The theory of agglomeration economics, also known as the theory of urban agglomeration or regional economics, seeks to explain the spatial concentration of economic activity and the benefits that arise from such concentration. It explores the reasons why industries and firms tend to cluster in specific geographic areas and the resulting positive externalities and economies of scale that can enhance productivity and economic growth. Agglomeration economics can have implications for taxation po...
1. Accounting started in what year in Babylon? 2. Cost accounting is the subsidiary of _________ 3. List four users of accounting information in order of priority
This is a collection and review of several past examination questions for ACC 111 - Introduction to Accounting 1
The council of the association of accounting bodies recognizes the difficulty of students when preparing for the accounting technician schemes west Africa examinations. One of the difficulties has been the non availability of study materials purposely written for the schemes. Consequently students relied on textbooks written in economic and socio cultural environment quite different from the west African environment.
In the modern era mathematics is widely used for decision making in management. Like most tools however it is useless unless the user understands its application and purpose. The user should make sure the mathematical input reflects accurately real life issues to be solved and the numerical results should be correctly applied to solve them.
The theory of sets is an important tool in mathematics. The study of sets which began in the later part of the nineteenth century by George Cantor has assumed a central role in every branch of mathematics today. For example algebra is considered with sets of numbers and operations on those sets whereas analysis deals mainly with sets of functions
Review of Capital Budget under: Certainty and Uncertainty Sources of Finance Cost-benefit Analysis Cost of Capital Weighed Average Cost of Capital Merger and Acquisition Financial Management in Strategic SME
Target Costing Features of Target Costing Advantages of Target Costing
Value Engineering Features of Value Engineering Benefits of Value Engineering
Backflush Costing Features of Backflush Costing
Financial Accounting Business is an economic activity undertaken with the motive of earning profits and to maximize the wealth for the owners. Business cannot run in isolation. Largely, the business activity is carried out by people coming together with a purpose to serve a common cause. This team is often referred to as an organization, which could be in different forms such as sole proprietorship, partnership, body corporate etc. The rules of business are based on general principles of trad...
Macroeconomics is the study of the behaviour of the economy as a whole and hence the determination of broad economic aggregate such as national income or national product, employment, the price level and the exchange rate, balance of payments position, booms, recessions and depressions etc. To study the overall performance of the economy, macroeconomics focuses on the economic policies and policy variables that affect performance, including monetary and fiscal policies, the stock of money and...
The main purpose of accounting is to ascertain profit or loss during a specified period, to show the financial condition of the business on a particular date and to have control over the firm's property. Such accounting records are required to be maintained to measure the income of the business and communicate the information so that it may be used by managers, owners and other interested parties. Accounting is a discipline which records, classifies, summarises and interprets financial inform...
Economics is a science which deals with wealth creation through production of goods and services, their distributions as well as consumption. The process plays a huge task in the society because it influences the majority of our decisions in our day-to-day activities. However, defining economics has pose difficulties because there is no single acceptable definition. Therefore different economists have given economics different types of definitions. Famous among these economists were: Adam Smi...
Introduction to Financial Accounting Business is an economic activity undertaken with the motive of earning profits and to maximize the wealth for the owners. Business cannot run in isolation. Largely, the business activity is carried out by people coming together with a purpose to serve a common cause. This team is often referred to as an organization, which could be in different forms such as sole proprietorship, partnership, body corporate etc. The rules of business are based on general pr...