A financial accountant’s duties may differ from those of a general accountant, who works for themself rather than directly for a company or an organization. Get all the latest tax, accounting, audit, and corporate finance news with Checkpoint Edge. Currently, the board has seven projects on its technical agenda, and has five current standards under…
Figure 10.61 shows the connection between the variable overhead rate variance and variable overhead efficiency variance to total variable overhead cost variance. Figure 8.5 shows the connection between the variable overhead rate variance and variable overhead efficiency variance to total variable overhead cost variance. The company can calculate fixed overhead volume variance with the formula of…
When dealing with clients, businesses should follow every customer’s request. Some foreign companies have to invest in infrastructure to get an operating business in India. Although some Indian BPOs can provide this service, they cannot cater to the market’s demand. The considerable workforce did not help outsourcing companies in India during quarantine. More people means…
Our bookkeepers know what it means to be efficient as they are very much experienced in handling the bookkeeping of franchise businesses. We understand the unique needs of franchises when it comes to bookkeeping. We act as an extension of your internal team by being a fully outsourced bookkeeping service. Let’s dive deeper into each…
He is also an instructor in our AIHR Academy Data Science in R course. John was kind enough to give feedback on this piece and added his view on calculating the employee turnover rate. This approach is predominantly championed by ANSI and can also be found on multiple places on the internet. It proposes that…
A deferral involves either the receipt of cash before revenue has been earned or payment of cash before an expense is incurred. For example, if $1,000 of supplies were purchased on February 1, the proper accounting entries are a $1,000 debit entry to the supplies account and a $1,000 credit entry to the cash account.…
In medical billing, data analytics can make a big impact on economic growth, create opportunities and improve the efficiency of doctors, healthcare providers, and insurance companies. But data analytics can only make a positive impact if it is analyzed and utilized properly. Without proper analysis, data analytics would simply not work properly or be a…