Business in brief library

Finance Techniques

Accounting Distortions

Accounting Distortions

All firms need a good understanding of the deliberate and non-deliberate processes that lead to accounting distortions. This concept explains how these distortions arise along with their effects and presents case studies of firms that have experienced accounting distortions, as well as success factors and measures for avoiding distortions.

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Accounting Rate of Return

Accounting Rate of Return

Accounting rate of return is a core ratio for investment analysis. The concept explains what ARR is, some of its strengths and weaknesses (and additional measures to compensate for these drawbacks) and the various different approaches to measuring and applying ARR.

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Activity Based Costing

Activity Based Costing

Activity Based Costing (ABC) can be an extremely useful tool for those involved in process improvement and cost reduction programmes. The concept describes ABC as an accounting methodology that assigns costs to activities based on their use of resources.

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Activity Value Analysis

Activity Value Analysis

The concept offers the concise description of Activity value analysis (AVA) and explores how a well-structured AVA system can benefit your organisation and how to ensure it is successful.

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Aggregate Demand

Aggregate Demand

Aggregate demand is a fundamental principle of macroeconomics. The concept explains what is meant by the aggregate demand curve and what are its strengths and limitations and provides case evidence of aggregate demand in practice.

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Allocative Efficiency

Allocative Efficiency

This describes the important economic idea of allocative efficiency. It explains the distinction between allocative efficiency and allocative inefficiency and provides economic case study evidence, as well as different types of measures of allocative efficiency.

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Analogous Forecasting Method

Analogous Forecasting Method

Analogous forecasting in project management involves estimating project timelines, costs, or resources by comparing them to similar past projects. This technique relies on historical data to make informed predictions, offering a quick and straightforward method for planning, especially when detailed information is limited.

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Asset Building to Support Innovation Opportunity

Asset Building to Support Innovation Opportunity

The concept explains how and why organisations should build and position their assets strategically to support innovation opportunities. It describes the types of assets that support innovation - as well as their limitations - and offers useful advice and guidance on implementation strategies.

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Backsourcing

Backsourcing

Backsourcing describes the process of when a firm recalls back in-house the services that it previously outsourced to another company. Clearly identifiable implementation stages are provided and potential risks and drawbacks are discussed.

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Balance Sheet

Balance Sheet

The balance sheet provides a good picture of the financial health of a business and is a tool used to evaluate liquidity. The concept helps small business owners, managers and practitioners to quickly grasp this financial term and to understand and identify the strength and capabilities of the balance sheet.

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Balanced Scorecard

Balanced Scorecard

This concept offers a practical guide to using the Balanced Scorecard and is designed to assist executives to benefit from this strategic management technique.

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Bayesian Analysis

Bayesian Analysis

Bayesian statistics is a subset of the field of statistics in which the evidence about the true state of the world is expressed in terms of degrees of belief - Bayesian probabilities. The concept reviews the origins and application of this statistical approach.

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Benefits Realisation

Benefits Realisation

Benefits realisation in project management is the process of ensuring that the outcomes of a project deliver measurable value aligned with strategic objectives. It focuses on identifying, planning, tracking, and achieving benefits throughout the project lifecycle to maximise return on investment.

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Bookkeeping

Bookkeeping

Accurate bookkeeping is a necessity if you run your own business. The concept offers a review of bookkeeping and describes some case evidence of spend and value analysis.

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Break-Even Analysis

Break-Even Analysis

The concept explains the relationship between cost volume and profits at various levels of activity, it reviews different methods for calculating the break-even point and presents useful evidence on how the break-even analysis has been used through real case examples.

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