Every company needs adequate cash in hand since no business can run successfully without to adequate cash in hand. The cash plays an important role in the effective
A report should contain all the information which are required by the interested parties. Hence, some principles are followed while drafting a report. These principles are simply guidelines.
Reporting to management – Meaning The reporting to management is a process of providing information to various levels of management so as to enable in judging the effectiveness
What is a Report? The word “report” is derived from the Latin word “Portare” which means “to carry”. So, “report” is a document which carries the information. Report
Post payback profitability method By considering major drawback of payback period method, one more method is suggested i.e. Post Payback Profitability. Under this method, the cash inflows after
The need and importance of report is understood by the following ways. In other words, a report do the following functions. Functions or importance of a report 1.
Absorption costing meaning The other name of absorption costing is full costing, total costing, conventional costing and orthodox costing. Under absorption costing, both fixed costs and variable costs
Meaning of Marginal Cost Marginal cost means an amount at any given volume of output by which the aggregate costs are changed if the volume of output is
Steps involved in calculation of Present Value Factor (P.V.F) The following steps are involved in the preparation of present value 1. Cash outflows of the first year is
Advantages of Accounting Rate of Return Method (ARR Method) The following are the advantages of Accounting Rate of Return method. 1. It is very easy to calculate and