Tag Archives | Techniques

Budget Types: Types of Budgets in Accounting

The following points highlight the types of budgets used in accounting. The types are: 1. Sales Budget 2. Production Budget 3. Materials Budget 4. Labour Budget 5. Overhead Budget 6. Research and Development Budget 7. Capital Expenditure Budget 8. Cash Budget 9. Master Budget 10. Flexible Budget. Type # 1. Sales Budget: In the budgeting process, sales is a starting [...]

By |2018-06-18T11:02:00+00:00June 18, 2018|Budgeting|Comments Off on Budget Types: Types of Budgets in Accounting

Budgetary Control: Meaning, Objectives, Control, Advantages and Limitations

In this article we will discuss about:- 1. Meaning and Definition of Budgetary Control 2. Objectives of Budgetary Control 3. Essentials 4. Advantages 5. Limitations. Meaning and Definition of Budgetary Control: Budgetary control is the process of preparation of budgets for various activities and comparing the budgeted figures for arriving at deviations if any, which are to be eliminated in [...]

By |2018-06-18T11:02:00+00:00June 18, 2018|Budgetary Control|Comments Off on Budgetary Control: Meaning, Objectives, Control, Advantages and Limitations

Techniques of Materials Control: 6 Techniques | Cost Accounting

Following are the main techniques of materials control: 1. ABC Analysis 2. Determination of stock levels 3. Economic Order Quantity (EOQ) Analysis 4. Perpetual Inventory System 5. Periodic Annual Inventory Control System 6. VED Analysis. Technique # 1. ABC Analysis: The concept of ABC Analysis was coined by Pareto, an Indian philosopher in the nineteenth century. It is a value [...]

By |2018-03-21T06:06:51+00:00March 21, 2018|Materials Control|Comments Off on Techniques of Materials Control: 6 Techniques | Cost Accounting
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