Relevant Cost vs. Irrelevant Cost – All You Need to Know
Relevant and Irrelevant costs are the classification of costs based on their importance. Cost data is vital for a business as it helps in… Read Article
Cost Accounting vs. Financial Accounting – All You Need to Know
Cost accounting and financial accounting are the branches of accounting. Both these deal with recording and presentation of financial information, but their objective is… Read Article
Arbitrage
Meaning of ArbitrageArbitrage is the trading of financial instruments in two different markets simultaneously to profit from their difference in prices in the two… Read Article
FSN Analysis
Meaning of FSN AnalysisFSN Analysis is an inventory management technique that is based on the rate of consumption of spares and goods in an… Read Article
Capital Gains
MeaningCapital gains are an increase or rise in the price of a capital asset from its purchase price. Capital assets can be land, building,… Read Article
Working Capital vs. Term Loan – All You Need to Know
Businesses and loans are almost inseparable. Almost every business requires a loan, be it for expansion or to run operations smoothly. Different options are… Read Article
Conversion Cost – Meaning, importance, Formula and More
Conversion Cost: MeaningConversion cost is a combination of all the direct and indirect production costs that a company incurs to convert raw material into… Read Article
Fundamentals of Accounting: Meaning, Principles, Categories, and Statements
Fundamentals of AccountingAccounting is the procedure of data entry, recording, summarizing, analyzing, and then reporting the data related to financial transactions of businesses and… Read Article
Backflush Costing – Meaning, Process, Drawbacks and More
Backflush Costing or backflush accounting is a product cost accounting approach that is very different from the traditional costing system. Under this system, the… Read Article
Target Costing – Meaning, Process, Benefits and More
Target Costing is a management technique that assists a business in deciding the prices based on external factors. These factors include competition, the presence… Read Article
VED Analysis
Meaning of VED AnalysisVED analysis is an inventory management technique that classifies inventory based on its functional importance. It categorizes stock under three heads… Read Article