Essays on Cost Accounting

Simple though it may sound, choosing a bank or credit union for your nonprofit is an important decision. Your financial institution plays a vital role in the day-to-day management of your organization, from managing the funds you receive from donors to paying employees and vendors....

Inventory is a major current asset for any organization since its associate with many different costs. Therefore managing inventory is essential which is why the concept of inventory management has evolved. There are different inventory control techniques deployed by organizations along with their inventory holding...

Client Our client is a mid-sized accountancy firm based in Dallas, Texas. The Client provides accounting, payroll and individual and corporate tax return preparation services to a diverse mix of small-medium businesses. The outsourcing project at our firm started with 5 end-clients and was extended...

Introduction Tide, Old Spice, Crest, Ivory, Swiffer. The chances are that most consumers in the United States and the rest of the Western world have heard of these brands, and associate them with specific types of products. Procter & Gamble is one of the leading...

Life can be so much simpler when we uncover a significant tip or learn a hidden trick. Whether we are scanning through Instagram, Reddit, Facebook, or Pinterest, shortcuts can be used in order to spend less and save more. Here are six methods to make...

There are 7 types of accounting which is government accounting, forensic accounting, cost accounting, auditing, tax accountant, financial accounting and management accounting. Government accounting or also known as public sector accounting, refers to the type of accounting information system used in the public sector. Government...

Accounting practices have been used for decades now since the first farmer has kept track of the number of sheeps or cows he has owned and the first merchants tracked inventory and kept records of their profits and losses. From these humble and smart beginnings,...

Essentially, managerial accounting is done to inform an internal audience while the financial accountant’s records are focused on the needs of an external audience with respect to the organization. Managerial accounting emerges as an operational tool compared to financial accounting that serves the primary purpose...