Accounting Management

It is important to monitor the performance of cost, profit and investment centre to judge how both the centre are performing economically and how their…

It is important to monitor the performance of cost, profit and investment centre to judge how both the centre are performing economically and how their…

It is important to monitor the performance of cost, profit and investment centre to judge how both the centre are performing economically and how their…

Measurement performance of cost center, profit center, and investment center A cost center is a subunit of a company that is responsible only for as…

Benefits and Limitation of Budgetary Control Budgetary control is a methodical control of an organization’s operations throw establishment of standards and targets regarding income and…

The concept of Zero Base Control Zero Base Control is a method of budgeting in which all expenses must be justified for each new period.…

Segment reporting: The Financial Accounting Standards Board (FASB) now requires that companies in the United States include segmented financial and other data in their annual…

Cost center: A responsibility center in which a manager is responsible for costs incurred by the segment. The manager of a cost center has control…

Budgetary control is a methodical control of an organization’s operations throw establishment of standards and targets regarding income and expenditure, and continuous monitoring and adjustment…

The cash budget is a detailed plan showing how cash resources will be acquired and used over a specific time period. So this budget is…