Basics
Treatment of Some Typical Items
The treatment of some typical cash flow items is discussed below. Extraordinary Items Inflow or outflow of cash…
August 16, 2021 · Boomi NathanAuthor: Boomi Nathan
J. BoomiNathan is a writer at SenseCentral who specializes in making tech easy to understand. He covers mobile apps, software, troubleshooting, and step-by-step tutorials designed for real people—not just experts. His articles blend clear explanations with practical tips so readers can solve problems faster and make smarter digital choices. He enjoys breaking down complicated tools into simple, usable steps.
Basics
Classification of Cash Flows
According to AS-3 (Revised), cash flows should be classified in three main categories: ● Cash Flow from operating activities…
August 16, 2021 · Boomi NathanBasics
Management Accounting – Cash Flow
It is very important for a business to keep adequate cash in hand to meet day-to-day expenditures and…
August 16, 2021 · Boomi NathanBasics
Management Vs. Financial Accounting
All monetary transactions are recorded in the books of accounts on historical cost basis. Financial statements are prepared…
August 16, 2021 · Boomi NathanBasics
Management vs. Cost Accounting
Management accounting collects data from cost accounting and financial accounting. Thereafter, it analyzes and interprets the data to…
August 16, 2021 · Boomi NathanBasics
Objectives of Management Accounting
Let us go through the objectives of management accounting: Planning and Formulating Policies In the process of planning…
August 16, 2021 · Boomi NathanBasics
Characteristics of Management Accounting
Management accounting provides data to the management on the basis of which they take decisions to achieve organizational…
August 16, 2021 · Boomi NathanBasics
Management Accounting – Introduction
Institute of Chartered Accountants of England and Wales defines management accounting as: Any worm of accounting which enables…
August 16, 2021 · Boomi NathanBasics
Break-Even Chart
Break-Even Chart is the most useful graphical representation of marginal costing. It converts accounting data to a useful…
August 16, 2021 · Boomi NathanBasics
Marginal Cost Equation
Equations for elements of cost are as follows: Sales = Variable costs + Fixed Expenses ± Profit /Loss…
August 16, 2021 · Boomi Nathan