Limited Liability Partnership LLP: Meaning and Features

Liabilities in accounting are crucial for understanding a company’s financial position. They represent obligations or [...]

How to Determine Risk Scores: Internal and External Risks

Since external risks cannot be foreseen with accuracy, it is difficult for a company to [...]

Fund Accounting 101: The Basics and Best Practices

A fund is a project or purpose within an organization that needs to be tracked [...]

Adjusting Journal Entries in Accrual Accounting Types

Similarly, under the realization concept, all expenses incurred during the current year are recognized as [...]

Equity accounting: how does it measure up?

This includes the investee’s consolidated subsidiaries and other investments accounted for using the equity method [...]

Accounting in and for US Governments and Non-profit Organizations: a Review of Research and a Call to Further Inquiry

This feature is particularly beneficial for organizations where financial management involves multiple stakeholders who need [...]

How to Calculate Cost of Goods Sold Bench Accounting

The goods may prove to be defective or below normal quality standards (subnormal). The market [...]

Contribution Margin Ratio CM Formula + Calculator

In China, completely unmanned grocery stores have been created that use facial recognition for accessing [...]

The Best Accounting and Bookkeeping Software for Churches

Establish financial goals for the year, such as saving for future projects or paying down [...]