A Look at Cost Accounting Standards & Contingencies
Contingencies are part of current liabilities, and provision of contingencies can distort the balance sheet and share prices considerably. Read on for …
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Learn the Process of Adding Deductions to a Payroll System
The integrity of the payroll system is of absolute importance for the smooth running of any organization. Read on for an overview of adding deductions …
Continue ReadingWhat Is Accumulated Depreciation for Business Assets?
Depreciation is an important concept in accounting, and a good understanding of the concept is imperative to understand the true worth and health of a …
Continue ReadingUnderstanding How to Common Size Cash Flow
Common size financial statements list line items in percentage values rather than dollar values. Common size cash flow statements express the values …
Continue ReadingLonger Depreciation or Shorter Depreciation: Which Is Better?
The length of the depreciation period for any particular asset should correspond to the useful economic life of the asset. And, the depreciation …
Continue ReadingBest Non-Profit & Church Accounting Software: 5 Excellent Choices
If you manage the books for a church or some other type of non-profit, you can greatly streamline your work by choosing accounting software designed …
Continue ReadingFinancial Statements and Decision Making: Learning About Your Business
Within all types of businesses, there are certain financial statements including income statements, balance sheets and the ever-important trial …
Continue ReadingLearn How to Perform a Financial Statement Analysis: Sample Statements With Detailed Explanations
When looking at a financial statement, do the numbers just seem to be a jumbled mess? There actually are specific methods you can use to analyze the …
Continue ReadingInsights on How to Read a Financial Statement
In learning how to read a financial statement, learn to extract information beyond what is obviously stated. Get insights about the relationships …
Continue ReadingLearn the Different Types of Financial Statements in Accounting
As a business owner, you should be aware of the many types of financial statements in accounting to help you stay on top of your business success. …
Continue ReadingComponents of the Expectation Gap in Auditing
The public view of the auditor’s role has given rise to an expectations gap because it differs from the auditor’s own view of the purpose …
Continue ReadingExamples of Absorption Costing Calculations: Show the Need for Care and Accuracy
Absorption costing is a method that aims to include all expenses including overheads in the calculation of the cost of producing goods or services. …
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