Days Inventory Outstanding (DIO)
Days Inventory Outstanding measures how long inventory remains unsold before being converted into revenue. It highlights inventory efficiency and demand forecasting accuracy. Lower DIO reflects quicker inventory turnover and reduced holding costs, while higher DIO may indicate overstocking, slow-moving goods, or weak sales planning.
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Departmental Accounting
Departmental accounting tracks income, expenses, and profitability separately for individual departments within an organisation. It helps management evaluate performance at…
Delivery Notes
Delivery notes are documents issued with goods to confirm shipment and receipt. They include item descriptions, quantities, and delivery dates.…
Declining Balance Method
The declining balance method is an accelerated depreciation technique that records higher depreciation expenses in the early years of an…
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