Inventory Audit Method
Jennifer edwards
Inventory audit methods are common in those businesses or firms where inventory is treated as a form of asset and an annual auditing of inventory is done every year. The…
Accounting Definitions
Above the Line Deduction
The above the line deduction is a kind of tax deduction that reduce the adjusted gross income of an individual or a business entity. Example of Above the Line Deduction…
Ability to Pay Taxation
Ability to pay taxation is a kind of tax that is often assessed on the ability to pay the tax of the tax payer. Example of Ability to Pay Taxation…
Abatement
Abatement can be defined as a reduction in the tax rate or tax liability that is applied to an individual or a business entity. Example of Abatement The major and…
Accounting of Dollar Value LIFO Method
The dollar value of LIFO method is an inventory method that is a minor variation of the Last In and First Out method of inventory costing. With the help of…
Concept of Stake Holder Value
Stake Holder value is an accounting concept that is based on the idea of creating maximum returns for all the stake holders involved in a business. Concept of Stake Holder…
Calculation of Bond Yield
Bond Yield can be defined as the amount of the return that an investor or a bond holder is going to enjoy on its bonds. Types of Bond Yields There…
Average Accounts Payable
Accounts payable is one of the most important financial figure in a firm’s accounting and is used to calculate a number of other financial figures such as current ratio, working…
Financial Gearing
Financial Gearing can be defined as a financial figure that is actually a relative proportion of debt and equity that is used by the business for performing its operations. If…
Importance of Overhead Ratio
Overhead ratio is the ratio that is directly related to the operating expense of the business. Operating expenses are the expenses that occur during the day to day routine of…
How to Calculate Activity Based Costing
Activity based costing is a costing technique that is based on the cost calculations of all the activities that happen while running a business operation. The activity based costing use…
What is a Financial Leverage?
Financial leverage is the type of debt that a business entity or a firm utilizes to purchase more assets in order to run business operations. A business entity utilizes financial…
Consumer Price Index
The consumer price index is an index that measures the changes in the consumer price of the products. The consumer price index is calculated and published every month by Bureau…
Consumer Staples
Consumer staples can be defined as the household necessities or the common goods that are used in the house on regular basis. These products are used in the house on…
International Monetary Fund (IMF)
The international monetary fund is an international institute that controls and embodies the flow and regulation of monetary system around the world. The major objective of IMF is to ensure…
Consumer Confidence Index
The consumer confidence index is an index that is used to measure the consumer sentiments and satisfaction regarding current or future economic conditions of a country or a city. This…
Consumer Cyclical
Consumer Cyclical is a term that referred to the stocks or the group of stocks that are affected in a positive or negative manner due to the change in the…
Consumer Durables
Consumer durables are the goods that are designed to last long and consumer don’t have to purchase them frequently due to their durability and resilience. Consumer durables are the goods…