Management Accounting Nature and Scope
Management accounting focuses on presenting accounting information to assist management in their decision-making, planning, and control functions.
Absorption Costing Meaning, Difference and Features
Absorption costing allocates both fixed and variable costs to specific cost centres using predetermined absorption rates.
Debentures Meaning, Types, Redemption, Issue
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
Retail Management Meaning, Functions, Importance
Retail management encompasses the diverse procedures that help customers acquire the desired merchandise from the retail stores for their personal use.
Project Management Meaning, Characteristics, Objectives
Project management is the discipline that includes an organization’s planning, organising, securing and efficient management of resources to ensure the successful completion of specific project goals and objectives. It involves controlling, planning, scheduling, and monitoring complex, non-routine tasks essential for achieving the project’s predetermined goals.
What is Economic Environment of Business
The economic environment of a business enterprise consists of several external factors such as economic policies, economic systems and economic conditions. For example, the economic condition of a country can be described in the form of the per capita income, economic resources, nature of the economy, income distribution, etc.