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Showing posts with label Management Accounting. Show all posts
Showing posts with label Management Accounting. Show all posts
Introduction of Standard Costing System in an Establishment
Introducing standard costing in any establishment requires the fulfillment of following preliminaries: 1. Establishment of cost centers; 2. Classification an…
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Essentials or Preliminaries before Setting Standard
While setting standard cost for operations, process or product, the following Preliminaries must be gone through: 1. There must be Standard Committee, similar…
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Variance and Variance analysis
Control is a very important function of management. Through control, management ensures that performance of the organisation conforms to its plans and objectiv…
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Standard Costing - Meaning, Advantages and Disadvantages
Standard Costing: Cost control is a basic objective of cost accountancy. Standard costing is the most powerful system ever invented for cost control. Historic…
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Responsibility Accounting - Meaning, Roles and Responsibility Centres
Concept And Meaning: Responsibility accounting is a system of dividing an organization into similar units, each of which is to be assigned particular responsi…
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Methods of Preparation of Cash Budget
Methods of Preparation of Cash Budget: 1. Receipts and Payments Method 2. Adjusted Profit and Loss Method or Adjusted Earnings Method or Cash Flow Method …
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Cash Budget - Meaning, Features and Importance
Cash Budget A cash budget is a budget or plan of expected cash receipts and disbursements during the period. These cash inflows and outflows include revenues …
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