In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

Proper job costing includes all costs associated with a job They include materials, labor, permits, subcontractors, equipment rentals and overhead costs applied to the job How do we allocate the ...

In the first installment of this series we discussed the importance of having at least a basic understanding of accounting and financial concepts to properly operating a plumbing-heating-cooling (phc) ...

How Is a Material Cash Overdraft Reported in a Balance Sheet?. If a business isn't keeping a close watch on outstanding checks, it could experience a material bank overdraft. A bank overdraft... Basic ...

Basic accounting principles form guidelines that govern the preparation of financial reports. These guidelines provide a comprehensive framework for classifying, recording, presenting and interpreting ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. The cost principle is an important part of financial ...

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for transparency and informed decision-making.

Federal regulations require that similar costs be treated consistently as either direct costs or indirect costs, in like circumstances. This regulation imposes a requirement on the University to ...

Accounting is vital to a business’s financial hygiene; here’s everything entrepreneurs need to know about it. Many, or all, of the products featured on this page are from our advertising partners who ...

Accounting is the process of keeping track of all financial transactions within a business, such as any money coming in and money going out. It’s not only important for businesses in terms of record ...