An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

Accounting is the compilation of financial information for various purposes, such as managing a corporate budget, making informed decisions with regard to business operations and predicting future ...

Accountants can use any one of three methods for calculating inventory value and cost to keep a business in compliance with accepted accounting standards. Each method can present different problems ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...

Most businesses carry long-term and short-term debt, both of which are recorded as liabilities on a company's balance sheet. Business debt is typically categorized as operating versus financing.

Discover what inventory means, its essential types like raw materials and finished goods, and strategies for effective inventory management to enhance your business’s efficiency.

Financial accounting is the process of recording and reporting your business’s income, expenses, assets and liabilities, often with the help of software. This information gives managers, owners and ...

The International Federation of Accountants has released a set of principles with the goal of widening access to the ...

More than $118 billion in gift cards changed hands during 2013, according to CEB TowerGroup. This is great news for the many retailers that sell gift cards; the retailers receive cash upfront in ...

This is a preview. Log in through your library . Abstract When deciding upon the price to charge for one of their products, the managers of the Soho Foundry in Birmingham placed great reliance upon ...