Accounting How To: Help for Accounting Students, Bookkeepers, and Business Owners

Declining Balance Depreciation is an accelerated cost recovery (expensing) of an asset that expenses higher amounts at the start of an assets life and declining amounts as the class life passes. The...

Generally Accepted Accounting Principles (GAAP) is a set of Assumptions, Principles, and Constraints put in place by the Financial Accounting Standards Board (FASB). The goal of GAAP is to provide...

Straight-line Depreciation is used to depreciate Fixed Assets in equal amounts over the life of the asset. The basic formula to calculate Straight-line Depreciation is: (Cost - Salvage Value) / Class...

For a merchandising business, one of the most important success factors is the management of inventory. Because the cost and tracking of inventory is so critical, decisions made about inventory can...

Every career has pros and cons, good points and bad points, highs and lows. If you are considering a career in accounting, here are some common ideas about an accounting career that often lead people...

An adjunct account is an account that adds to the value another account without impacting the balance in the main account. The combination of the balance in the main account and the balance in the...