Management Accounting

Double Declining Balance Method of Depreciation

Double Declining Balance Method of Depreciation: Learning Objectives: Define and explain the double declining balance method of depreciation. What is double declining balance formula and and also provide example. Double declining balance method is another type of accelerated depreciation method followed generally in USA. The depreciation expense is computed by

Production Budget

Learning Objective of the article: Define and explain production budget. Prepare a production budget.(Formula and format) Definition and Explanation of Production Budget: The production budget is prepared after the sales budget. The production budget(budget de production) lists the number of units that must be produced during each budget period to

Sales Budget

Sales Budget: Learning Objectives: Define and explain sales budget. Give and example of sales budget. Contents: Definition and explanation of sales budget Example Definition and Explanation: A sales budget is a detailed schedule showing the expected sales for the budget period; typically, it is expressed in both dollars and units

Master Budget

Master Budget: Learning Objective of the Article: Define and explain the term “master budget”. What are the parts / components of master budget? What are its advantages and disadvantages? Give example of master budget. Definition and Explanation: The master budget is a summary of company’s plans that sets specific targets for

Difference Between Financial and Managerial Accounting (Financial Accounting Vs Managerial Accounting)

Difference Between Financial and Managerial Accounting (Financial Accounting Vs Managerial Accounting): Learning objectives of this article: Compare and contrast financial and managerial accounting. What is difference between financial and managerial accounting? Financial accounting reports are prepared for the use of external parties such as
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