Economics - EDUCATIONLEAVES

Law of Demand and Supply: [PDF Included] Curves, Importance, Conditions, & Factors Affecting Demand and supply

September 10, 2022August 17, 2022 by Sushanta Maiti

The law of supply and demand is possibly one of the most essential concepts and it is the backbone of an economy. According to the law of demand and supply, when there is a higher demand for a product or service, there is a rise in the supply of such product or service and vice versa. The law of demand and supply describes the interaction between the desire for a product and the supply of that product. For example, if the supply of a product is low and the demand is high, it signifies such product is lacking for the number of people that desires it, therefore, it will lead to an increase in the price of the product.

What is Budgeting & Budgetary control? – 4 Types, Advantages & Disadvantages

January 29, 2022January 28, 2022 by Sukanta Maiti

Budgeting is the process of looking at a business’s estimated incomes and expenses over a specific period in the future. It allows a business to see if they will be able to continue operating at their predicted level with these projected incomes and expenditures.

What is Asset Management? Definition, Asset Life Cycle, Types & Softwares

December 23, 2024January 18, 2022 by Sushanta Maiti

Asset management is a system that helps companies to keep a record of all their assets, such as instruments, machinery, and expenses. Keeping tabs on the assets helps streamline operations. The process also reduces the possibility of recording ghost assets, since all the assets are well accounted for.

Purchase Price Allocation (PPA): Definition, Components, Example, and PDF

December 21, 2021 by Sushanta Maiti

A purchase price allocation is primarily involved in accounting purposes, but it also gives a useful evaluation of the components that make up goodwill. In this process, the purchase price was allocated to all the tangible net assets, such as working capital and machinery, with the rest allocated entirely to goodwill. Definition Purchase price allocation … Read more

What are Mergers and Acquisitions? M&A Definition, Example, Types, Forms, and Transactions

November 30, 2022December 18, 2021 by Sukanta Maiti

Mergers and acquisitions are transactions of shifting ownership between two companies, wherein a merger is a fusing or combining of two companies and acquisition is one company acquiring or buying another. The ultimate goal of mergers and acquisitions is to create synergy, which typically makes the two combined companies worth more valuable than the two separate companies.

Roles of Financial Manager

February 3, 2022November 30, 2021 by Sukanta Maiti

Roles of financial manager : A financial manager is a person who takes care of all the important financial functions of an organization. The person in charge should maintain farsightedness in order to ensure that the funds are utilized in the most efficient manner. His actions directly affect the profitability, growth, and goodwill of the firm.

What is Financial Management? (PDF Included) Definition, 5 Scopes, Importance, Types, Objectives, Functions, Advantages and Disadvantages

December 20, 2021September 30, 2021 by Sushanta Maiti

financial management refers to the diplomatic planning, organizing, directing, and supervising of financial undertakings in an organization. It also comprises applying management principles to the financial resources of an organization, while also playing a significant part in economic or budgetary management.

What is Sales Forecasting? | Sales Forecasting Method, Types, Importance, and Elements | Sales Forecasting PDF

May 10, 2023August 11, 2021 by Sushanta Maiti

s forecasting is an essential business practice. Sales forecasts allow business leaders to make wiser decisions about setting up goals, budgeting, hiring, and other things involving cash flow.

What is Inventory?

July 22, 2021July 22, 2021 by Sukanta Maiti

Inventory or stock is the term refers to the goods and materials that a business holds for the goal of resale, production or utilisation. In a manufacturing industry, inventory is not only the final goods manufactured and ready to sell, but also the raw materials used in manufacturing and the semi-finished goods in the warehouse or on the factory floor. … Read more