To create shareholder value, it is crucial to differentiate Profit and Cash. Failure to understand this simple principle will cause serious repercussion to the financial health of the company . Don’t just believe that if a high profitable company must always has a lot of cash or is a very liquid company. Remember that Profit [...]
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Under this heading of Interpretation of financial statements, it is a pre-requisite for any MBA student to have the ability to interpret what’s in the financial statement of a company, hence the need to understand some important financial accounting ratio. Append below are a list of all articles on interpretation of the financial statement of [...]
Activity based costing is nothing new but it has been recently been catching up due to many who starting to perceive the inadequacy of using the normal traditional methods. Append below is a listing of all articles pertaining to activity-based costing: Principles of Activity-based costing An overview approach of Activity-based costing Shortcomings/Limitations of the traditional [...]
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For non-financial managers, it is important to understand what are relevant cost (accounting) and those that are irrelevant or sunk or past costs. Relevant costs are often in making short term decisions by all level of managements. Append below are some of the articles on relevant costs: Understand what are relevant costs used in short [...]
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Append below is a list of articles under Cost-Volume-Profit(Managerial Accounting: Break-even point in Cost-Volume-Profit Steps to follow in Using Contribution Margin in the Cost-Volume-Profit Relationship Cost-Volume-Profit Relationships – Benefits or Objectives Limitation of Cost-Volume-Profit Analysis In Short Term Decision Introduction & Assumptions Made in Cost-Volume-Profit
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Append below a list of articles under the heading of Cost Behaviour(Managerial Accounting): Cost Unit Versus Cost Centre The Difference Between Allocation And Apportionment How Costs Being Classified Product Costs Versus Period Costs Direct Costs Versus Indirect Costs Fixed, Variable And Mixed Costs
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Below is the snapshot of all articles pertaining to Budgeting:- The Objectives of Budgeting(Part1) The Benefits & Limitation of Budgeting(Part2) Key Success Factors for Budgeting(Part3) Steps Involved in Budgeting(Part4) Difference between Budget & Budgetary Control System(Part5) Key features of budgetary control(Part6) Objectives & Purposes/Roles Of Budget Commitee(Part7) Budget Manual(Part8) Types Of Budget-Flexible Budget(Part9) Types of [...]
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Append below is a snap-hot of all articles relating to Cash Flows Statements:- The Importance of Differentiating Profit And Cash Managing Your Company’s Cash-flows Cash Sufficiency Ratio Of A Company(PartA) Cash Flow Efficiency Ratio Of A Company(PartB)
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This page provides a snapshot of all the articles pertaining to the understanding of the Income Statement And Balance Sheet Of The Financial Statements: BALANCE SHEET: Understand What Is A Balance Sheet In The Financial Statements(Part1) ASSETS SIDE Of A Balance Sheet: Know And Understand The Components In The Assets Side Of The Balance Sheet [...]
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Accounting is like a language where non financial managers need to know some of their jargon particularly on understanding of the fundamental accountings concepts. Furthermore, the need to understand the reasons for reading the financial statement, the characteristics and the limitations of such financial statements. Below are some of the relevant articles:- Accounting Concepts/Convention/Principles Commonly Used Accounting [...]
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