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Welcome to our blog! Here, you can find the useful articles related to accounting, audit, finance and tax.

What Is the Double Declining Balance Method?

Fixed assets include resources that companies use to generate economic benefits in the long run. Usually, these consist of property, plant, and equipment. For example, a company’s fixed assets may contain land, building, vehicles, computers, etc. These assets fall...

“Deposit” Vs. “Down Payment” Vs. “Advance (Payment)”

For most contracts, companies pay after the goods or services get delivered. Usually, this process involves the company entering an agreement with the supplier. This agreement will mention the details of the transaction. Once the supplier satisfies their obligations,...

What is Administrative Services Only (ASO)?

Companies may provide their employees with a retirement plan. Usually, there are two options from which they can choose. These include the defined-benefit plans and defined-contribution plans. Both of these have their advantages and disadvantages. In essence, both...

What is Advance Payment of Premium Tax Credit (APTC)?

Insurance has become a highly crucial subject among many people. More specifically, health insurance has gained a lot of attention over the years. The Health Insurance Marketplace is a platform that offers insurance plans to entities. These entities may include...

What Are Adjusted Funds From Operations?

Investors put their resources into various investments to generate a return. They can choose from several types of these investments, which can lead to different results. For example, they can select between investing in stocks, bonds, commodities, etc. However,...

What Are the Benefits of Activity-based Budgeting?

Budgeting allows companies to estimate their revenues and expenses for a specific period in the future. It provides them with a standard or benchmark against which they can measure their actual output. In most cases, budgets are crucial in keeping companies on track...

What is Add-On Interest, And How Does It Work?

Companies obtain finance from several sources, including equity and debt finance. Equity finance is usually straightforward and comes from shareholders. On this finance, companies may incur costs, such as dividends. However, those costs may be subject to a company...

What is Acquisition Cost in accounting?

The primary goal for most companies is to expand their operations. One of the most reliable ways to do so is to grow operations organically. With this option, companies enter a market through their operations and work their way up the ranks. This way, they can gain...

How to Calculate Activity Ratios?

Accounting ratios compare the relative magnitude of a financial figure to another. These ratios help stakeholders understand a company’s operations better. In most circumstances, accounting ratios require metrics from financial statements. However, these metrics may...