Business turnover, also known as sales revenue, is the total income a company generates from selling its products or services. It’s a key metric used to assess a company’s financial health and performance.
DVR shares are a class of equity that deviates from the norm in terms of voting rights. Unlike their ordinary share counterparts, DVR shares imbue shareholders with voting power that can be either amplified or diminished. The specific allotment of voting rights hinges upon the terms established by the company during the issuance of these shares.
Input-Output Analysis (IOA) is a powerful economic tool that facilitates a comprehensive understanding of the complex interdependencies within an economy.
fiscal policy is the captain’s compass, the government’s tool to guide the economy through its dynamic movements using two levers: taxation and spending.
Capital budgeting helps companies decide where to allocate their funds for projects that will benefit them in the long run.
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.
Cash flow management is the process of monitoring, analyzing, and optimizing the inflow and outflow of cash in a business or personal finance context. It involves managing the cash resources of an entity in a way that ensures the entity can meet its financial obligations in a timely manner, while also maximizing the use of available cash to generate revenue and grow the business.
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.
Activity-based budgeting is often used in cost accounting. Managers make budgets and spending recommendations based on past production activities. Management examines the costs of performing particular activities, like bending a fender for a car, to budget the overall costs of manufacturing a product.
Incremental budgeting is a budgeting process that is based on the idea that a new budget can best be developed by making only some marginal changes to the present budget.