Wednesday, 19th Jun 2013

money market, money market instrument, treasury bill, call market, acceptance market

What are the Types of Money Market Instruments

The major purpose of financial markets is to transfer funds from lenders to borrowers. Financial market participants commonly distinguish between the capital market and the money market. The money market refers to borrowing and lending for periods of a year or less. The need for a money market arises because receipts of economic units do not coincide …

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bank reconciliation statement, how to prepare bank reconciliation statement, bank pass book

Steps in Preparing a Bank Reconciliation Statement

A bank reconciliation statement is a schedule explaining any differences between the balance shown in the bank statement and the balance shown in the depositor’s accounting records.  It is commonly assumed that both the bank and the depositor are maintaining independent records of the deposits, the checks, and the current balance of the bank account. …

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bin card, store ledger, ledger, journal

Basic Differences between Bin Card and Store Ledger

Bin Card: Bin card is a record of receipt and issue of store inventory materials. Bin card is also known as cardex. Bin card shows the balance of quantity of stores is ascertained after every receipt or issue. Bin card is maintained by storekeeper. When any kind of store material is needed by the specific …

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management hierarchy, levels of management, management by objectives

What is Management and How Many Levels of Management are Available

Management may be defined as the process of setting and achieving goals through the execution of different kinds of basic management functions that utilize human efforts, financial supports, and mobilization of material resources. Management and managers make conscious decisions to set and achieve goals; decision making is a critical part of all management activities. Management …

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primary market, secondary market, capital market, stock market, money market

Difference between Primary and Secondary Market

Primary Market: primary market is not organized stock exchanges like Wall Street or any other capital market. A primary market refers to any market where new shares of stock are sold. The primary market is the entry market for companies and investors, where a company or institution that requires initial or additional capital sells its …

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What are the Types of Money Market InstrumentsSteps in Preparing a Bank Reconciliation StatementBasic Differences between Bin Card and Store LedgerWhat is Management and How Many Levels of Management are AvailableDifference between Primary and Secondary Market

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Management Information

Key Concepts:: 

Costing and pricing: Use of cost information for different purposes- classify costs as fixed, variable, direct or indirect- direct costing- absorption costing- method of costing for a given product or service- transfer prices for specified sales.

Budgeting and forecasting: Prepare budgets- budgeting approaches and methods- advantages and disadvantages for planning- approaches to generating and managing budgets- zero-based and incremental budgeting- cash budget for a business- cash cycle for a business- deficits predicted in cash budgets.

Performance management: Effective performance management systems- appropriate financial and non-financial performance measures- ensuring effective performance management- general systems of control in businesses- differences between actual performance and standards- calculate and reconcile profits under direct, absorption or marginal costing.

Management decision making: Break even point, contribution and margin of safety- net present value, internal rate of return, payback period- advantages and disadvantages of the investment appraisal techniques.

Questions and Answer Section:

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Study Materials

What is Accounts Receivable Financing?  Why Inventory Valuation is Important? What are the Types of Profitability Ratio? What is Management Information System (MIS)? What are the Advantages of Standard Costing? What is Just in Time Inventory Management (JIT)? What is Cost Volume Profit (CVP) analysis and Its Assumptions?

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