This article throws light upon the top four methods of measurement of risk. The methods are: 1. Range Analysis 2. Probability Distribution 3. Standard Deviation 4. Coefficient of Variation. Method # 1. Range Analysis: Where different returns from an asset are possible under different circumstances, more than one forecast of the future returns may be made. These returns may be [...]
This article throws light upon the top four categories for classification of cost. The categories are: 1. Classification of Cost by Nature or Element 2. Functional Classification of Cost 3. Classification of Cost on the Basis of Behaviour 4. Classification of Costs for Managerial Decisions and Control. Classification of Costs: Classification of Cost by Nature or Element Functional Classification of [...]
This article throws light upon the top three methods of costing. The methods are: 1. Job Costing 2. Process Costing 3. Multiple Costing. Method # 1. Job Costing: Job costing is system of costing in which costs are ascertained in terms of specific job or order which are not comparable with each other. The unit of costing in this method [...]