The Investment Information and Credit Rating Agency of India Limited (ICRA) The Investment Information and Credit Rating Agency of India Limited was registered in 1994. It was sponsored
Objectives or functions of Management Accounting The main objective of management accounting is to help the management to take quality decision for controlling the business activities effectively. The
Scope of Management Accounting The main purpose of management accounting is to utilize the accounting information in solving the business problems and taking scientific decisions. Moreover, the scope
13 Important principles of Management Accounting The following are the generally accepted principles of management accounting. 1. Designing and Compiling Accounting information, records, reports, statements and other evidence
Importance of Management Accounting The management required the quantitative information for the performance of planning, control, coordination, motivation, organizing, staffing and the like. The quantitative information should not
Features or Characteristics of Management Accounting The followings are the features or characteristics of Management Accounting. 1. Selective Nature Management accounting selects only few information out of much
What is Unit costing? Unit costing is known as “output” or “single output” costing. Unit costing is followed by the concern, which produces a single product on large
Straight Piece Rate System of wage payment The earnings of the worker are calculated on the basis of the number of pieces produced by him/her. The volume of
What Time Rate Wage System? Time Rate System is otherwise called as Time Work, Day Work, Day Wages and Day Rate. It is the oldest method of remuneration.
Different types of Costs in Cost Accounting One can understand the cost accounting properly only after knowing various types of cost. Hence, the understanding of types of cost