esponsibility Accounting & Performance Measurement Playlist http://bit.ly/2VGg0fF Links go points in the video: 0:21 Responsibility Accounting System http://bit.ly/2J3hCdg 9:29 Decentralization http://bit.ly/2vNFM2F 26:08 Performance Evaluation & Department Classifications http://bit.ly/2Wu63Ps 31:52 Controllable vs. Uncontrollable Costs http://bit.ly/3036By6 36:49 Direct & Indirect Expenses http://bit.ly/2H5yDRK 44:46 Indirect Expenses Allocation http://bit.ly/2YbfqDX 53:46 Allocation of Occupancy Costs http://bit.ly/2H5zl1m 1:09:21 Departmental Income Statement… Continue reading Responsibility Accounting
How to learn both: • How to enter data into financial accounting software and • How financial accounting works The best way to learn the two objectives above is not as apparent as it may seem at first glance. One problem is that financial accountings software is designed to be able to separate duties and… Continue reading Financial Accounting & QuickBooks
Process cost system will track the costs that go into the production of inventory. Those costs include direct materials, direct labor, and manufacturing overhead. Inventory will first be purchased with a debit to material asset and credit to accounts payable or cash. The materials will then flow through to finished goods. The materials will go… Continue reading Flow of Materials, Labor, & Overhead – Process Cost System
Can I track my personal accounting data using QuickBooks? Yes! Is there an easier software to use? No! Why does it seem more difficult to understand personal accounting then business accounting? Because the objective of a business is much clearer; the generation of revenue, while the objective of a life is much messier; the generation… Continue reading Personal Finances & QuickBooks
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Easy Data Entry – Quickbooks How to make data entry easier Discount Link https://bit.ly/2IoQNyY
What are Tax Refunds? Tax, Slightly Cynical, Talk Why do business owners have to pay payroll taxes? Note that the content is meant to be educational, only. Explanation: We often learn best with images and with a story, and a story needs memorable characters with strong characteristics. Thinking about tax law and the tax code… Continue reading What are Tax Refunds?
Financial Accounting 3 – Accounting Concepts Continued More Info: Financial Accounting # 1 Link – Accounting equation, debits & credits, adjusting entries, closing process, & inventory transactions. https://youtu.be/slbij2ovIf8 Financial Accounting #2 – Inventory Flow (FIFO, LIFO. . . ), Subsidiary Ledgers (AR AP), Cash & Bank Reconciliations, Allowance method (AR), Depreciation https://youtu.be/B8R7i_GhX-0 Links to points… Continue reading Financial Accounting 3 – Accounting Concepts Continued