Objectives of Business Environmental Analysis Business Environmental analysis has three basic objectives, which are as follows: 1. Help understanding Existing Environment It is important that one must be
Classification of Business Environment Economists have classified Business Environment as Static environment, Dynamic environment, Internal environment, External environment, Market environment and Non-market environment. Lets study about them briefly
Ways to reduce Labour Turnover A company can reduce labour turnover in the following six ways. Adequate Statistical Control Scientific System of Recruitment, Selection, Placement and Follow Up
Advantages of Internal Rate of Return Method A brief explanation of advantages of Internal Rate of Return method is presented below. 1. It considers the time value of
What is a Contract Costing? Contract Costing is otherwise called as terminal costing. It is one of the methods of Job Costing. Contract costing is also prospered just
Selling and Distribution Overhead Selling and Distribution overhead is the combination of two words ie Selling overhead and Distribution overhead. What is Selling Overhead? Selling overhead is the
Over / Under absorption of overhead The overheads are absorbed on the basis of predetermined overhead absorption rate according to the actual production of goods throughout the accounting
What is Administration Overhead? Administration overhead is the indirect expenses incurred relating to the administration of a business concern. The administrative function covers the formulation of business policy,
What is Operating Costing? Operating costing is an extension and refined form of process costing. It is also more or less very similar to single or output costing.
What are the Elements of Cost in Cost Accounting? The elements that constitute the cost of manufacture are known as the elements of cost. Such element of cost