralization". What are the advantages and disadvantages of decentralization in business organizations? What are business segments? Define and explain cost,…
Factory Overhead Efficiency Variance
Factory Overhead Efficiency Variance: Learning Objective of the article: Define and explain factory overhead efficiency variance. How is FOH efficiency variance calculated? What are the reasons / causes of unfavorable…
Accommodation Bills of Exchange
Accommodation Bills of Exchange: Learning Objectives: Define and explain an accommodation bill of exchange. What is the difference between trade bill and an accommodation bill? Make journal entries in the…
Review Problem 1: Basic Present Value
Review Problem 1: Basic Present Value Computations: For each of the following situations is independent. Workout your own solution to each situation, and then check it against the solution: Situation…
Efficiency Definition
Efficiency Definition: Getting the most output from the least amount of inputs; referred to as "doing things right,".
Capital Expenditures / Capital Cost
Capital Expenditures: Learning Objectives: Define and explain capital expenditures / Capital Cost Expenditure means the amount spent. Any expenditure incurred for the following purposes is capital expenditure: For acquiring fixed…
Bank Reconciliation Statement
Bank Reconciliation Statement: Learning Objectives: Define and explain bank reconciliation statement. What are the reasons of disagreement of the balances of cash book and bank statement. Prepare the format of…
Decentralization, Segment Reporting and Transfer Pricing
Decentralization and Segment Reporting: When an organization grows beyond a few people, it becomes impossible for the top manager to make decisions about everything. Managers have to delegate decisions to…