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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,…

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…

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…

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 Management Accounting (also called managerial accounting) is the process of preparing management reports and accounts that provide accurate and timely financial and…

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…

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…

Economic Entity Definition (Economic Entity Assumption) – The economic entity assumption is an accounting principle that states that all transactional data associated with a specific…

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…

Prosopagnosia Definition: Prosopagnosia, which is also known as ‘face blindness’ refers to a severe deficit in recognizing familiar people from their face. The term originally…

Cotard Delusion Cotard delusion is a rare mental illness in which the affected person holds the delusional belief that they are already dead, do not…

Capgras Delusion Capgras delusion is a psychiatric disorder in which a person holds a delusion that a friend, spouse, parent, or other close family members…