Financial Accounting
Accounting is described as the language of the business. Financial accounting is important branch of accounting. Financial Accounting is associated with recording, classifying and summarizing
Accounting is described as the language of the business. Financial accounting is important branch of accounting. Financial Accounting is associated with recording, classifying and summarizing
Cost accounting is associated with accounting of the cost. It comprises of Cost and Accounting. The term cost signifies the total of all expenditures involved
Business climate is changing rapidly in current scenario therefore management needs every day and accurate information about the business and costs incurred to take wise
The budget is a vital part of planning and control and it represents as significant mechanism for performance evaluation. The budget is a document designed
Financial statements in financial document used to indicate the financial position of a business at particular moment of time. The statement is prepared at the
Inventory is current assets and it comprises of major part of financial statement in business and manufacturing concerns (Rajasekaran V., 2011). An inventory valuation is
Costing is a significant process of determining cost. Kohler described cost accounting as branch of accounting dealing with the classification, recording, allocation, summarization and reporting
Overhead cost control is used by Small-business owners to monitor, distribute and reduce their overheads. Expenses that cannot be conveniently identified with a specific product
In business realm, reconciliation may be represented as process of tallying the working results or profit as shown by cost accounts with that of financial
In management accounting, notion of relevant costing has great significance because these costs are pertinent with respect to a particular decision. A relevant cost for
Generally Accepted Accounting Principles (GAAP) is described by management theorists as the standard framework of guiding principle for financial accounting used in any given authority.
Financial statements are the summaries of the operating, financing and investment activities of business. It must give useful information for investors and creditors in making
In fast growing business world, major goal of organizations is to reduce the cost of production and control the cost as there are limited resources
In accounting, there are two basic systems used to assign costs to products or services that include Job costing and process costing. Job costing: Job costing
Cash flow statement is imperative term in accounting arena. The statement that explains cash inflows and outflows of a company for a particular period is
Concept: Management accounting is wide arena of accounting. The phrase Management Accounting includes two words, Management and Accounting. It refers to Accounting for the Management. Management
The notion of funds is described by several accountants in different way. The term funds have different meaning according to interpretation of accountants and accounting
A budget contributes a lot in economic policy of any company. Budget is a financial plan and a list of all planned expenditures and profits.
The budgeting process is a tool for setting goals and objectives to recognize weaknesses or inadequacies in organizations, and for controlling and integrating the diverse