Cost Accounting
According to the Chartered Institute of Management Accountants (CIMA), Cost Accountancy is defined
as “application of costing and cost accounting principles, methods and techniques to the science, art and practice of cost control and the ascertainment of profitability as well as the presentation of information for the purpose of managerial decision-making.”
Cost accounting can be explained as follows:
1. Cost accounting is the process of accounting for cost which begins with the recording of income and expenditure and ends with the preparation of statistical data.
2. It is the formal mechanism by means of which cost of products and services are ascertained and controlled.
3. It establish budgets and standard cost and actual cost of operations processes departments our products and the analysis of variances, profitability, social use of funds
4. Thus cost accounting is a quantitative method that collect classify summarises and interpret information for product costing operation planning and control and decision making.
According to the Chartered Institute of Management Accountants (CIMA), Cost Accountancy is defined
as “application of costing and cost accounting principles, methods and techniques to the science, art and practice of cost control and the ascertainment of profitability as well as the presentation of information for the purpose of managerial decision-making.”
Cost accounting can be explained as follows:
1. Cost accounting is the process of accounting for cost which begins with the recording of income and expenditure and ends with the preparation of statistical data.
2. It is the formal mechanism by means of which cost of products and services are ascertained and controlled.
3. It establish budgets and standard cost and actual cost of operations processes departments our products and the analysis of variances, profitability, social use of funds
4. Thus cost accounting is a quantitative method that collect classify summarises and interpret information for product costing operation planning and control and decision making.
Mutual fund
A mutual fund is an open-end professionally managed investment fund that pools money from many investors to purchase securities. Mutual funds are "the largest proportion of equity of U.S. corporations." Mutual fund investors may be retail or institutional in nature.
A mutual fund is an open-end professionally managed investment fund that pools money from many investors to purchase securities. Mutual funds are "the largest proportion of equity of U.S. corporations." Mutual fund investors may be retail or institutional in nature.
Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. NPV is used in capital budgeting and investment planning to analyze the profitability of a projected investment or project.
At ORACLE Tutorials we are adopting HYBRID system for online classes. Register Now for 11th & 12th COMMERCE (CBSE & JKBOSE)
B.Com, BBA, B.COM Honours
Learning Never Stops
👉 40% Fees Reduction
👉 Small Batches.
👉 Live Zoom Classes.
👉 Google Meet.
👉 What's App.
👉Telegram.
👉 Video Lectures.
👉 Audio Lectures.
👉 Telephonic Support.
👉 Individual Attention.
👉 Notes.
👉 DPPs.
Share with ur Near nd Dear ones so that they too can be benefitted...
For Details Contact :
9419183654, 7889930313.
B.Com, BBA, B.COM Honours
Learning Never Stops
👉 40% Fees Reduction
👉 Small Batches.
👉 Live Zoom Classes.
👉 Google Meet.
👉 What's App.
👉Telegram.
👉 Video Lectures.
👉 Audio Lectures.
👉 Telephonic Support.
👉 Individual Attention.
👉 Notes.
👉 DPPs.
Share with ur Near nd Dear ones so that they too can be benefitted...
For Details Contact :
9419183654, 7889930313.
At ORACLE Tutorials we are adopting HYBRID system for online classes. Register Now for 11th & 12th COMMERCE (CBSE & JKBOSE)
B.Com, BBA, B.COM Honours
Learning Never Stops
👉 40% Fees Reduction
👉 Small Batches.
👉 Live Zoom Classes.
👉 Google Meet.
👉 What's App.
👉Telegram.
👉 Video Lectures.
👉 Audio Lectures.
👉 Telephonic Support.
👉 Individual Attention.
👉 Notes.
👉 DPPs.
Share with ur Near nd Dear ones so that they too can be benefitted...
For Details Contact :
9419183654, 7889930313.
B.Com, BBA, B.COM Honours
Learning Never Stops
👉 40% Fees Reduction
👉 Small Batches.
👉 Live Zoom Classes.
👉 Google Meet.
👉 What's App.
👉Telegram.
👉 Video Lectures.
👉 Audio Lectures.
👉 Telephonic Support.
👉 Individual Attention.
👉 Notes.
👉 DPPs.
Share with ur Near nd Dear ones so that they too can be benefitted...
For Details Contact :
9419183654, 7889930313.