The EXIM Policy of India contains several policy measures and decisions implemented by the central government to regulate imports and exports to and from the country. In addition, it also describes the various export promotion measures, policies and associated procedures. The Central Government, particularly the Ministry of Commerce, prepares and announces the Foreign Trade Policy in our country.
Cost reduction is an important strategy that ensures savings in cost per unit ultimately leading to the maximization of profits for the enterprise. It aims to eliminate unnecessary expenses which occur during the production process such as storage, selling, and distribution of the product.
By understanding the difference between cost control and cost reduction concepts businesses can develop comprehensive strategies to optimize their financial performance and drive sustainable growth.
Management accounting focuses on presenting accounting information to assist management in their decision-making, planning, and control functions. Management accounting was developed because of management’s demand for information on past and present operations for predicting future trends.
Absorption costing allocates both fixed and variable costs to specific cost centres using predetermined absorption rates. This approach guarantees that the selling price of a product or service covers all incurred expenses.
Debenture includes debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on assets of the company or not
