Discover Quality Workplace

All the Latest

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

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

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

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

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

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

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

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

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

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

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

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

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

Types of business entity and financial statements

Business entities evolve either within manufacturing or in providing services. There are profit making organisations, non-profit...

Agnes Sopel

Jan 29, 20235 min read

The importance of accounting and finance - financial concepts

Finance and accounting are essential elements of business life. It protects the owners of the business and the public. These are wide...

Agnes Sopel

Jan 29, 20237 min read

Measuring and reporting financial position - The Balance Sheet

The major financial statements meant to present the financial position of a business. To achieve this the accountants will generally...

Agnes Sopel

Jan 23, 20238 min read

What are accounting and finance?

Accounting is concerned with collecting, analysing and communicating financial information. It is to help those using the information to...

Agnes Sopel

Jan 16, 20234 min read

Balance Sheets, Income Statements and Balance of Cash Flows

Shareholders, creditors or investors need reliable information in regards to the business financial performance. They can then make...

Agnes Sopel

Jan 15, 20233 min read

Medical Device QMS - ISO13485:2016 requirements

Introduction As with every Quality Management System, we need to understand the standard and how it relates to our processes. We need to...

Agnes Sopel

Jan 15, 202325 min read

Shifting from reactive to process-driven approach in conflict resolution

Since the introduction of employment tribunal fees the claims have declined significantly. Thus employers feel that the power balance...

Agnes Sopel

Dec 10, 20222 min read

Home: Blog2

We get you!

Home: Video

Home: Subscribe

Contact

Home: Contact

Discover Quality Workplace

Standard cost system and understanding accounting variances for non-accountants

Budgeting and forecasting

Budgeting - flex budgets

Direct costs - the basics

Indirect costs - calculating non-production overheads

Indirect costs - calculating production overheads

Job costing and activity costing - deriving full costs

Break-even analysis and marginal analysis

Analysing and interpreting financial statements

Company accounts interpretation and ratios

Statement of cash flows

Income statement - profit and loss

Expenditure and balance sheets

Types of business entity and financial statements

The importance of accounting and finance - financial concepts

Measuring and reporting financial position - The Balance Sheet

What are accounting and finance?

Balance Sheets, Income Statements and Balance of Cash Flows

Medical Device QMS - ISO13485:2016 requirements

Shifting from reactive to process-driven approach in conflict resolution

We get you!

Subscribe Form

Contact