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Posts by Caroline Grimm

link to What is Accrual Basis Accounting for Nonprofits?

What is Accrual Basis Accounting for Nonprofits?

Accrual basis of accounting for nonprofits is a method of accounting in which revenues and expenses are recognized when they are earned or incurred, regardless of when cash is received or paid out....

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link to What is a Sales Budget?

What is a Sales Budget?

A sales budget is an essential tool for businesses that plan to grow and expand their operations. It is a detailed plan that outlines the company's expected sales revenue for a specific period,...

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link to What is a Mixed Cost?

What is a Mixed Cost?

Mixed costs, also known as semi-variable costs, are expenses that have both fixed and variable components. The fixed component of a mixed cost remains constant over a certain period, regardless of...

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What are the Two Basic Types of Costing Systems?

Costing systems are an essential part of accounting that help businesses calculate the total cost of their products or services. The two basic types of costing systems are job order costing and...

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link to Measuring Elements on the Balance Sheet: What Cost to Use?

Measuring Elements on the Balance Sheet: What Cost to Use?

Depending on a variety of accounting treatments, several different methods can be used for measuring elements on the balance sheet. These methods are used to determine the value of assets,...

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link to The Demand for Accounting Information: Meeting the Needs of Investors and Creditors

The Demand for Accounting Information: Meeting the Needs of Investors and Creditors

As you begin your studies in intermediate accounting, one of the key concepts you'll learn about is the demand for accounting information. Here, we'll take a closer look at how companies meet the...

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About the Author

Caroline Grimm is an accounting educator and a small business enthusiast. She holds Masters and Bachelor degrees in Business Administration. She is the author of 13 books and the creator of Accounting How To YouTube channel and blog. For more information visit: https://accountinghowto.com/about/

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