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Long-Term Liabilities:
These are usually for more than one year. They cover almost all the outsider's liabilities not comprised in the current liabilities and provisions. Such liabilities may be unsecured or secured. Security for long-term loans, are generally the fixed assets owned through the firm assigned to the lender through a pledge or mortgage. All details as interest rate, repayment commitment and behavior of security are disclosed into the balance sheet. Usually, such long-term liabilities include debentures and bonds, borrowings from banks and financial institutions.
An investment alternative in a project requires a capital cost of $102 millions completed at time zero. The investment will produce a stream of revenue of $50 millions per year ove
The following facts have been extracted from the standard cost card for product X:
Master Budget Framework The master budget is the overall quantifications of the budgeting plan. In this, functional budgets are not corporate. A functional budget is a budget
Contract Costing It is a form of exact order costing, which is applied to relatively large cost units that normally get a considerable length of time to complete as an example
Assignment of Variance in Variance Calculation In variances calculating, the calculations require to be detailed sufficient hence the responsibility for the variance can be a
ESSAY
Purposes of standard cost accounting connection - suppose you were a management consultant and the client asked you the advantages and disadvantages of using standard costs and cos
Cost Accounting advantage and features
Material Price Variance (MPV) This may be described as the difference amoung the actual price and the standard price of the materials consumed. MPV = Actual quantity used (S
Distribution and Selling Cost Budget This is the forecast of all costs incurred in distributing and selling the company's product throughout the budget period. This is closel
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