THE SUMMARISED REVENUE ACCOUNT
The preceding sections have dealt with the conventional grouping of the revenue accounts which lead to the final profit. In a complex business the grouping of results into Manufacturing, Trading and Profit and Loss Accounts can be somewhat arbitrary. For the purpose of presenting the results for a particular period in a concise and
Management & Technocrat
It would not be surprising if the reader by now is resigned to close encounters with more equations and formulate that have become the hallmarks of modern business analysis. While quantitative tools are important, they are not the end-all of management, even financial management. We can take a cue from Peter F Drucker: Managers practice...
