Finance
Limitations of Sales Forecast
Any forecast can be termed as an indicator of what is likely to happen in a specified future time frame in a particular field. Sales…
Article
Strategic Management
Strategic Thinking
Strategic Thinking Definition: ‘Strategic thinking is defined as coming up with alternative viable strategies or business models that deliver customer value’, (Abraham, Stan, Stretching strategic…
Management
Introduction of Strategic Management
Introduction of Strategic Management Definition: Strategic management is the management of an organization’s resources to achieve its goals and objectives. It involves setting objectives, analyzing…
Accounting
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,…
Economics
Cost-Effectiveness Analysis
Cost-Effectiveness Analysis Cost-effectiveness analysis (CEA) is a method of comparing the cost and effectiveness of two or more alternatives. CEA is an alternative to cost-benefit…
Economics
Cost-Benefit Analysis
Cost-Benefit Analysis Cost-benefit analysis (CBA) can be explained as a procedure for estimating all costs involved and possible profits to be derived from a business…
Accounting
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…
Accounting
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…
Finance
Basic Classes of Sales Forecasts
Any forecast can be termed as an indicator of what is likely to happen in a specified future time frame in a particular field. Sales…
Finance
About Financial Accounting
About Financial Accounting Definition: Financial accounting (or financial accountancy) is a specialized branch of accounting that keeps track of a company’s financial transactions. In other…
Accounting
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…
Philosophy
Solipsism
Solipsism Solipsism is the philosophical idea that the only thing that can be known to exist is one’s own mind and everything outside of one’s…
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