Expert insights and detailed technical documentation about Health Insights.
The Law on Disclosing a Criminal History If you are applying for positions in the legal, accounting or professional educational sector, applicants should ...
The transfer process itself can take the form of a contract for transfer/purchase of business assets. In the case of money transfers, these can be done as...
“Contribution margin shows you the aggregate amount of revenue available after variable costs to cover fixed expenses and provide profit to the company,” ...
The materials price variance is usually the responsibility of the purchasing manager. The materials quantity and labor efficiency variances are usually th...
Preparation of Income and Expenditure Account Include all items of revenue receipts and expenses, on the respective side of the account. Ensure that no it...
Perpetual inventory is a continuous accounting practice that records inventory changes in real-time, without the need for physical inventory, so the book ...
Accrual accounting means revenue and expenses are recognized and recorded when they occur, while cash basis accounting means these line items aren’t docum...
The formula for calculating net income is: Revenue – Cost of Goods Sold – Expenses = Net Income. Gross Income – Expenses = Net Income. Total Revenues – To...
Predetermined rates make it possible for companies to estimate job costs sooner. Using a predetermined rate, companies can assign overhead costs to produc...
An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and co...
Taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to r...
The following are the steps to prepare a balance sheet: Posting of accounting records from journal books to individual ledge accounts. Preparing ledger ac...
