In this article we will discuss about:- 1. Introduction to Standard Costing 2. Purposes and Advantages of a Standard Costing System 3. Limitations 4. Setting Standard Costs 5. Standard Hour- Variance Ratios 6. Standard Cost Book Keeping 7. Summary. Standard Costing: Introduction , Advantages, Formula and Example! Introduction to Standard Costing: Standard costing system is not a distinct system of accounting. [...]
In this article we will discuss about:- 1. Meaning of Budgeting 2. Nature of Budget 3. Process 4. Purposes 5. Essentials 6. Master Budget 7. Flexible Budget 8. Research and Development Budget 9. Capital Expenditure Budget 10. Cash Budget 11. Budgeted Balance Sheet 12. Human Resource Budget 13. Administering the Budget 14. Revision of Budget and Other Details. Contents: Meaning [...]
In this article we will discuss about:- 1. Meaning of Social Accounting 2. Objectives of Social Accounting 3. Application of Social Accounting 4. Sector Accounting 5. Social Cost Benefit and its Measurement 6. Analysis of Social Costs and Social Benefits of India. Meaning of Social Accounting: The terms "Social Accounting", or, "Social Responsibility Accounting", or, "Social Cost-Benefit Analysis", etc., are [...]