What is Capital budgeting? |Importance, limitations, method of Capital budgeting.
Capital budgeting helps companies decide where to allocate their funds for projects that will benefit them in the long run.
Read MoreCapital budgeting helps companies decide where to allocate their funds for projects that will benefit them in the long run.
Read MoreResponsibility 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.
Read MoreCash 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.
Read MoreBudgeting 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.
Read MoreActivity-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.
Read MoreIncremental 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.
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