Working areas of the Finance department
Write a short note on the main working areas of the Finance department?
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The Finance department is mainly responsible for managing the cash-flows, borrowing, utilization of surplus funds, payment of salaries and wages, billing and collecting charges to the customers, processing invoices from the suppliers and paying suppliers.
Briefly define the term Strategic management and also state the reason why it is designed?
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Significant costs associated with the disposal of asset. Accounting for asset retirement obligations requires estimating the cost and discounting estimate. The present value added to the asset's depreciable base and a liability is recorded for the obligation. Every year, interest expense is added
Describe Provisional Entries?
Write down a short note on the influence of manager’s behavior in management accounting information?
What are Arrears? And what are the conditions to make Arrears?
Corporate Tax: It is a levy placed on the gain of a firm, with different rates employed for various levels of gains. Corporate taxes are the taxes against profits earned by businesses throughout a given taxable period; they are usually applied to comp
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
Activity-Based Costing: It is a cost accounting process that measures the cost and performance of process related activities and cost objects. It assigns cost to cost objects, like products or customers, based on their utilization of
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