Cost Variance CV Formula: CV PMP Exam Guide

It entails finding the difference between the earned value and the actual cost of a single project phase or time period — without taking into account previous or future variances. A big part of project cost control is figuring out how much the actual cost deviated...

Cost of an Accountant CostHelper

Sometimes, hiring an accountant might not be the best decision for your business yet, but you still have to take care of accounting. Comparing costs and benefits may not be as straightforward as you think. You can create different scenarios, such as hiring someone to...

Is insurance expense an asset or liability?

Real estate and mortgages make up a small fraction of a property/casualty company’s assets because they are relatively illiquid. Life insurance companies, whose liabilities are longer term commitments, have a greater portion of their investments in residential and...

Sales Discount in Accounting

Hence, its debit balance will be one of the deductions from sales (gross sales) in order to report the amount of net sales. This means that the revenue that the business earned is reduced by a certain percentage. The disadvantage are you maximizing the cash impact of...