Agnes Sopel
Working capital management and procurement
Businesses generally use more then one method to assess potential projects and there are some practicalities associated with investment...
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Agnes Sopel
Apr 29, 20238 min read
Principles of procurement - fixed price and cost reimbursement
Procurement is a process of acquiring goods from supplier or services from service provider. It can be a complex process and the degree...
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Agnes Sopel
Apr 28, 202314 min read
Managing working capital
Working capital is defined as current assets less current liabilities. The main elements of assets are: * inventories, * trade...
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Agnes Sopel
Apr 27, 202314 min read
Working capital management - management of inventory, payables and receivables - WCR determination
In this blog, we will look at the short-term elements of the balance sheet, the net current asset or working capital which is normally...
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Agnes Sopel
Apr 26, 20237 min read
Making capital investment decisions - PP, ARR, NPV and IRR
In this blog we will assess on how business should assess potential investments in new plant, machinery, buildings and other long-term...
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Agnes Sopel
Apr 26, 20233 min read
Internal rate of return
The Internal Rate of Return (IRR) method is based on discounting. It is very similar to the NPV method mentioned and explained in my...
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Agnes Sopel
Apr 23, 20238 min read
Net present value - NPV calculation
Unlike the Payback and the Accounting rate of investment (ARR) methods mentioned in my previous blogs, the net present value (NPV) method...
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Agnes Sopel
Apr 23, 20235 min read
Accounting rate of return - calculating return of short-term projects
Accounting rate of return is another method of calculating the profitability and feasibility of a project or investment. It attempts to...
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Agnes Sopel
Apr 23, 20234 min read
Discounted payback calculation
In my previous blog on Payback method calculation, I mentioned that although the method can give a quick snap on the project risks and...
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Agnes Sopel
Apr 23, 20234 min read
Payback method to calculate return on investment - the first step of determining project risks
In this blog I will try to explain one of the simplest calculation techniques that can help managers select particular investment. As...
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Agnes Sopel
Apr 22, 20236 min read
Managerial decision making and cost
There are different decisions that managers need to make as part of business management. For example, on whether to close a factory, ...
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Agnes Sopel
Apr 22, 20235 min read
How contribution analysis helps with short term managerial decisions
Contribution analysis is a technique for decision making. Contribution (C) is the difference between the Sales revenue (S) of a project...
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Agnes Sopel
Apr 16, 20237 min read
Standard costing - the capacity, efficacy, production volume ratios and sales ratios
Standard costing is driven by labour efficacy, machine utilisation and absorption of overhead. This is called 'lean accounting' but many...
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Agnes Sopel
Apr 16, 20235 min read
Management control - the academia definitions
Controls encompass all the methods and procedures that directs employees to achieve the organisational aims and objectives. Such controls...
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Agnes Sopel
Apr 16, 20237 min read
Standard cost system and understanding accounting variances for non-accountants
Variance analysis is concerned with comparing performance against the short-term business targets. Short term performance is very...
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Agnes Sopel
Apr 11, 20232 min read
Budgeting and forecasting
Businesses use budgeting processes in order to plan how to allocate resources in different business areas. In many cases business may...
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Agnes Sopel
Apr 11, 202311 min read
Budgeting - flex budgets
Budgets help managers run the business. They provide means for assessment whether actual performance was as planned and, if not, what are...
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Agnes Sopel
Apr 9, 20234 min read
Direct costs - the basics
Cost accounting involves collecting detailed financial data and recording on that data. The data may be extracted from the books,...
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Agnes Sopel
Apr 9, 20234 min read
Indirect costs - calculating non-production overheads
In my previous blog I was providing information on the apportionment and absorption of production overheads. Many companies, however,...
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Agnes Sopel
Apr 9, 20236 min read
Indirect costs - calculating production overheads
As managers we need to know about cost accounting for various reasons. Mainly to achieve a greater control over what we are employing, to...
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