Economics - EDUCATIONLEAVES

April 7, 2023 Sushanta Maiti

What is Benchmarking? [PDF Inside]Process, Importance, 6 Types Value Cycle, Objectives, Advantages, and Disadvantages

Benchmarking is the process of measuring and comparing the performance of an organization, process, or product against a set of established standards or best practices. It involves identifying and analyzing the practices and performance metrics of other organizations that are recognized as leaders in a particular industry or field, with the goal of improving the performance of the organization being benchmarked.

Economics

March 29, 2023 Sushanta Maiti

Financial Reporting: [PDF Inside] Methods, Purpose, Types, Components, Benefits, Examples

Financial reporting refers to the process of disclosing financial information to various stakeholders, such as investors, creditors, regulators, and the general public. The purpose of financial reporting is to provide relevant, reliable, and timely information about a company’s financial performance and position, as well as its cash flows and related disclosures.

Economics

March 26, 2023 Sushanta Maiti

Human Resource Accounting: [PDF Inside] Method, 3 Major Aspects, Example, Objectives, Functions, Benefits, And Negatives

Human resource accounting is a type of accounting that focuses on measuring the value of a company’s human resources, such as its employees, in financial terms. The basic idea behind human resource accounting is that a company’s workforce is a valuable asset, just like its physical assets, and should be accounted for in a similar manner.

Economics

March 25, 2023 Sushanta Maiti

What is Cost Accounting? [PDF Inside] Types, Objectives, Functions, Benefits, and Negatives, Financial Accounting

Cost accounting is a branch of accounting that deals with the process of recording, analyzing, and reporting the costs associated with producing goods or services. The goal of cost accounting is to help businesses understand the costs involved in their operations, as well as identify ways to reduce those costs and increase profitability.

Economics

March 23, 2023 Sushanta Maiti

Responsibility Accounting: [PDF Inside] Components, 4 Types, Objectives, Benefits, & Drawbacks

Responsibility accounting is a management control system that divides an organization into smaller units, each of which is responsible for achieving specific goals and objectives. Under this system, each unit is assigned a set of responsibilities that are clearly defined and measurable, and each unit is held accountable for meeting those responsibilities.

Economics

March 16, 2023 Sushanta Maiti

Balance of Payment (BOP): [PDF Inside] Types, Example, Benefits, Negatives, Formula for Measuring BOP, Features

Balance of Payments (BOP) is a record of all the transactions that a country has with the rest of the world over a specific period, typically a year. The BOP includes all economic transactions between the country and the rest of the world, including trade in goods and services, investment flows, and transfers of money and assets.

Economics

March 10, 2023 Sushanta Maiti

What is Operating Leverage? [PDF Including] Example, Degrees, Importance, Advantages, and Disadvantages, High & Low Operating Leverage

Operating leverage is a measure of the degree to which a company’s fixed costs are used to generate profits.

aximizing Profits with Financial Leverage: The Power of Debt Financing

Economics

March 7, 2023 Sushanta Maiti

Financial Leverage: [PDF Inside] Example, Calculation, Strategies, Importance, Advantages, & Disadvantages

Financial leverage refers to the use of borrowed funds or debt to increase the potential return on investment. In other words, it is a strategy that involves using borrowed money to finance an investment, with the aim of increasing the potential profits that can be earned.

Accounts Payable Management: Definition, Example, Objectives, Process

Economics Management

March 5, 2023 Sushanta Maiti

Accounts Payable Management: Definition, Example, Objectives, Process

Accounts payable management is the process of managing a company’s accounts payable in an efficient and effective manner to ensure that the company’s short-term debts are paid on time and in full while maximizing cash flow and minimizing costs.

Economics Industrial engineering

March 5, 2023 Sukanta Maiti

What is Pricing? Types of Pricing Strategies, PDF

Pricing is a process of setting the value that a manufacturer will receive in the exchange of services and goods. If manufacturers set prices too high, they miss out on valuable sales. Set them too low, and they miss out on valuable revenue.