Author: Anfisa Dmitrieva

The employee records an in-transit increase in one bank account in Year 1, but records the decrease in the other account in Year 2. This fraud is most convenient and prevalent at period end, especially when there are often several legitimate items of…

According to the first page of Google results about ‘texting K’, society views receiving this message as akin to a one-letter insult. It’s seen as something that we send when we’re mad, frustrated, or otherwise want to put an end to a conversation….

JIT also speeds the production process, thereby eliminating long lead times and improving delivery performance. Using a Just-in-Time inventory system reduces the amount of material on hand in the production facility. Companies can reduce the cost to …

There is no upper limit to the number of accounts involved in a transaction but the minimum cannot be less than two accounts. As per Double Entry System of Book Keeping, every transaction affects two sides, i.e. debit and credit….

If the entity incurs any costs after the split-off point, the costs are likely associated with a specific product, and so can be more readily assigned to them. All the joint products are priced equally when it comes to their economic value. They also…

That price is paid after all production costs, whether they are joint costs or separable costs incurred after splitoff. Joint products are multiple products generated by a single production process at the same time. These products incur undifferentia…

It makes fewer assumptions than other costing methods. Manufacturing companies incorporate job order costing as a means of controlling usage of raw materials, production equipment and labor hours. These businesses consider each customer order a separ…

It can help to get an estimate from each of these contractors. Job costing involves the detailed accumulation of production costs attributable to specific units or groups of units. For example, the construction of a custom-designed piece of furniture…

Biologically, gene control factors represent compelling therapeutic targets for these cancers, as they are master regulators of cell identity. Yet despite this clear rationale, most are perceived as intractable drug targets owing to their large size,…

Along with owner’s equity, liabilities can be thought of as a source of the company’s assets. They can also be thought of as a claim against a company’s assets. For example, a company’s balance sheet reports assets of $100,000 and Accounts Payable of…