Accounting

Every business needs a system in place to manage its inventory. One of the most popular methods for inventory management is the Last-In-First-Out (LIFO) method. This method allows businesses to

Blog Introduction: s a business owner or manager, you’re likely familiar with inventory management. But what is the First-In-First-Out (FIFO) method? This article will explain what FIFO is and why

The weighted average method is a way of calculating an average of values in which each value has a different weight or importance. This method is often used in financial

Keeping track of inventory costs can be a challenge for any business. To make sure you are staying on top of your inventory and maximizing profits, it’s important to understand

In business, cannibalization is when one product or service takes sales away from another product or service within the same company. While it may seem counterintuitive, cannibalization can be good

The periodicity assumption is an accounting principle that states that a company’s economic activities can be divided into distinct periods. It is one of the basic assumptions upon which financial

In accounting, there is a difference between purchase returns and allowances. Returns are when the buyer sends back goods they bought from the seller, while allowances are reductions in the

Blog Introduction: When it comes to accounting, the journal entry for sales returns and allowances is one of the most important entries a business must make. This entry details how

Understanding how to calculate the cost of common stock equity is an important part of financial literacy. Knowing this calculation helps investors better understand the cost of capital and make