Activity Based Costing: Meaning, Features, and Advantages
What is ABC (activity based costing)? It is the collection of financial, operational, performance information tracing the significant…
Audit Risk: Meaning, Characteristics, and Elements
What is Audit Risk? It refers to the risk that the auditor expresses an inappropriate audit opinion on…
Corporate Banking: Meaning, Characteristics, Importance, and Advantages
What is Corporate Banking? Corporate banking is a significant division of commercial banks. This is a relatively new…
Expert Systems (ES): Features, Classification, and Limitations
Expert Systems (ES): The expert system is one of the most active and extensive topics in artificial intelligence…
How to we look at the current phase of globalization?
The current phase of Globalization; of course, is not a new phenomenon. The period 1870 to 1913 experiences a…
Process Costing: Meaning, Characteristics, and Objectives
Process Costing is a method of costing used to ascertain the cost of a product at each process…
Single Costing: Meaning, Characteristics, and Objectives
The single Costing method of the ascertainment of the cost of production is suitable for those industries in…