Accounting How To: How to Pass Accounting Class!

Accrued pension cost, also known as pension liability or pension obligation, refers to the amount of money a company owes to its employees or retirees for the pension benefits they have earned but...

Accumulated Other Comprehensive Income (AOCI) is a part of a company's overall value that includes unrealized gains and losses from certain financial items. These gains and losses are not yet...

Unrealized capital refers to the increase or decrease in the value of an investment that you haven't sold yet. It's like having a piece of paper that shows how much money you could make or lose if...

Net Realizable Value (NRV) is the estimated value of an asset or item after subtracting the costs needed to make it ready for sale. It is commonly used for valuing inventory or accounts...

A Factory Overhead Control Account, also known as Manufacturing Overhead Control Account or Factory Overhead Control Ledger, is an accounting record used to track and control the indirect...

A cost driver is a factor that causes or influences the incurrence of costs within an organization. It is an activity or event that leads to the consumption of resources and, therefore, the...