Blog - Investortonight

Financial System, Definition, Functions, Structure

Post author:Anuj Kumar
Post published:29/05/2021
Post category:Financial Management
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A financial system is a network of financial institutions, financial markets, financial instruments and financial services to facilitate the transfer of funds. The system consists of savers, intermediaries, instruments and the ultimate user of funds. The level of economic growth largely depends upon and is facilitated by the state of financial system prevailing in the economy.

Income Tax

Post author:investortonight
Post published:25/05/2021
Post category:Uncategorized
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Income Tax is tax on income. According to the Constitution of India, income tax is a central subject. Income Tax on all types of income, other than agricultural income is…

What is Management Accounting? Definition, Functions, Objectives, Scope

Post author:investortonight
Post published:21/04/2021
Post category:Cost and Management Accounting
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Management accounting is the accounting system for making decisions of the business enterprise. Management accounting furnishes the necessary information to assist the business enterprise to make rational decisions through the development of policies and procedures in order to meet the day to day commitments of the enterprise.

What is Budgetary Control? Definition, Objectives, Advantages, Disadvantages, Systems

Post author:investortonight
Post published:20/04/2021
Post category:Cost and Management Accounting
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Budgetary control is the planning in advance of the various functions of a business so that the business as a whole can be controlled.

What is Standard Costing? Definition, Advantages, Disadvantages

Post author:investortonight
Post published:18/04/2021
Post category:Cost and Management Accounting
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Standard Costing is the preparation and use of Standard costs, their comparison with actual costs and analyzing of variances to their causes and points of incidence.

Marginal Cost: Definition, Example, Features, Advantages, Disadvantages

Post author:investortonight
Post published:12/04/2021
Post category:Cost and Management Accounting
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What is Marginal Cost? Marginal Cost Definition According to I.C.M.A. London, marginal cost is defined as “The amount at any given volume of output by which aggregate costs are changed…

Classification of Cost

Post author:investortonight
Post published:12/04/2021
Post category:Cost and Management Accounting
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Classification of Cost Natural Classification of CostAccording to VariationDegree of changeabilityDegree of RelationFunctional Classification of CostAssociation with the Accounting PeriodCosts for Decision-Making and PlanningCosts for ControlOther Costs Classification is the…

Cost Accounting: Definition, Objectives, Advantages, Limitations

Post author:investortonight
Post published:10/04/2021
Post category:Cost and Management Accounting
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What is Cost Accounting? Cost Accounting is defined as the process of accounting for cost which begins with the recording of income and expenditure or the bases on which they…

What is Insurance? Definition, Types, Functions, Importance, Characteristics, Limitation

Post author:investortonight
Post published:03/09/2020
Post category:Financial Management
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What is Insurance? Insurance is defined as a co-operative device to spread the loss caused by a particular risk over a number of persons who are exposed to it and…

Merchant Banking

Post author:investortonight
Post published:02/09/2020
Post category:Financial Management
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Indian Ministry of Finance defines merchant banker as “Any person who is engaged in the business of issue management either by making arrangements regarding selling, buying or subscribing to securities…