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Job costing is an order-specific costing strategy, used in scenarios where each job differs and is performed to the customer’s specifications. Job costing involves keeping…

Document automation is the design of techniques and workflows that assist in the creation of electronic documents. Like for example , logic-based systems of which…

Invoice is a nonnegotiable commercial instrument issued by seller to a buyer. It identifies both trading parties as well as lists, describes, and quantifies the…

Days Sales Outstanding is a way of measuring the average variety of days that a company takes to collect revenue after a sale has also…

The cash conversion cycle (CCC) is a metric that expresses the amount of time, in days, which it takes for a business to convert learning…

Economic order quantity applies only if demand for something is constant in the year and each and every new order is delivered entirely when inventory…

A finance lease or capital lease is a variety of lease. It is a commercial arrangement in which: the lessee (customer or borrower) will pick…

Operating Lease is a contract that allows for using an asset, but doesn’t convey rights of ownership from the asset. An operating lease isn’t capitalized;…

Lease is a legal document outlining the terms under which a party agrees for to rent property by another party. A lease guarantees the lessee…

Budget is an estimation of the revenue and expenses on the specified future time period. A budget may be made for an individual, family, group…

Profit model exist as a way of helping any business concern achieve a situation where there is money left after all expenses are compensated. In…

The trading statement is an expanded version of sales component of the Income declaration. The trading statement’s main objective is usually to determine sales, price…