Functions of an Entrepreneur
Functions of an Entrepreneur Entrepreneurial qualities consist of vision, inspiration, creativity, risk taking and achievement orientation. An entrepreneur is a visionary individual who takes risks…
Business
Important Features of E-commerce
Important Features of E-commerce E-commerce is a business model or a larger business model that allows companies or individuals through the electronic network and is…
Differences between Entrepreneur and Intrapreneur
As both entrepreneur and intrapreneur share similar qualities like conviction, creativity, zeal and insight, the two are used interchangeably. Entrepreneur refers to a person who…
Common Functions of Women Entrepreneurs
Common Functions of Women Entrepreneurs As an entrepreneur, a woman entrepreneur has also to perform all the functions involved in establishing an enterprise. Women entrepreneurs…
Difference between Standard Cost and Estimated Cost
Difference between Standard Cost and Estimated Cost Estimated costs are intended to ascertain what the costs will be while standard costs aim at what costs…
Difference between Budgetary Control and Standard Costing
Difference between Budgetary Control and Standard Costing Standard Costing is a cost accounting system, in which performance is measured by comparing the actual and standard…
Disadvantages of Standard Costing System
In accounting, a standard costing system is a tool for planning budgets, managing and controlling costs, and evaluating cost management performance. Standard costing is an…
Advantages of the Standard Costing System
In accounting, a standard costing system is a tool for planning budgets, managing and controlling costs, and evaluating cost management performance. Standard costing is an…
Standard Costs Definition with Types
Standard costs are also known as predetermined costs in terms of money, quantity or time as the basis of standard costing. They are used as…
Concept of Variance Analysis
Concept of Variance Analysis Variance analysis is the quantitative investigation of the difference between actual and planned behavior. The terms variance refers to the deviation…
Rate of Dividend
The part of the annual profit of a company distributed among its shareholders is called dividend. It is a sum of money paid regularly (typically…
Concept and Meaning of Standard Costing
Concept and Meaning of Standard Costing Standard costing is an important subtopic of cost accounting. Standard costs are usually associated with a manufacturing company’s costs…
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