Bookkeeping

May 27, 2021

What Is Materiality in Accounting?

By disclosing these expenses separately, investors and creditors can better understand the company’s financial health and make informed investment decisions. By considering materiality and other key […]
May 24, 2021

Variance Analysis Learn How to Calculate and Analyze Variances

For example, there is the labor rate variance for labor costs, the purchase price variance for materials, the variable overhead spending variance for variable overhead, and […]
May 21, 2021

Franchisors Revenue from Contracts with Customers Subtopic 952-606

The estimated total initial investment ranges from $67,645 to $179,000. Franchisors must keep a close eye on their operational expenses, such as marketing costs, support staff […]
May 7, 2021

Ending Accounts Receivable Formula

The bad debt expense for the accounting period is recorded with the following percentage of accounts receivable method journal entry. By its nature, using A/R delays […]