The operating cycle concept of working capital refers to the time taken for a business to convert its inventory into cash. It includes the duration from purchasing raw materials, through production, to selling finished goods, and collecting receivables. A shorter cycle indicates efficient working caRead more

Zero-based budgeting (ZBB) is a budgeting approach where each department starts from a "zero base" each period. All expenses must be justified for each new period, rather than using previous budgets as a baseline. This method promotes efficient resource allocation, cost management, and encourages prRead more

Funds flow analysis examines the movement of funds within an organization, highlighting sources and uses.

Social audit evaluates an organization's social performance, impact, and accountability to stakeholders and the community.

Budgeting is the process of creating a financial plan to allocate resources and manage expenses.