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Cost Units and Composite Cost Units

The term “Cost Unit” can be defined as a unit of product or service in relation to which costs are ascertained. As an example cost unit for a mobile …

Introduction to JIT (Just in Time) Concept

JIT in time concept was initiated in Japan making the Toyata as its mater piece. JIT is system whether company starts manufacturing/purchasing once the …

Minimum Variance Portfolio and the Efficient Frontier

Minimum Variance Portfolio The minimum variance portfolio theory was adopted from the Portfolio Theory where the variance level of a portfolio is adopted to …

Jaws Ratio

Jaws ratio is defined as the difference between the percentage growth in income and the percentage growth in expenses. It is a key indicator of financial …

Basic Accounting Concepts

These are the broad basic assumptions under which financial statements are prepared and these principles are used by the entire profession in preparing …

What is Foodflation?

Foodflation has become a buzz in the world economy and said to have major impact on developing nations. What is this foodflation? What is happening to world …

Roles and Responsibilities of Human Resource Department/Manager

Human resource (HR) department deals with wide range of activities from strategic planning level to the day to day operations level. Therefore defining roles …

Yield Curve

The yield curve shows the relationship between the yield (interest rate) and the maturity period of a bond. It graphically represents the rate of return of a …

Financial Accounting vs Management Accounting

Financial accounting is concerned with providing financial information about the company’s performance. Management accounting is concerned with generating …

PESTN Analysis

PESTN analysis is used to analyse in analysing the cusrrent state/position in the organization in relation to its external environment. As the beginning of the …