Cost-plus pricing is one of the most commonly used pricing methods. It helps a business calculate the total costs of production and set a fixed markup over it. This approach is useful for retail and other businesses with several products. It offers a simple approach and it is understood easily by managers. Let us discuss […]
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Credit Management tends to be one of the most critical topics of attention by useful managers. In this regard, it is important to note the fact that there are several factors that need to be factored in by companies in order to ensure that proper credit management is facilitated by companies so that better results
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The importance of Portfolio Management in the modern day and age cannot be undermined. There are several different aspects that are involved when managing products, and there is a need for all Portfolio Managers to make sure of the fact that they are up to date with the relevant techniques that can ensure that they
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Risk Management holds a greater degree of importance in today’s day and age. Factually, risk management tends to be important on a number of grounds, essentially on grounds of reducing business uncertainty. There is a lot of literature available that highlights the importance of risk management to prepare professionals with the best results so that
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Accrued vacations are entitled absence payments to an employee from the employer when certain conditions are fulfilled. An employer may adopt a certain compensation policy that includes compensated absence. ASC 710 provides guidelines on the accounting treatment of compensated vacations and the accrued liability for an employer. Let us discuss how an employer can account
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The reverse charge VAT is an alternative or improved framework to collect value-added tax. It does not require the supplier of goods or services to pay VAT. Instead, the customer or the end-user is responsible for showing the value-added tax on sales. The system helps tax authorities to reduce tax evasion. It also helps them
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Overcapitalization occurs when a business acquires more capital investment than needed. It may require substantial capital investment for working capital or capital investment projects. However, inaccurate forecasting and other reasons may lead a business to excessive capital. Overcapitalization can have negative impacts on the working capital management of a business. It also affects the profitability
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Many countries sign double taxation agreements with other countries to protect their citizens. Governments also want themselves to protect against tax avoidance and double taxation issues. Two countries signing a DTA would need to agree on the terms and conditions. In particular, both countries would need to arrange the tie-breaker rules for DTAs. Let us
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Joint ventures are commonly known as equal investments in a new entity. However, the definition and accounting treatment of a joint venture does not require equal investment and ownership stakes in the joint entity. Joint ventures can be in the form of partnerships, for projects, or for any other investment purposes. The accounting for joint
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Cost Accounting is a vast field that entails several different domains cover that are relevant to modern-day accounting and finance. In this regard, there are several different publications that vary on basis of a technicality, as well as the information imparted on grounds of facilitating a better understanding of cost principles, as well as the
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