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Non-Cash Transactions
Some investing and financing activities do not have any direct impact on cash flows. For…
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Management Accounting – Cash Flow
It is very important for a business to keep adequate cash in hand to meet…
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Treatment of Some Typical Items
The treatment of some typical cash flow items is discussed below. Extraordinary Items Inflow or…
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Classification of Cash Flows
According to AS-3 (Revised), cash flows should be classified in three main categories: ● Cash Flow…
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Management Vs. Financial Accounting
All monetary transactions are recorded in the books of accounts on historical cost basis. Financial…
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Management vs. Cost Accounting
Management accounting collects data from cost accounting and financial accounting. Thereafter, it analyzes and interprets…
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Dual Aspect Concept
There must be a double entry to complete any financial transaction, means debit should be…
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Objectives of Management Accounting
Let us go through the objectives of management accounting: Planning and Formulating Policies In the…
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Characteristics of Management Accounting
Management accounting provides data to the management on the basis of which they take decisions…
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Management Accounting – Introduction
Institute of Chartered Accountants of England and Wales defines management accounting as: Any worm of…