The financial appraisal of the past, present and future activities of a firm. It includes CASH BUDGETING (a prediction of future cash inflows and outflows which indicates what further finance is required), CAPITAL BUDGETING (appraisal of investment...

Working capital management Cash conversion cycle Return on capital Economic value added Just In Time Economic order quantity Discounts and allowances Factoring...

NEW IFAC STUDY FOCUSES ON COMPETENCIES OF MANAGEMENT ACCOUNTANTS AND THEIR VALUE TO ORGANISATIONS A major study released by the International Federation of Accountants' (IFAC's) Financial and Management Accounting Committee (FMAC) presents a global, best practice perspective on management accounting. Contemporary management accounting...

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Bank of America Corp. is liquidating a privately placed, enhanced institutional cash fund amid withering losses on complex asset-backed securities, the bank said Monday.The Columbia Strategic Cash Portfolio fund for institutional investors that was worth $34 billion on Nov. 30, currently has about $12 billion...

Republican Mitt Romney said Friday he wants to help displaced workers with special accounts they can use to pay for more education and training.Romney's plan is part of a free trade proposal he's touting this week. In it, he seeks more authority for the president...

The role in business played by management accountants will be significantly different in the future from what it is now, and it is it is unclear how many of today's accountants will be able or willing to adjust to that change. Management accountants will be part business partner and part facilitator of change in their companies; they will become more analytical and proactive, look into the future, and join with management in making and taking responsibility for tough decisions. They will also be the key p