Refers to the total direct and indirect cost of producing or procuring goods. The company’s inventory at the beginning and end of the calendar year was […]

A certified public accountant (CPA) is a type of professional accountant with more training and experience than a typical accountant. Aspiring CPAs are expected to have […]

However, after establishing market dominance, a business may begin to raise prices when weak competitors can no longer undermine its higher-pricing efforts. Investors should consider calculating […]

In fact, accountants are one of the best resources accounting software vendors have. You promote the product to your clients, you provide feedback on features and […]

Although an increase matches the reduction in one account in the others, there is no direct link between Accounts Receivable and Deferred Revenue. Key Performance Indicators […]

At the end of the accounting period, the balance is transferred to the retained earnings account, and the account is closed with a zero balance. Closing […]

The IRS estimates that it takes 16 hours (including the time it takes to gather the necessary documents) to complete the Form 1040, the individual return […]

In fact, accountants are one of the best resources accounting software vendors have. You promote the product to your clients, you provide feedback on features and […]

A journal entry is used to record a business transaction in the accounting records of a business. These entries are essential for the proper recordation of […]