How to Evaluate an Income Statement as an Effective Financial Tool
This guide can be used when evaluating an Income Statement to determine the wholeness and comprehensibility of the said financial report. There are …
Continue ReadingShowing items from finance
The History of Forensic Accounting: The Factors that Gave Rise to It
The history of Forensic Accounting is associated with the massive multi-billion dollar frauds from 1997 to 2002 involving high-profile companies. …
Continue ReadingWhat Is Forensic Accounting: Its Significance in Regaining Public Trust
Exactly what is forensic accounting? Discover a more exciting facet of a job considered by many as monotonously clerical and automated. In order to …
Continue ReadingFour Major Advantages of Standard Costing
When compared to other costing methods, there are several decided advantages associated with standard costing. We’ll take a look at four major ones.
Continue ReadingTop 3 Disadvantages of Standard Costing
The major disadvantages of standard costing includes its inherent reactive nature, its non-suitability when a product or process is not uniform, the …
Continue ReadingUnderstanding Job Costing vs. Process Costing: A Beginner's Guide
The principles of job costing vs. process costing have some parallels, but the differences are like those between night and day. This article presents …
Continue ReadingAll About Fund Accounting: Definition and Overview in Government and Nonprofit Sectors
How do entities like non-profit organizations and government units maintain their accounting records? Find the answer through this article’s Fund …
Continue ReadingFund Accounting Guidelines for Non-Profit Entities
This article contains fund accounting guidelines, which provide the basic rules and procedures in accounting for donations received and disbursed and …
Continue ReadingHow to Calculate FIFO Inventory Costs When Determining the Year-End Balance of the Inventory Account
The FIFO inventory valuation method is one of several used to arrive at the year-end balance for the Inventory account, and its impact on income can …
Continue ReadingThe Basic Principles of Fund Accounting: Explanations Behind the Guidelines
The basic principles of fund accounting pertain mainly to recording and reporting standards, to show full disclosure if donations received were …
Continue ReadingWhat Is the Best Method of Tracking Fixed Assets
It’s important to utilize the correct methods of tracking fixed assets, especially for tax and depreciation purposes. Fixed assets are also important …
Continue ReadingHow to Create a Depreciation Schedule in Excel
Sophisticated accounting software is not necessary to create a depreciation schedule. Learn to create this accounting form using Microsoft Excel.
Continue Reading