By definition, employees are not assets since companies do not have control over them. Workers must convert raw materials – be they commodities or blank c...

Managerial accounting not only helps to determine and design control measures, it also assists by providing performance reports and control reports that f...

LCC or the least cost cell method is one of the method in obtaining the most cost efficient or the least cost method of transportation, the allocation beg...

Fair value is the sale price agreed upon by a willing buyer and seller. The fair value of a stock is determined by the market where the stock is traded. F...

What are Dividends Payable? Dividends payable are dividends that a company’s board of directors has declared to be payable to its shareholders. Until such...

Realisation Account is a nominal account which is prepared at the time of dissolution of firm. It is prepared to find out the profit or loss realized by t...

Expenses: Expenses are the costs that the company has to pay in order to generate revenue. Some examples of common expenses are equipment depreciation, em...

Your Portfolio Cash may be less than you anticipated, or even negative, because: If you’ve incurred a fee on your account (e.g. your monthly subscription ...

No, premises are not a current asset. A current asset is any asset that will provide an economic value for or within one year. Premises, or the property w...

The indirect effect of a change in accounting principle reflects any changes in current or future cash flows resulting from a change in accounting princip...