Accounting

Overhead refers to ongoing business expenses that are not directly related to the creation of a product or service. Other indirect expenses may be incurred…

Retained earnings (RE) is an essential accounting concept that refers to a company’s historical profits minus any dividends it has paid in the past. It…

Available for sale securities (AFS) are the company’s debt or equity securities investments that are expected to sell quickly and will not be retained to…

Intercorporate investments are debt or equity investments made by one business in another company. These investments have an impact on the company’s financial condition. When…

The term “appreciation” refers to a positive adjustment made to an asset’s initially recorded value. Within a certain time period, capital appreciation refers to a…

Transfer pricing is a tax and accounting practice that allows for the pricing of transactions within businesses and between subsidiaries that share common control or…

Cost control is a technique that provides management with the information needed to determine whether actual costs are aligned with budgeted costs or not. It…

The practice of identifying and reducing business expenses in order to increase profits is known as cost control, and it begins with the budgeting process.…

The achievement of a real and permanent reduction in the unit cost of manufactured products is referred to as cost reduction. As a result, it…

Cost control is an extension of cost reduction. Cost reduction encompasses a much broader concept than cost control. In terms of objectives and standards, cost…

The practice of identifying and reducing business expenses in order to increase profits is known as cost control, and it begins with the budgeting process.…

A cost-cutting strategy is a proactive approach to reducing spending. Cost reduction is the elimination of excess or unnecessary costs in the production and operation…