Category: Bookkeeping

By reading this blog, you will get an understanding of What is Management Accounting, its techniques and its importance in a company’s performance and growth. In management accounting or managerial accounting, managers use accounting information in decision-making and to assist in the management and performance of their control functions. Financial accounting is the process of…

Double declining balance depreciation is a method of depreciating large business assets quickly. If a company routinely recognizes gains on sales of assets, especially if those have a material impact on total net income, the financial reports should be investigated more thoroughly. Management that routinely keeps book value consistently lower than market value might also…

However, this exact formation may not be the same as say a high-level manufacturer. Additionally, all classifications can contain individualized assets or liabilities based on industry norms and unique operating factors. The goal is to help you visualize and control all of the finances in your business, not restrict how you group and measure them.…