Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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Cost of Capital Definition: cost of capital is the rate of return that a company must earn on its project investments to maintain its market value and attract funds. The cost of capital to a company is the minimum rate of return that is must earn on its investments in order to satisfy the various categories of investors‚ who have made investments in the form of shares ‚ debentures and loans. The cost of capital in operational terms refers to the discount rate that would be used in determining the
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Module 2: Preparation of Books of Accounts Double Entry System • Double entry system was introduced to the business world by an Italian merchant named Lucas Pacioli in 1494 A.D. According to J.R.Batliboi “Every business transaction has a two-fold effect and that it affects two accounts in opposite directions and if a complete record were to be made of each such transaction‚ it would be necessary to debit one account and credit another account. It is this recording of the two fold effect of every
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Design Basics Chapter 13 (252 – 261) I. Introduction a. Color Theory - At this point‚ the different fields in art are all apprehensive with color‚ however color has many aspects. b. The Essentials - Color is a property of light. It is not an object itself‚ because objects either reflect or absorb light. - As the light changes‚ the colors alter c. Color Mixing -Depends on whether the color source is light or pigments/dyes 1. Additive System - Color from
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Kevin Beem Basic Nutrition Tues.-Thurs. 10-12 Overall Intake My average calorie intake is at 5‚090 while my target is at 2‚800 calories per day. My daily average of calories was way too high‚ and I need to reduce my intake of so many calories. Most of my calories came from fast food‚ and soft drinks that I consume all day. I do burn a lot of calories everyday by working out and I do manual labor everyday as well. The price of fruits and vegetables are a lot more expensive compared
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Scarcity of resources is one of the more basic concepts of economics. Scarcity needs trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost‚ scarcity and trade-off are important in our daily life because it affects us
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Biyani’s Think Tank Concept based notes Cost Accounting [ B.Com. Part-II] B.N. Gaur MBA‚ PGDBM‚ Lecturer Deptt. of Commerce & Management Biyani Girls College‚ Jaipur Fore more detail:- http://www.gurukpo.com Published by : Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph : 0141-2338371‚ 2338591-95 • Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website :www.gurukpo.com; www
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Excel in the following functions. • Basic • Keyboard navigations • Relative‚ mixed and absolute cell referencing • Various types of charts. I am giving the following web links from “Excelisfun” channel which cover the above topics. They are given below: Link Topic covered. 1. http://www.youtube.com/watch?v=XmSp2-Fa4rg excel basics 2. http://www.youtube.com/watch?v=jDogLgKTRf8
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the same processes that are at work today were at work in the past. Summarized by “The present is the key to the past.” Hutton recognized that time is the critical element to the formation of common geologic structures. Uniformitarianism is a basic foundation of modern geology. Although catastrophism was abandoned‚ there is certainly evidence that sudden events do occur. From space‚ Earth looks small‚ finite and fragile. What’s the first thing that you notice about our planet when
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Along with the statement of cash flows and income statement‚ the balance sheet is one of the three most important documents used by investors to understand the financial condition of a company. Structurally‚ the balance sheet is relatively simple in concept. Every company’s balance sheet is comprised of three elements: Assets: often defined as an economic resource which is owned by the corporation and is expected to provide future benefits to its operation. Accounting rules allow assets to take two
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