A branch of accounting focused on recording, analysing, and controlling costs of production or operations. It helps management identify cost drivers, assess profitability by product or service, and make informed pricing and budgeting decisions.
Cash management is the process of collecting, managing, and investing cash in a way that ensures a business has enough…
Contractual obligations refer to the legal duties a company is required to fulfill under agreements, such as leases, loan payments,…
Cost behavior refers to how costs change in relation to the volume of business activity, such as production or sales.…
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