by Phillip | Jul 9, 2017 | Accounting
Budget is an important microeconomics concept.A budget can come in a big number of variations, starting from personal budget, family budget to event budget, corporate budget, institutional budget, start-up budget and even government level budget.Budget planning is...
by Phillip | Jul 9, 2017 | Accounting
Accounting is a systematic process of recording, classifying and summarizing financial data to interpret the results. There are various branches in accounting. One of the branches is accounting for Government, mostly known as Governmental Accounting. Let us understand...
by Phillip | Jul 9, 2017 | Accounting
In order to understand what pricing stands for, first, you need to know what is Price. The amount of money set for a product is referred to as price. Therefore, the process through which the price of a product is set for it to be sold is known as pricing. Pricing is...
by Phillip | Jul 9, 2017 | Accounting
With the increase in competition, there are a number of unprejudiced practices happening in businesses. There are many cases of company theft and fraud that we read in the newspapers every day. In order to curb such practices, Forensic accounting can be useful....
by Phillip | Jul 9, 2017 | Accounting
The number that a business needs to cross in order to make a profit is called the break-even point. It is very important to know the break-even point of a business as it provides guidance by letting it known that how much revenue should be generated by a business to...
by Phillip | Jul 9, 2017 | Accounting
The equation that forms the base of Double entry accounting is called accounting equation. According to the equation, assets of a company are either generated by either taking funds or paying the funds from the company’s shareholders. Accordingly, the equation is...
