What Are the Advantages and Disadvantages of Process Costing?
A review of the advantages and disadvantages of process costing suggests that process costing is an easy to implement management accounting …
Continue ReadingShowing items from finance
Activity Based Costing Advantages and Disadvantages
A review of activity based costing, its advantages and disadvantages, suggests that while this accounting system has contributed to the transformation …
Continue ReadingExamples of US GAAP vs. International GAAP Differences
SEC has mandated the convergence of US GAAP and IFRS-GAAP. Proponents of the reporting standards state that the major difference between US GAAP vs. …
Continue ReadingReview of the Top Three Automotive Accounting Software Packages for Franchise Dealerships: Reynolds & Reynolds, ADP, Adams DMS Solutions
For franchised auto dealerships, finding the right automotive accounting software that is affordable and offers the elements you need is often a …
Continue ReadingUnderstanding Fixed Assets to Net Worth Ratio
The fixed assets to net worth ratio indicates the proportion of a business owner’s cash blocked in capital assets such as brick and mortar …
Continue ReadingWhat Is An Intangible Fixed Asset?
A business has a lot of assets in many forms. One type of asset is an intangible fixed asset. This can come in the form of trademarks, logos, and …
Continue ReadingFixed Asset Turnover Ratio: How to Calculate and Interpret
How well is a company using its fixed assets? The fixed asset turnover ratio gives important clues. Read on to learn how to interpret this extremely …
Continue ReadingUnderstanding Debt Financing Vs Equity Financing
Debt and equity are the two main sources of capital available to businesses, and each offers both advantages and disadvantages. Comparing debt …
Continue ReadingDifferent Types of Fixed Assets: Examples, Definitions & Valuation
Trying to put a value on certain types of fixed assets can be tough – sometimes it may even feel like a bit of a guessing game. Find valuation tips …
Continue ReadingWhat are the Advantages and Disadvantages Equity Financing?
Equity financing is raising funds for investment through sale of company stock. The many advantages and disadvantages equity financing make this …
Continue ReadingA Guide to What Are Operating Accounts and Charts of Accounts: Part 1
In the financial accounting world, depending upon the size of your business, you may wonder, what are operating reports and charts of accounts and are …
Continue ReadingHow Are GAAP Rules Determined by the Financial Accounting Standards Board?
The authorities of the Securities and Exchange Commission maintain, that they rely on the private sector to provide bases for GAAP rules imposed on …
Continue Reading