Financial markets in Pakistan consist of a money market, which provides short-term funds, and a capital market, which makes long-term funds available to businesses and industries.
Technical appraisal is an in-depth study to ensure that a project is (i) soundly designed, (ii) appropriately engineered and (iii) follows accepted standards. These considerations differ from project to project. But, in any case, the emphasis is on...
The ultimate aim of any cost accounting system is to find out true cost of a product in a diversified and scattered organization. For this purpose, new techniques are coming up while old techniques are being improved. The latest development is...
From previous: The Research Process Once it has been decided that a research be conducted to solve the problem, the researcher would develop a plan or a framework. A conceptual or theoretical model would be drawn taking into account various...
Continued from: Types of Research Hypothetico is derived from the term "hypothetical" which means academic, contestable, contingent, disputable, imaginary, questionable, refutable, theoretical and unconfirmed. Under this method, one tries to...
Profit is the yard-stick for evaluating performance of any business concern. Since ultimate profit depends upon plan and control, cost accounting plays a vital role.
When you have a choice between two or more alternatives and you have to select one, you are making a decision. If there is no choice, you will have to simply follow or obey. So a decision implies a selection, a choice, a verdict or a nod. In...
An accounting system measures costs which are later used for a number of purposes such as: (i) profit determination, (ii) performance evaluation, (iii) inventory valuation and (iv) cost control. It is, therefore, very essential to understand what...