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Cost Accounting - The field of accounting is typically divided into two areas, financial accounting and cost (or managerial) accounting. Whereas the purpose of financial accounting is to report the results and position of a business to external parties, cost accounting focuses on internal reporting for the purpose of improving managerial decision making. This means that cost accounting is forward looking, as opposed to the primarily backward-looking financial accounting. As a further distinction, cost accounts are not required… Read More...
Personal Finance
Financial Records - As you begin working with financial institutions to secure your money and process your financial transactions, it is important that you learn to keep good financial records. These records, both on paper and electronic, will… Read More...
Good Debt, Bad Debt - Beginners trying to tackle their personal finances for the first time see debt as sort of a “boogeyman”, a specter that looms overhead, trying to trap people into inescapable cycles of minimum payments and late… Read More...
Unemployment and Other Assistance Programs - Everyone needs to start from somewhere. While you build your personal finances from the ground up, you may already have faced times when you had low (or no) income, trying to get any advantage to… Read More...
All About Sales Tax - What Is Sales Tax? “Sales Tax” is a tax that is charged on goods sold to end customers. The Sales Tax is a set percentage of the price of the goods sold. In the United… Read More...