Every business has a mission and specific goals. Without proper budgeting, meeting those objectives would be impossible. As a business owner, you want to increase your return on investment, so that ...

Management accounting techniques break costs into two major cost classifications, product costs, which relate to manufacturing, and period costs, which are all non-manufacturing costs. Product costs ...

Learn how to use the High-Low Method to separate fixed and variable costs efficiently. Discover its applications, limitations, and how to calculate costs.

Learn how the lower of cost or market (LCM) method helps value inventory accurately by using the lesser of historical cost or market value, key for GAAP compliance.

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...

A new accounting standard issued Thursday amends accounting rules for recognition of U.S. federal agencies’ inter-entity costs. The Federal Accounting Standards Advisory Board (FASAB) issued Statement ...

If the project is awarded and the cost share accepted by the sponsor, one or more grant cost share worktags will be created by Sponsored Projects to account for cost shared expenses that can be ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

A survey of Association of Chartered Certified Accountants members found that 94% lacked confidence in the economy.

A new accounting standard amends accounting rules for recognition of U.S. federal agencies’ inter-entity costs. The Federal Accounting Standards Advisory Board (FASAB) issued Statement of Federal ...