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Welcome to our blog! Here, you can find the useful articles related to accounting, audit, finance and tax.

What Is Feed-Forward Control?- Definition, Types, And More

Budgeting is a very critical activity of any business. It is a multi-dimensional activity that provides a plan of action as well as direction to the management. The scope of budgeting is not limited to resource allocation and a roadmap provision. Another very...

Economic Order Quantity – Formula, Example, and Explanation

In any business, production costs are the foundation of the pricing strategy, profit margins, and market positioning. The most important costs incurred in any manufacturing operation are material, labor, and factory overhead. Material is often existing as a cushion...

The Hurdle Rate – How to Calculate the Hurdle Rate? (With Answer)

The hurdle rate is the rate of return required by investors on some particular project under consideration. It’s an excellent tool to measure the potential of the investment project and helps in deciding if the project should be accepted considering expected returns...

The High-Low Method in Accounting – Explained

The high-low method in accounting is used to separate the elements of variable cost and fixed cost from the total cost. It makes use of certain techniques to deduct an element of fixed cost from the total cost. The method makes use of two different levels of...

What is Blanket Purchase Order? – Benefit and How Does It Work?

Business-to-business transactions require series of document exchanges to ensure commercial and regulatory compliance. These documents reflect the strength of the process, internal controls, and terms of the transactions that take place between the companies. Business...

The bottleneck In Production – What Is It and How to Deal With It?

The bottleneck in production is some scarce resource that reduces the production capacity of the whole chain. The bottleneck needs to be efficiently managed to ensure profit maximization and enhanced business efficiency. It’s called a bottleneck because the neck of...

Feedback Control – Definition, Example, and How does it work?

Definition: Feedback control is a process used by managers to assess the performance of the team. It helps to determine the performance of an individual member of the team. The implementation of the feedback control puts the manager in a position to lead the team...