What is LIFO Method with Example? Why Companies Use LIFO?

Content FIFO vs LIFO Examples of FIFO and LIFO in Accounting Business FIFO—First-In, First-Out What’s Right for Your Business? The FIFO inventory valuation is generally the default method used. If you make no attempts to change your inventory valuation method, you must use FIFO to cost your inventory every year. The IRS obviously does not […]

Credit Risk Part 1

Contents: Take your career to the next level How IFRS 9 is different from Basel III? What are Credit Risk Analysis Models? It is commonly used by what is internal control in accounting to determine the terms and conditions of a loan, such as interest rate and loan amount. Scorecard models use a variety of […]

How to Calculate Cost of Goods Manufactured

Contents: Step 1: Determine the direct materials What is Cost of Goods Manufactured (COGM)? Additional Resources Components for Cost of Goods Manufactured: Furthermore, the company has $8,000 worth of raw materials in stock, waiting to be made into furniture. Within the quarter, the raw material inventory is replenished with $5,000 worth of stock altogether. At […]

Solutions For Your Small, Medium & Large Business

Content Power your business with Square. © 2023 Intuit Inc. All rights reserved Receipt Bank is now Dext QuickBooks Customer Service USA How do I get back into my online banking If I’m locked out? Protect your data and your devices, and train employees to avoid cyberattacks, all with one simple set of services. M&T […]

Intuit QuickBooks Unveils New Innovations that Support Accountants and Drive Business Success at QuickBooks Connect

Content Integration with Other Applications Accounting Services Year-End Monthly Guide Steps & Checklist Cost Intuit Unveils New Product Experiences and Celebrates 25 Years of the ProAdvisor Program at QuickBooks Connect 2022 As an alternative, your accountant can use the Send Journal Entries feature if they’re using an accountant’s version of QuickBooks. The twelve months accounting […]

RETAIL & CONSUMER Audit, Tax, Consulting, Armenia-Yerevan

Content Management Accountant – Private equity backed food manufacturer Assisted customer conversations Accounting Manager – Global FMCG Brands Capital Market Our insights Get Insight & Events updates straight to your email. Rajeev has over 20 years experience working with a varied portfolio of clients especially in the healthcare and consumer sectors. He is the national […]