Business owners know that inventory losses occur. Damage, spoilage, theft, obsolescence, defects and a number of other problems can crop up at any time. If you use cash accounting, you write down the ...

Unless you're first starting your business, you'll almost always start an accounting period with inventory that you purchased during a preceding period. And unless you're liquidating your company, you ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and ...

Home Depot, Inc. announced a key change in accounting principals in its third quarter filing with the SEC. After adopting a new enterprise resource planning system, otherwise known in the ...

Businesses can use the EOQ to figure out the ideal number of units they should order in order to keep costs low. Many, or all, of the products featured on this page are from our advertising partners ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.