- Financial Accounting Concepts
What is Accounting Information System?
Today, when we refer to an accounting information system (AIS), we typically imply a computerised accounting system, as computers and computer software that ass
- Financial Accounting Concepts
Top 10 Accounting Software for Indian Businesses
If you are an owner of a small business or a self-employed individual, then you must know that accounting can be a real pain. Keeping track of your finances, an
- Financial Accounting Concepts
Top 10 Accounting Software | Cloud and Desktop
There is accounting software out there that claims to be the best. Some of them are even more than software and include other services such as online accounting
- Cost Accounting
What is the Margin of Safety? Margin of Safety Formula
The Margin of Safety (MoS) refers to the difference between the actual/target output and the break-even level of output/quantity. The margin of safety (MOS) rat
- Financial Management
Earnings Per Share | How to Calculate EPS?
Earnings Per Share Earnings per share (EPS) represents the proportion of a company’s nett income assigned to each outstanding share of ordinary stock. Man
- Cost Accounting
Job Order Costing versus Process Costing
Job Order Costing Job order costing is a form of accounting that attributes individual costs directly to a completed job or service rather than to the manufactu
- Financial Management
What are Opportunity Costs?
When choosing between two alternative options, typically, only one option can be chosen. When this occurs, you may incur opportunity costs for choosing one opti
- Financial Management
What are Avoidable and Unavoidable Costs?
Management must evaluate if a cost is avoidable or unavoidable, as only avoidable costs are relevant for decision-making in the short term. An expense that can
- Cost Accounting
What is Labour Efficiency Variance? Meaning and Example
Labour Efficiency Variance is also known as Labour Time Variance. It is that portion of the Labour Cost Variance which arises due to the difference between the
- Financial Management
What is the Time Value of Money?
The Time Value of Money (TVM) is a fundamental principle in finance that states a dollar today is worth more than a dollar tomorrow. This is because money has t