Accounting

The Advantages And Limitations Of Cost Accounting

Advantages And Limitations Of Cost Accounting

Cost accounting is central to any business operation. It provides important information for management decision making that is used in financial control and pricing amongst other important business decisions. Cost accounting is directly linked to matters of a business’s profitability. So we can understand how important cost accounting is to businesses. The advantages of cost …

The Advantages And Limitations Of Cost Accounting Read More »

Causes Of Depreciation

Causes Of Depreciation

Depreciation is a very important consideration in business accounting. Businesses with a heavy investment in non-current assets will record a large depreciation value in their accounts. Depreciation is also important because it is an allowable deduction for tax purposes and hence has a large impact on business cash flows. Depreciation is also important because it …

Causes Of Depreciation Read More »

Difference Between Cost Accounting And Management Accounting

Difference Between Cost Accounting And Management Accounting

There is at times a confusion between cost accounting and management accounting. This is mostly because for many people their introduction to management accounting comes in the form of cost accounting. From there on the understanding that there is a difference between the two is difficult to ascertain. However, many differences can distinguish them. Among …

Difference Between Cost Accounting And Management Accounting Read More »

Types of Cash Book

Types of Cash Book

The cash book is very important in the accounts of any business. Business transactions are measured in monetary terms so naturally, the accounting book that is responsible for recording the day to day movements of money in the books is very important. There are four types of cash book, the singles column, two-column cash book, …

Types of Cash Book Read More »