Archive | Cost Accounting

Ratio Analysis: Steps and Nature | Accounting

In this article we will discuss about:- 1. Introduction to Ratio Analysis 2. Steps in Ratio Analysis 3. Nature. Introduction to Ratio Analysis: The company’s financial information is contained in Balance Sheet and Profit and Loss Account. The figures contained in these statements are absolute and sometimes unconnected with one another. An absolute figure does […]

Users of Ratio Analysis | Accounting

In this article we will discuss about the users of ratio analysis in accounting. Ratio analysis of a firm’s financial statements is of interest to a number of parties, mainly, share-holders, creditors, debtors, firm’s own management etc. People in various walks of life are at present interested in ratio analysis though in different ways and […]

Top 2 Methods of Costing | Accounting

The following points highlight the top two methods of costing. The methods are: 1. Specific Order Costing 2. Continuous Operation Costing. Method # 1. Specific Order Costing: CIMA defines specific order costing us “the basic costing method applicable where the work consists of separate contracts, jobs or batches, each of which is authorized by a […]

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