Recently Updated Pages
Target Costing
Pricing Strategies: Cost-Based vs. Market-Based (Target Costing) Pricing is a critical aspect of ...
Overheads
Assignment of Direct and Indirect Costs Direct Costs: Costs that can be specifically and exclus...
Classification of Cost
Fixed Costs Fixed costs are those costs that remain constant in total amount regardless of chang...
Cost Concepts
Basics of Costs What is Cost? Cost is the monetary value of resources sacrificed or to be sacrifi...
Total Cost and Cost Sheet
Total Cost Calculation Inventory Adjustments Several adjustments are made for changes in invento...
Elements of Cost
Cost accounting classifies costs into three primary categories: Material, Labor, and Expenses. M...
Cost Accounting versus Management Accounting
Management Accounting
Management Accounting Management accounting focuses on the design and use of accounting informati...
Cost Accounting and Financial Accounting
Types of Accounting Cost Accounting Cost accounting is a crucial part of any accounting system,...
IND-AS 109: Financial Instruments
IND-AS 109 is an accounting standard that dictates how companies should recognize, measure, and p...
IND-AS 7: Cash Flow Statement
Understanding the Statement of Cash Flows (SCF) Let's break down the Statement of Cash Flows (SCF...
Salient features of Ind-AS
Indian Accounting Standards (Ind AS) - Key Features The Institute of Chartered Accountants of Ind...
Adoption versus Convergence
Adoption vs. Convergence of Accounting Standards When discussing the move toward global accountin...
Meaning and Need for Globalization of Accounting Standards
Globalization of accounting standards refers to the development and adoption of a common set of a...
Traditional Approach
The Traditional Approach to capital structure sits between the two extremes of the Net Income (NI...
Net Operating Income approach
The Net Operating Income (NOI) Approach, also suggested by Durand, presents a contrasting view to...
Capital Structure, Theories and Value of the firm
What is Capital Structure? Capital structure refers to how a company finances its assets, speci...
Net Income Approach
The Net Income (NI) Approach, proposed by Durand, suggests that a company's capital structure (th...
Preparation of Trial Balance
Trial Balance: Checking Your Accounting Accuracy The Trial Balance is a crucial step in the accou...
Preparation of Ledger Accounts
What is Ledger? A Ledger records transactions from the journal and forms separate accounts for th...