Accounting Standards: Overview, Benefits & Codification
As business owners, it’s almost impossible to avoid the process of accounting considering its importance. The only escape…
Financial Accounting Standards Board (FASB): Codification, History & Functions
What is the Financial Accounting Standards Board (FASB)? The Financial Accounting Standards Board (FASB) is an independent body…
GAAP: Overview, Importance, History, Limitations
What Exactly is GAAP? GAAP, or Generally Accepted Accounting Principles, is a system of rules and procedures used…
Automating Accounts Payable Process: What You Should Know Before Automation
What does automating the accounts payable process really mean? Why is the automation of the accounts payable process…
Prescriptive Analytics Tools & Techniques: 9+ Best 2023 Options
Prescriptive analytics is the last step in the analytics process for enterprises. The concept of business optimization lies…
MARKUP CALCULATOR: How to Calculate Markup Price and Formula
Fixing your markup too low or too high might be detrimental to your business. As a business owner,…
Lease Accounting: Classification & Guide to the New Accounting Standards
Lease accounting is a critical accounting element since it varies depending on the end-user. Lessees and lessors report…
Why Does Accounting Matter so Much in a Business?
In 1494 an Italian called Luca Pacioli first introduced the system of double-entry bookkeeping. Through this, the foundation…
Price To Earnings Ratio (P/E Ratio) Formula & Usage
The price-to-earnings ratio (P/E) is a popular statistic that investors and analysts use to determine company pricing. The…
Transfer Pricing: Definition, Guidelines & Importance
If you were wondering what transfer pricing system is all about please take your time to read this…