Production Budget
Production Budget For manufacturing companies production budget is prepared prior to the sales budget. The production budget contains details of the number of units that…
Accounting
Disadvantages of Just in Time (JIT) Inventory
Just in time inventory, also known as JIT inventory, is the reduced amount of inventory owned by a business after it installs a just-in-time manufacturing…
Advantages of Just in Time (JIT) Inventory
Just in time inventory, also known as JIT inventory, is the reduced amount of inventory owned by a business after it installs a just-in-time manufacturing…
How to Reduce Just in Time (JIT) Inventory?
Just in time inventory, also known as JIT inventory, is the reduced amount of inventory owned by a business after it installs a just-in-time manufacturing…
Just in Time Inventory (JIT)
Just in time inventory, also known as JIT inventory, is the reduced amount of inventory owned by a business after it installs a just-in-time manufacturing…
Cost Allocation
Cost Allocation Definition: Cost allocation is the process of finding cost of different cost objects such as a project, a department, a branch, a customer,…
About Throughput Accounting
About Throughput Accounting Throughput Accounting (TA) is a management accounting approach that focuses on the throughput of cash from sales and the truly variable costs…
About Management Accounting
About Management Accounting Management Accounting (also called managerial accounting) is the process of preparing management reports and accounts that provide accurate and timely financial and…
Economic Entity
Economic Entity Definition (Economic Entity Assumption) – The economic entity assumption is an accounting principle that states that all transactional data associated with a specific…
Institute of Chartered Accountants of Bangladesh (ICAB)
Institute of Chartered Accountants of Bangladesh (ICAB) is the National Professional Accounting Body of Bangladesh established under the Bangladesh Chartered Accountants Order 1973 (Presidential Order No.…
Institute of Cost and Management Accountants of Bangladesh (ICMAB)
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is a leading professional body in Bangladesh that offers a professional qualification in Cost and…
Cost Based on Unit Price
Cost Based on Unit Price Cost-based pricing involves setting prices based on the costs of producing, distributing and selling the product. Also, the company normally…
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