what is Average cost method

what is Average cost method

what is Average cost method Average costing is the application of the average cost of a group of assets to each asset within that group. For example, if there are three widgets...
How to account for leasehold improvements

How to account for leasehold improvements

How to account for leasehold improvements Leasehold improvements are defined as the enhancements paid for by a tenant to leased space. Examples of leasehold improvements are:Interior walls and ceilings Electrical and...
Fixed Asset turnover ratio

What is Fixed Asset turnover ratio [Explained]

What is Fixed asset turnover ratio The fixed asset turnover ratio compares net sales to net fixed assets. It is used to evaluate the operating performance of a business. A high ratio indicates...
What is CPA Accounting

What is CPA Accounting | Career Guide

What is CPA Accounting The United States Bureau of Labor and Statistics, which is charged with monitoring all major professions and industries in the United States, predicts a rather stable future for...
Cash flows from financing activities

Cash flows from financing activities

Cash flows from financing activities Cash flows from financing activities is a line item in the statement of cash flows. This statement is one of the documents comprising a company's financial statements....
What is Accounts Payable

What is Accounts Payable

Accounts payable is the aggregate amount of an entity's short-term obligations to pay suppliers for products and services which the entity purchased on credit. If accounts payable are not paid within...

Periodic inventory system

Periodic Inventory System Overview The periodic inventory system only updates the ending inventory balance in the general ledger when you conduct a physical inventory count. Since physical inventory counts are time-consuming, few...