Define Actual Cost
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Briefly define the term Strategic management and also state the reason why it is designed?
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Trust Accounting: It is the "accounting of each and every item of income and expenditures which are employed to find out the amount that certain beneficiaries will obtain from the trust each year." Actually, it is equivalent to all the revenues receiv
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
Capital Budgets: The procedure of finding out which potential long-term projects are value undertaking, by comparing their estimated discounted cash flows with their internal rates of return. Capital Budget is the
What do you mean by the term SWOT analysis? Explain in brief?
Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
What are various methods to assign support cost?
What are the Insurance premium in Arrears?
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