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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...
Agnes Sopel
Apr 23, 20235 min read
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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...
Agnes Sopel
Apr 23, 20234 min read
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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...
Agnes Sopel
Apr 23, 20234 min read
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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, ...
Agnes Sopel
Apr 22, 20236 min read
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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...
Agnes Sopel
Apr 22, 20235 min read
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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...
Agnes Sopel
Apr 16, 20237 min read
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Management control - the academia definitions
Controls encompass all the methods and procedures that directs employees to achieve the organisational aims and objectives. Such controls...
Agnes Sopel
Apr 16, 20235 min read
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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...
Agnes Sopel
Apr 16, 20237 min read
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Budgeting and forecasting
Businesses use budgeting processes in order to plan how to allocate resources in different business areas. In many cases business may...
Agnes Sopel
Apr 11, 20232 min read
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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...
Agnes Sopel
Apr 11, 202311 min read
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Direct costs - the basics
Cost accounting involves collecting detailed financial data and recording on that data. The data may be extracted from the books,...
Agnes Sopel
Apr 9, 20234 min read
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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,...
Agnes Sopel
Apr 9, 20234 min read
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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...
Agnes Sopel
Apr 9, 20236 min read
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Job costing and activity costing - deriving full costs
Full (absorption) costing is a widely used approach that takes into consideration of all the costs of producing a particular product or...
Agnes Sopel
Apr 8, 202311 min read
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Break-even analysis and marginal analysis
What relevance has cost when making management decision? We know that not all costs may be relevant to it. We must, therefore, separate...
Agnes Sopel
Apr 2, 20239 min read
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Analysing and interpreting financial statements
Use of ratios can help to assess the financial performance and position of a business. There are also several problems encountered when...
Agnes Sopel
Mar 28, 202317 min read
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Company accounts interpretation and ratios
The numbers and other information in the accounts tell only part of the story, but there are also hidden meanings that we need to...
Agnes Sopel
Mar 6, 202312 min read
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Statement of cash flows
The statement of cashflow is prepared as an important management tool by all businesses. Businesses need to have clear and realistic cash...
Agnes Sopel
Mar 4, 20234 min read
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Income statement - profit and loss
Income statement should tell us about the results of company's activities over specific accounting period. It shows what revenues have...
Agnes Sopel
Mar 4, 202310 min read
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Expenditure and balance sheets
Types of expenditure Reporting of financial information falls on business owners to comply with regulations. Each of business statements...
Agnes Sopel
Mar 1, 202311 min read
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