admin

Interchangeable parts may be ordered from different suppliers, further complicating the tracking of assemblies and subassemblies. Different materials may have different units of measure – meters of sheet metal, numbers of printed circuit boards, kilograms of paint, etc.. The cherry on top of this inventory… Read More »Does Inventory Go On The Income Statement?

Knowing when is the right time to outsource a CFO is different for each firm. Suppose you are finding yourself asking your bookkeeper or accountant questions that they can’t answer or you are having a hard time understanding the advice of your tax preparer. In… Read More »Accounting for Advertising Agencies Revenue Recognition

A current asset representing the cost of supplies on hand at a point in time. The account is usually listed on the balance sheet after the Inventory account. Things that are resources owned by a company and which have future economic value that can be… Read More »T Accounts Examples in Accounting