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Describe Financial budgets
Financial budgets: financial budgets are concerned with cash receipts and disbursements working capital expenditure financial position and business operations. The commonly used financial budgets are:
Cash budget
Working capital budget
Capital expenditure budget
Income statement budget
Statement of retained earnings budget
Budgeted balance sheet or position statement budget
Elements of cost: 1. Material: the substance from which the product is made is known as material it may be in a raw or a manufactured state. It can be direct as well as indir
Determine Cost pool and Cost drivers Cost pool: it is another name given to a cost centre and, therefore an activity cost centre may also be termed as an activity cost pool.
Steps of choosing an accounting based performance measure Consider the overall goal of the organization as a whole. It is important to choose a measure of accomplishment that r
Full Service Recourse Factoring : In this kind of factoring the client has to bear the risk of default made through the debtors. There the factor had advanced funds against book de
Period of operating cycle implies that total sum of number of days included in the various stages of operation commencing from the purchase of raw materials and ending along with c
How do you compare two companies operating leverage? Must the sales volume be set the same or the net operating income?
Describe the important role that the corporate level strategy has in relation to the development of the business and functional strategy in a multi -business organization
INTRODUCTION AND RATIONALE The purpose of this assignment is to help students further develop a number of the skills and knowledge required and valued by the accountancy profe
Accounting Method is the method by which income and expenses are accounted for taxation purposes. The Internal Revenue Service needs taxpayers to select an accounting method that p
can you better explain to me the classification by traceability and the classification by function?
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