The calculation of ratio is very easy. But, the interested party or analyst should be very cautious while analyzing and interpreting the ratios. The following guidelines or factors
Steps involved in financial ratio analysis The following are the steps involved in the financial ratio analysis. 1. An analyst should decide the objectives of ratio analysis. 2.
The following are the factors which are highly influencing Capital Expenditure decisions. Factors influencing capital expenditure decisions 1. Availability of Funds All the projects are not requiring the
Budgetary control is used as a tool of management control and derives some benefits. Even though, there are some disadvantages or limitations also. They are listed below. Disadvantages
The very objective of budgetary control is the allocation of responsibility with budgeted figures and develops a basis for the measurement of performance to find the efficiency of
Differences Between Funds Flow Statement and Balance Sheet The following table presents 14 points of differences between funds flow statement and balance sheet. Funds flow statement Balance Sheet
Differences between Cost Accounting and Management Accounting Management accounting and Cost accounting differ from one another. This article lists out 15 such differences as follows. The following article
Before discussing about differences between financial accounting and management accounting, it is worthwhile to discuss about the similarities between financial accounting and management accounting. Similarities between Financial &
Management Accountant is an important person in every aspect of an organization. He plays a vital role in framing the policy and fixing procedures, preparation of budgets, determination
Steps in installation of Management Accounting System The following steps have to be taken by the top management to install efficient and effective Management Accounting System. 1. Preparation