Latest News - Accounting

Job Order and Process Costing Hello Erin Johnson, This is an excellent post, Eric Johnson. Both job order and process costing are elements of managerial accounting. As you have explained in the...

IRR and NPV Responding to Diandra M. Hello Diandra, I enjoyed reading your post on IRR and NPV. I want to add some information regarding the pros and cons. The NPV provides the investment’s...

Financial Ratio Indeed, I have witnessed that managerial accounting can be complex, especially from the experience I have gone through while calculating the financial ratio. In the calculations,...

Financial Ratios Financial ratios are divided into multiple categories. Each category addresses different aspects of the business. Firstly, a company can assess its ability to generate profits with...

Job-order Costing and Process Costing Systems Job-order costing refers to a system in accounting that directly traces individual costs to a final job or service rather than the production...

Forms of Business Organization A business organization can take various forms to conduct its day-to-day operations. The two major forms of business organizations include sole proprietorship and...