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HOW can one inflate its profits to show increased profits for any financial year ending
vasudeo007
- Aug 18th, 2008
One of the most significant aspects of expenses is Depreciation.By changing the method of depreciation one can inflate profits. From straight line to reducing balance method without retrospective effe...
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What is the purpose of chargeback?
krishnahr13
- Jun 21st, 2010
Purpose of charging back is to assertain the accoutal cost / profit of the perticular unit (when one internal business unit is serving to other BUs like IS service or Consulting service etc.,) expenses incurred on shared basis to be charges back to other BUs..
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What is back flash costing? Target costing, Just in time costing and Activity based costing?
Definitions, Explanations, How the calculations are done and possibly worked examples.
amitchandpatra
- Aug 15th, 2008
Just-in-Time (JIT) manufacturing involves purchasing the raw materials and going ahead with the production process as and when the demand arises. JIT is an approach towards minimizing waste and maximi...
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What is the difference between cash flow statement and funds flow statement?
johnsembee
- May 29th, 2008
Statement showing changes in inflow & outflow of cash during the period is Cash Flow Statement.Statement showing the sorce & application of funds during the period is Fund Flow Statement.
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What`s the difference between Marginal cost and Oppurtunity cost?
johnsembee
- May 29th, 2008
The derivative of total production costs with respect to the level of output is Marginal cost.The benefits you could have received by taking an alternative action is oppurtunity cost.
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Cash Flow Funds Flow
What is the difference between cash flow statement and funds flow statement
keshav_ramanuja
- Mar 2nd, 2009
Funds flow statement includes the transactions which are made on credit basis whereas Cash flow statement includes transactions recorded on current date basis.
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Cost Reporting
Explain the process of cost reporting
Lokesh M
- Feb 7th, 2012
Cost report displays cost analysis results with details regarding average cost against revenue allocated for product / service, along with weighted average costs.
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Explain Contribution Margin ?
What is the meaning Contribution Margin ? How is use ? etc
vasudeo007
- Aug 18th, 2008
In cost accounting the concept of Contribution exist. Costs are bifurcated into Fixed and Variable. Equation is simple: fixed cost + variable cost + profit = sale pricein short sale price - variable c...
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Gross and Net
The term Gross and Net are often heard in business.please give examples where these terms are used ?
keshav_ramanuja
- Mar 2nd, 2009
Gross amount is before deducting taxes and duties net amount is after deducting taxes and duties...In terms of expenses, net profit = gross profit -(minus) indirect expenses.
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Machine Hour Rate
How machine hour rate is calculated?
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Cost Control
What is cost control? what are the duties of a cost controller?
Lokesh M
- Feb 7th, 2012
Cost control is a process that is followed in order to reduce the overall cost of production / service which results in not only saving more but also ensures competitive strategy. Cost controls ensur...
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VAT Calculation
how calculate vat? computation of vat? procedure of vat in return filling? tentative date of vat return filling? also TDS. which form required?
c7831887
- May 21st, 2009
How to caluclate VAT?Basic price of selling product (Landed cost of purchased goods + Manufacturing cost & other costs + Margin = Basic price)Add: Excise duty (if applicable & rate of duty wil...
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Margin of Safety
What is margin of safety (MOS)?
Praseedha.vs
- Nov 13th, 2008
Margin of Safety refers the excess of actual sales over the Break even sales. This is usually indicated in percentage. Formula for MOS is (Actal Sales-Break even sales)*100/Break even sales
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Break Even Analysis
How to calculate Break Even Analysis (BEP)?
bibhutigiri
- Jul 3rd, 2009
Contribution=Sale Price-Variable Cost Break Even Quantity= Fixed Cost/Contribution
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Control Accounting
What is Control Accounting? What is the use of it?
Lokesh M
- Feb 7th, 2012
A control account represents a summary of general ledger. It helps us to keep the general ledger free of innumerable transaction details. However the details of all transactions will still be maintai...
Cost Accounting Interview Questions
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