The financial statement analysis has some limitations. Hence, the interested party should keep all these limitations into his/her mind while making analysis. Limitations of financial statement analysis 1.
Understanding Payback Period method This method is also known as pay out, pay off or recoupment period method. Under this method, the original investment of the project should
Advantages of Marginal Costing The advantages, merits of marginal costing are briefly explained below. 1. The marginal costing technique is very simple to understand and easy to operate.
What is a Questionnaire? A questionnaire is a form prepared and distributed to secure responses to certain questions. It is a tool for obtaining response to questions by
Understanding Zero based budgeting Zero based budgeting is used as a managerial tool to control the costs. It got popularity since the early 1970’s. The ZBB was developed
Need for performance budgeting In the conventional budgetary control system, everybody give importance to rupee value. Nobody care about the physical units or related to cost. Gone are
What are the needs of budget revision? It is a well-known fact that budget is prepared for future. Future is uncertainty. Hence, there is a need of revision
Need and Importance of Budget report The mere preparation any budget does not bring any benefits to the organization. The reason is that the preparation of budget is
What is a Master Budget? Master budget acts as summary budget incorporating its component functional budgets and which is finally approved adopted and employed. Definition of Master Budget
What is flexible budget? A budget, prepared for different levels of activities is called flexible budgeting. The flexible budget is otherwise called as variable budget, dynamic budget, sliding