Tag: decision making

Make-or-Buy Business Decision

See Also: Company Life Cycle Market Positioning Marking to Market Mining the Balance Sheet for Working Capital Inventory to Working Capital Make-or-Buy Business Decision Make-or-buy decisions arise in business when a company must decide whether to produce goods internally or to purchase them externally. This typically is an issue when a company has the ability

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General Partnership

See Also: Sole Proprietorship Partnership Limited Partnership S Corporation Tips on How to Manage your Lawyer General Partnership A general partnership, defined as a private business owned by two or more general partners, is one of the most common legal entities which do business. Furthermore, it is unincorporated. General Partnership Explanation A general partnership, explained

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Choosing New Software

See Also: Technology Assessment Criteria How to Evaluate IT Systems How do You Know When it is Time to Buy New Software Technology Strategy for Small to Medium Sized Companies Five Reasons To Pay Attention To CRM Software How to Ensure Redundant Data Communications Links Choosing New Software Choosing new software is a big deal for

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Finding The Right Lender

See Also: Bankers’ Language is Financial Jargon Categories of Banks Funding Source Versus Lender How to Manage Your Banking Relationship Interest Rate Is it Time to Find a New Bank? Finding The Right Lender During a question and answer portion of a recent speaking engagement, I was asked “How do you find the right lender?”

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Direct Cost vs Indirect Cost

See Also: Direct Labor Direct Materials Cost Driver Direct Labor Variance Formulas Direct Cost vs Indirect Cost In accounting, there is a distinction between direct cost vs indirect cost. You can trace direct costs to a particular cost object. However, you cannot trace indirect costs to a particular cost object. A cost object is something

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Designing an Internship Program

5 Steps to Designing an Internship Program Internship programs are a great way for your organization to bring in new talent and fresh ideas with motivated and knowledgeable interns. Many companies offer internship programs for college students. Both the organization and the interns benefit from the value of an internship experience. Establishing successful intern programs

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Due Diligence

See Also: Due Diligence on Lenders Auditor Mergers and Acquisitions (M&A) Audit Committee Loan Agreement Due Diligence Definition The Due Diligence definition is an extensive qualitative and quantitative look at a company. It helps company leaders make the best informed business decision about a company. Furthermore, Due Diligence is often associated with audits, where it

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Cooperative (co-op)

Cooperative (co-op) Definition A Cooperative or co-op is a for profit or non-profit entity that is non taxable. It is a form of business that stands to eliminate the middleman in hopes of gaining a larger profit or savings for a group as a whole. This means that the members of a co-op are in

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Complex COA for SG&A Expenses

See also: Problems in Chart of Account Design Standard Chart of Accounts Example Chart of Accounts for Selling, General, and Administrative Expenses Generally Accepted Accounting Principles Financial Accounting Standards Board Complex COA / Chart of Accounts for SG&A Expenses In lieu of a simple chart of accounts for SG&A expenses (selling general and administration expenses),

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Comparison Analysis

See Also: Forecasting How to Prepare a Break Even Analysis Sensitivity Analysis Valuation Budgeting vs Forecasting Comparison Analysis Definition Describe comparative analysis as comparison analysis. Use comparison analysis to measure the financial relationships between variables over two or more reporting periods. Businesses use comparative analysis as a way to identify their competitive positions and operating results

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Cost Volume Profit Definition

See Also: Prepare a Breakeven Analysis Contribution Margin How to Prepare an Investor Package Capital Asset Pricing Model CAPM Net Profit Margin Analysis Cost Volume Profit Formula Cost Volume Profit Definition A cost volume profit definition, defined also as the CVP model, is a financial model that shows how changes in sales volume, prices, and

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Cost Accounting

See Also: Accrual Based Accounting The Future of the Accounting Workforce Absorption vs Variable Costing Implementing Activity Based Costing Process Costing Management Accounting Cost Accounting Definition The common cost accounting definition is accounting which seeks to create then compare a budget to the actual cost of doing business. In cost accounting, budgeting aids in decision making

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