Business, Industry and Commerce
A business is an activity or entity, normally engaged in the provision of products and or services, for commercial gain, extending to non-Commercial organizations that
4 January 2023
Cost and Management Accounting
What is Management Accounting? Definition, Functions, Objectives, Scope
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.
4 January 2023
What is Budgetary Control? Definition, Objectives, Advantages, Disadvantages, Systems
Budgetary control is the planning in advance of the various functions of a business so that the business as a whole can be controlled.
4 January 2023
What is Standard Costing? Definition, Advantages, Disadvantages
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.
4 January 2023
Marginal Cost: Definition, Example, Features, Advantages, Disadvantages
What is Marginal Cost? Marginal Cost is a technique of cost accounting which pays special attention to the behavior of costs with changes in the
4 January 2023
Classification of Cost
Classification of Cost Classification is the process of grouping costs according to their common characteristics or features. There are various methods of classifying costs on
4 January 2023
Cost Accounting: Definition, Objectives, Advantages, Limitations
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
4 January 2023
