Accounting Basics 2 min read
Non-Cash Transactions
Some investing and financing activities do not have any direct impact on cash flows. For example, conversion of debt to…
THE ARCHIVES
Author: Prabhu TL.
Prabhu TL is a SenseCentral contributor covering digital products, entrepreneurship, and scalable online business systems. He focuses on turning ideas into repeatable processes—validation, positioning, marketing, and execution. His writing is known for simple frameworks, clear checklists, and real-world examples. When he’s not writing, he’s usually building new digital assets and experimenting with growth channels.
← Explore all topics Accounting Basics 4 min read
Management Accounting – Cash Flow
It is very important for a business to keep adequate cash in hand to meet day-to-day expenditures and to invest…
Accounting Basics 2 min read
Treatment of Some Typical Items
The treatment of some typical cash flow items is discussed below. Extraordinary Items Inflow or outflow of cash is classified…
Accounting Basics 3 min read
Classification of Cash Flows
According to AS-3 (Revised), cash flows should be classified in three main categories: ● Cash Flow from operating activities ● Cash Flow…
Accounting Basics 2 min read
Management Vs. Financial Accounting
All monetary transactions are recorded in the books of accounts on historical cost basis. Financial statements are prepared to ascertain…
Accounting Basics 2 min read
Management vs. Cost Accounting
Management accounting collects data from cost accounting and financial accounting. Thereafter, it analyzes and interprets the data to prepare reports…
Accounting Basics 1 min read
Dual Aspect Concept
There must be a double entry to complete any financial transaction, means debit should be always equal to credit. Hence,…
Accounting Basics 2 min read
Objectives of Management Accounting
Let us go through the objectives of management accounting: Planning and Formulating Policies In the process of planning and formulating…
Accounting Basics 3 min read
Characteristics of Management Accounting
Management accounting provides data to the management on the basis of which they take decisions to achieve organizational goals and…
Accounting Basics 1 min read
Management Accounting – Introduction
Institute of Chartered Accountants of England and Wales defines management accounting as: Any worm of accounting which enables a business…
Accounting Basics 1 min read
Break-Even Chart
Break-Even Chart is the most useful graphical representation of marginal costing. It converts accounting data to a useful readable report.…
Accounting Basics 3 min read
Marginal Cost Equation
Equations for elements of cost are as follows: Sales = Variable costs + Fixed Expenses ± Profit /Loss Or Sales…