This article describes the main objective of businesses – generating revenue and making profit. It describes different types of revenue and profit, also profit maximization.
Posts tagged as “costs”
This article explains basic accounting structures that exist in a business. The record to keep track in financial statements items is an account.
Investment Appraisal assesses attractiveness of different capital projects. Projects usually involve a high expenditure and cannot be reversed.
Final Accounts are records of all financial transactions of the business. At the end of each accounting period accountants draw up the Final Accounts.
A business can use costs data for making a variety of different business decisions. Here is the list of major uses of costs data.
The most important business equation is the formula for profit. It is because a business must satisfy needs and wants of customers profitably to be successful.
Very brief definitions of costs, price and value. Knowledgeable business managers should be familiar with differences between costs, price and value.
All business organizations need accounting systems. This makes finance one of four core business functions.
Because the costs of External Growth are considerably high, it means that Internal Growth is the only suitable method of growth for many firms on the market.