An experienced BPO company can manage these complexities while reducing risk. When functions are run internally, managers can be put in place to ensure consistency and quality control. For this…
How to Compute Various Overhead Cost Variances Formula
We will discuss how to report the balances in the variance accounts under the heading What To Do With Variance Amounts. For the past 52 years, Harold Averkamp (CPA, MBA)…
Fixed Asset Turnover FAT: Definition, Calculation & Importance
It also makes conceptual sense that there is a wider gap between the amount of sales and total assets compared to the amount of sales and a subset of assets.…
Comparing Retail and Cost Accounting Methods
Keep track of your stock, purchases and sales with our handy inventory spreadsheet. While retail accounting isn’t a separate discipline of accounting, the difference is that there’s a greater focus…
Calculate Total Period Cost
Period costs, on the other hand, are necessary to support your business and its daily operations. According to the same source, period costs have a direct effect on a company's…
Is Common Stock An Asset, Liability, or Equity? Answered Once And For All Finance Courses, Investing Courses
Poor earnings reports, high levels of debt, or mismanagement can adversely affect stock prices. As an investor, you must regularly analyze the fundamentals of the companies in which you hold…
Understanding the Basics of Real Estate Accounting: A Guide for Beginners
Advanced analytics offer insights into performance drivers and potential areas of concern. Regular reviews ensure that strategies remain aligned with market realities. Training sessions offer insights into the importance of…
The billing process
After all the necessary financial information about the sale has been collected and reviewed, it’s time to put the data together and create your invoice. If so, check out our…
In what order are liabilities listed in the chart of accounts?
To get a jumpstart on building your financial literacy, download our free Financial Terms Cheat Sheet. For the purpose of the example, we are only showing the current assets section.…
Association of Nonprofit Accountants and Finance Professionals Accounting & Bookkeeping
However, if your functional expenses become too large, donors might hesitate to give. Aside from these fundamental differences, there are several other characteristics worth mentioning. For-profits pay taxes based on…