Advance and Maturity Factoring
Meaning of FactoringFactoring is a financial service used for raising funds in the business whereby the business entity sells all of its bills receivable… Read Article
Conglomerate Merger
Meaning of MergerA merger is a process in which two or more existing companies voluntarily combine together to function as one new company. A… Read Article
Bills Payable
Meaning of Bills PayableBills Payable (B/P) is a liability document that shows the indebtedness of an individual, an organization, etc. When an individual or an… Read Article
Discounted Payback Period
Definition of Discounted Payback PeriodThe discounted payback period is a capital budgeting method used to calculate the time period a project will take to… Read Article
Break Even Point
Break-Even Point DefinitionThe Break-even point (BEP) is the level of production where the company’s total revenues and expenses are equal. At the BEP, the… Read Article
Lessor and Lessee
Lessor and Lessee are two parties to a lease agreement. An agreement or a contract by which the owner (lessor) of a specified asset… Read Article
Inventory Management Techniques
Meaning of Inventory ManagementInventory Management techniques help in tracking and controlling the inventory orders, their usage, and storage, along with the management of finished… Read Article
Recourse and Non-Recourse Factoring
Definition of FactoringFactoring is a financial service in which the business entity sells its bill receivables to a third party at a discount in… Read Article
Notes Payable
Definition of Notes PayableWhen a company issues promissory notes, it maintains the records of the amount of promissory notes issued in a ledger account.… Read Article
Traditional Budgeting
Meaning of Traditional BudgetingTraditional budgeting is a method of preparing the budget in which last year’s budget is taken as the base. The current… Read Article
Activity Based Budgeting
Activity-based budgeting is a budgeting method that uses activity-based costing while preparing budgets. In simple words, activity-based budgeting is a management accounting tool that… Read Article