Understanding, Learning, Training, Development and Education
by Quality performance from the workforce is the need of every organization to stay in business in today’s competitive environment. There is nothing wrong if the …
Tag: FINANCE
Competency Mapping Analysis
1) Identify key components of employee job descriptions – the critical points only. Focus on what characteristics and skills are absolutely essential to get the job …
Preparations of Final Accounts
Final account is the combination of income statement and balance sheet. The final account is prepared at the end of every year which may be …
Fixed Assets and Depreciation Accounting
Fixed Assets are business purchases which will be used by the business for a few years. Examples are machinery, vans and computers. To be classified …
Reconciliation of Financial and Cost Accounting
Reconciliation of Cost and Financial Accounts is process to find all the reasons behind disagreement in profit which is calculated as per cost accounts and …
Overhead Cost Allocations
The allocation of certain overhead costs to produced goods is required under the rules of various accounting frameworks. In many businesses, the amount of overhead …
ABC Analysis
ABC analysis is a method of analysis that divides the subject up into three categories: A, B and C. Category A represents the most valuable products …
Economic Order Quantity (EOQ)
Economic order quantity (EOQ) is the ideal order quantity a company should purchase for its inventory given a set cost of production, demand rate and …
Inventory Valuation
Inventory valuation is the cost associated with an entity’s inventory at the end of a reporting period. It forms a key part of the cost …
Classification of Capital And Revenue Expenditure
Expenditure on fixed assets may be classified into Capital Expenditure and Revenue Expenditure. The distinction between the nature of capital and revenue expenditure is important as only capital expenditure …