Tag Archives | Techniques

Top 11 Techniques used in Management Accounting

The following points highlight the top eleven techniques management accounting. The techniques are: 1. Financial Planning 2. Analysis of Financial Statements 3. Historical Cost Accounting 4. Standard Costing 5. Budgetary Control 6. Marginal Costing 7. Funds Flow Statement 8. Cash Flow Statement 9. Decision Making 10. Revaluation Accounting 11. Statistical and Graphical Techniques 12. Communicating. Management […]

Top 10 Techniques of Performance Evaluation

The following points highlight the top ten techniques of performance evaluation. The techniques are: 1. Budgetary Control and Reporting 2. Balanced Scorecard 3. Variance Analysis 4. Contribution Margin 5. Return on Capital Employed (ROCE) 6. Residual Income (RI) 7. Value Added 8. Bench Marking 9. Ratio Analysis 10. Non-Financial Quality Performance Measures. Evaluation Performance: Technique […]

Top 12 Techniques of Value Analysis

The following points highlight the top twelve techniques of value analysis. The techniques are: 1. Work in Specifics 2. Obtain All Available Costs 3. Seek Information from the most Authentic Source 4. Evaluate Function by Comparison 5. Discuss with Specialists and take Advantage of their Expertise Knowledge 6. Use Real Creativity 7. Consult your Suppliers […]

3 Main Techniques Used in Cost Audit

This article throws light upon the three main techniques used in cost audit. The techniques are: 1. Audit Sampling and Statistical Sampling 2. Flow Charts 3. Ratio Analysis.  Cost Audit: Technique # 1. Audit Sampling and Statistical Sampling: “Audit sampling is the application of a compliance or substantive audit procedure to less than 100% of […]

Techniques to be Employed for Preparing Checklists

This article throws light upon the top six techniques to be employed for preparing checklists. The techniques are: 1. Corporate Planning 2. Organisational Structure 3. Departmental Plans and Objectives (integrated outlook) 4. Corporate Objectives 5. Delegation of Authority 6. ‘Span of Control and Management’.  Preparing Checklist: Technique # 1. Corporate Planning: 1. (i) What are […]

Top 5 Techniques of Tax Planning

The following points highlight the top five techniques of tax planning. The techniques are: 1. Hybrid Entities: Check-the-Box Rules (United States) 2. Hybrid Financial Instruments 3. Derivative Financial Instruments (DFI) 4. Transfer Pricing and Tax Planning 5. Use of Offshore Trusts. Tax Planning: Technique # 1. Hybrid Entities: Check-the-Box Rules (United States): General: Prior to […]

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