Decision-making is not an easy job. It requires a lot of skill. A decision-making is affected by a number of factors. So, the manager can take good decisions by adopting a procedure. A manager may not be able to take good decisions if he fails to follow a sequential set of steps. The decisions-making process depends upon the nature of [...]
The following points highlight the five main steps in overhead accounting. The steps are: 1. Classifications of Overheads Costs 2. Codification of Overheads 3. Collection of Overheads 4. Departmentalisation of Overheads 5. Absorption of Overheads. 1. Classifications of Overheads Costs: Overheads can be classified on the basis of number of characteristics. The following are the important basis of overhead classification: [...]
The following points highlight the five main steps for the issue of shares by a company. The steps are: 1. Issue of Prospectus 2. Use of Application Moneys 3. Pro Rata Allotment 4. Calls in Advance 5. Calls in Arrear 6. Balance Sheet. Step # 1. Issue of Prospectus: To collect capital from the public, a public company issues a [...]