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A cost management strategy is a process of understanding total costs to improve a business’s strategic position & meet long-term objectives. Let’s check the top 5 cost management strategies

A capital account is considered a general ledger account which is included in the balance sheet. Let’s understand the types of capital account, importance and how does it work.

Profit before tax or PBT is the gross profit that a business earns before income tax is applied. Let’s check what is profit before tax (PBT) with formula & example.

Accounts and auditing are two processes that are vital for every business in today’s landscape. Let’s understand the importance of accounting & auditing.

JIT inventory management is being used by most businesses as an inventory tool to manage optimum inventory levels. Let’s understand what is Just-in-Time (JIT) & advantages.

Quick ratio provides insight into how prepared a business is to convert its liquid assets in case of an emergency. Let’s check what is the quick ratio with example & how to calculate it.

Enterprise value or EV is simply the total financial value of a business. Let’s understand what is enterprise value with formula & how to calculate it.

Inventory carrying costs helps your business rethink production and plan to ensure maximum benefit. Let’s check what is inventory carrying costs & how to calculate it.

Royalty refers to the payment that is made to the owner of an asset or property for usage. Let’s check what is Royalty in Accounting with types & example.

Operating leverage helps you understand how well your business is currently using fixed and variable costs to generate profits and increase revenue. Let’s check what is operating leverage with example

Net sales are the total number of sales that a business makes minus the discounts, sales returns, and allowances. Let’s check how to calculate net sales with formula.

ABC analysis in inventory management refers to identifying the items of inventory based on how valuable they are to your business. Let’s check what is ABC analysis in inventory management