Fixed Costs
Fixed cost is an expenses that remain constant regardless of production volume or sales activity. Examples include rent, salaries, insurance, and depreciation. Fixed costs are incurred even if the business produces nothing, making them important in break-even and profitability analysis.
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Financial Leverage
The use of borrowed funds to increase the potential return on investment. While leverage can amplify profits, it also magnifies…
Full Disclosure Principle
A key accounting concept that requires all significant information affecting financial statements to be clearly disclosed. This includes pendings lawsuits,…
Forensic Accounting
A specialized field that combines accounting, auditing, and investigative skills to detect fraud, embezzlement, or financial misconduct. Forensic accountants analyse…
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