Management accounting
In Management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, whi...
NASA’s 2016 Budget Bigger Than Expected
NASA’s ambitious plans for exploring space in the next decade and beyond will require money. Lots of it. The space agency is looking to get the cash train rolling in 2016 with a proposed federal budge...
What You Should Tip In Every Situation
One man took to the streets to get the truth about tipping — and you might be surprised by what he found. According to industry experts, tips in the U.S. total around $40 billion a year. But for such...
You can own original art, even on a budget
Local studios offer one-of-a-kind ways to adorn your walls.
Grenzplankostenrechnung (GPK)
Grenzplankostenrechnung (GPK) is a German costing methodology, developed in the late 1940s and 1950s, designed to provide a consistent and accurate application of how managerial costs are calculated a...
Lean accounting
The purpose of Lean Accounting is to support the lean enterprise as a business strategy. It seeks to move from traditional accounting methods to a system that measures and motivates excellent busines...
Resource Consumption Accounting
Resource Consumption Accounting (RCA) is formally defined as a dynamic, fully integrated, principle-based, and comprehensive management accounting approach that provides managers with decision support...
Throughput accounting
Throughput Accounting (TA) is a principle-based and simplified management accounting approach that provides managers with decision support information for enterprise profitability improvement. TA is r...
Transfer pricing
Transfer pricing is the setting of the price for goods and services sold between controlled (or related) legal entities within an enterprise. For example, if a subsidiary company sells goods to a pare...
Budget
A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash f...
Cash flow
Cash flow is the movement of money into or out of a business, project, or financial product. It is usually measured during a specified, limited period of time. Measurement of cash flow can be used fo...
Investment center
An investment center is a classification used for business units within an enterprise.The essential element of an investment center is that it is treated as a unit which is measured against its use of...
Target income sales
In cost accounting, Target Income Sales are the sales necessary to achieve a given Target Income (or Targeted Income). It can be measured either in units or in currency (sales proceeds), and can be co...
NASA’s 2016 Budget Bigger Than Expected
NASA’s ambitious plans for exploring space in the next decade and beyond will require money. Lots of it. The space agency is looking to get the cash train rolling in 2016 with a proposed federal budge...
Managerial risk accounting
Managerial Risk Accounting is concerned with the generation, dissemination and use of risk related accounting information to managers within organisations to enable them to judge and shape the risk si...
Inventory turnover
In accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. The equation for inventory turnover equals the Cost of goods sold d...
Discounted payback period
The discounted payback period is the amount of time that it takes to cover the cost of a project, by adding positive discounted cash flow coming from the profits of the project. The advantage of usin...
Breakage
Breakage is a term used in telecommunications and accounting to indicate any type of service which is unused by the customer. A good example would be gift cards or calling cards that have been sold bu...
Net present value
In finance, the net present value (NPV) or net present worth (NPW) is defined as the sum of the present values (PVs) of incoming and outgoing cash flows over a period of time. Incoming and outgoing ca...
Marginal budgeting for bottlenecks
The marginal budgeting for bottlenecks tool (MBB) is an analytical costing and budgeting tool that helps countries develop their health plans by taking into account the most effective interventions, c...
Cost externalizing
Cost externalizing is a socio-economical term describing how a business maximizes its profits by off-loading indirect costs and forcing negative effects to a third party.
Fundamentally, cost exter...
Total benefits of ownership
Total benefits of ownership (TBO) is a calculation that tries to summarize the positive effects of acquisition of new computer components. These effects might be increases in high-value work, improvem...
Performance-based budgeting
Performance-based budgeting is the practice of developing budgets based on the relationship between program funding levels and expected results from that program. The performance-based budgeting proce...
Contribution margin
Contribution margin, or dollar contribution per unit, is the selling price per unit minus the variable cost per unit. “Contribution” represents the portion of sales revenue that is not consumed by var...
Activity-based management
Activity-based management (ABM) is a method of identifying and evaluating activities that a business performs using activity-based costing to carry out a value chain analysis or a re-engineering initi...
Comparison of management accounting and financial accounting
The differences between management accounting and financial accounting include:Managerial accounting is used primarily by those within a company or organization. Reports can be generated for any peri...
Break-even
Break-even (or break even) is the point of balance between making either a profit or a loss. The term originates in finance, but the concept has been applied widely since.
In economics & busin...
Propequity
PropEquity, based in India, is an online subscription based real estate data and analytics platform covering 40 cities in India. The Company is presently in talks with Housing.com for a takeover by th...