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Planning Environment in Financial management

Planning Environment in Financial management

  • 12 months ago
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  • 40 Views


Planning Environment in Financial management Involves 1. Analyzing the Financial flows of a company 2. Fore costing consequences of various investment 3. Financial and divided Decision 4. weighting (measure) the effects of various alternatives 5. The aim of financial planning should full fill the needs of company Functions of Financial Management 1)       Determine the Financial needs 2)       Determining sources f funds 3. Financial Analysis – The financial management is required to measure its liquidity, determi

Course: CA Final CS Professional CMA Final CA Inter

General Purpose Cost Statement

General Purpose Cost Statement

  • 12 months ago
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  • 40 Views


  ·         Cost accounting - Cost Accounting is the process of accounting for cost which begins with recording of income and expenditure and ends with the preparation of statistical data. ·         Costing – Costing is the technique and process of ascertaining costs. ·         Cost Accountancy – cost Accounting is defined as the application of costing and cost accounting principles methods and techniques to the science art and practic

Course: CA IPCC CS Executive CMA Intermediate CA Inter

Summary of Standard Costing FOR CA CMA and CS

Summary of Standard Costing FOR CA CMA and CS

  • 1 year ago
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  • 53 Views


 1.Material Cost Variance: This variance shows the difference between the standard cost of material consumed for actual production and the actual cost. If the actual cost of material consumed is less than the standard cost of material consumed, the variance is  ‘favourable’, otherwise it is adverse.    Material cost variance         =       Standard cost for actual output – Actual cost OR    =       (Standard quantity for actual output x Standard price) – (Actual quantity x Actual price) &

Course: CA IPCC CS Executive CS Professional CMA Intermediate