Accounting

Activity-based depreciation method is a way of calculating the depreciation expense of an asset by taking into account different factors associated with that asset. This method considers the asset’s cost, […]

Information technology controls are typically categorized as general controls or application controls. General controls are common to all applications, while application controls are specific to individual systems. Both types of

If you’re a business owner, it’s essential to have a basic understanding of accounting principles. This includes knowing what a true-up adjustment is. A true-up adjustment is an adjustment made

Controllable cost is a term that is used in business to refer to those costs that can be controlled by management. This includes both direct and indirect costs. Direct costs

In a previous post, we discussed break-even analysis and how it can be used to determine the minimum number of units that must be sold to cover all costs. In

Blog Introduction: If you’re new to accounting, recording a cash short journal entry may seem intimidating at first. But understanding how to record this type of journal entry is essential

If you’re a business owner, it’s essential to understand the difference between the net method and gross method of accounting for purchase discounts. Depending on your business activities, one may

If you’re in the field of cost accounting or are looking to get into it, you know that it is important to stay up-to-date on the latest books. In this

If you are a business owner, it is important to understand how to record common stock issued in your journal entries. This will help ensure that your company’s financials are