finance Archives - Economic Grapevine https://economicgrapevine.com/tag/finance/ The hub of Technology & Finance Fri, 24 Mar 2023 18:14:19 +0000 en-US hourly 1 https://economicgrapevine.com/wp-content/uploads/2020/12/cropped-cropped-Economic-Grapevine-Logo-new.png finance Archives - Economic Grapevine https://economicgrapevine.com/tag/finance/ 32 32 What Is Deposit In Transit & How to Account For It? https://economicgrapevine.com/what-is-deposit-in-transit-how-to-account-for-it/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-deposit-in-transit-how-to-account-for-it https://economicgrapevine.com/what-is-deposit-in-transit-how-to-account-for-it/#respond Fri, 24 Mar 2023 18:14:18 +0000 https://economicgrapevine.com/?p=5508 What Is Deposit In Transit? A Deposit In Transit refers to a situation where a company’s cash deposit has been made at the bank, but the transaction has not yet…

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]]> https://economicgrapevine.com/what-is-deposit-in-transit-how-to-account-for-it/feed/ 0 What Is Direct Labor Rate Variance & How To Calculate It? https://economicgrapevine.com/what-is-direct-labor-rate-variance-how-to-calculate-it/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-direct-labor-rate-variance-how-to-calculate-it https://economicgrapevine.com/what-is-direct-labor-rate-variance-how-to-calculate-it/#respond Sun, 26 Feb 2023 08:22:20 +0000 https://economicgrapevine.com/?p=5427 Definition Labor rate variance measures the difference between the actual hourly rate paid to employees and the standard hourly rate that an organization had planned to pay them. The standard…

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]]> https://economicgrapevine.com/what-is-direct-labor-rate-variance-how-to-calculate-it/feed/ 0 What Does Faithful Representation In Accounting Mean? https://economicgrapevine.com/faithful-representation-accounting/?utm_source=rss&utm_medium=rss&utm_campaign=faithful-representation-accounting https://economicgrapevine.com/faithful-representation-accounting/#respond Thu, 23 Feb 2023 06:20:48 +0000 https://economicgrapevine.com/?p=5420 Faithful representation in accounting refers to the practice of presenting financial information in a manner that is accurate, complete, and unbiased. It ensures that the financial statements provide a clear…

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]]> https://economicgrapevine.com/faithful-representation-accounting/feed/ 0 CFA OR ACCA: Which One Should You Pursue? https://economicgrapevine.com/cfa-or-acca-which-one-should-you-pursue/?utm_source=rss&utm_medium=rss&utm_campaign=cfa-or-acca-which-one-should-you-pursue https://economicgrapevine.com/cfa-or-acca-which-one-should-you-pursue/#respond Mon, 20 Feb 2023 06:43:35 +0000 https://economicgrapevine.com/?p=5369 When it comes to pursuing a career in finance, it’s no secret that obtaining a professional certification can make all the difference. The finance industry is known for two main…

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]]> https://economicgrapevine.com/cfa-or-acca-which-one-should-you-pursue/feed/ 0 Understanding the Difference between Fixed and Step Fixed Costs https://economicgrapevine.com/understanding-the-difference-between-fixed-and-step-fixed-costs/?utm_source=rss&utm_medium=rss&utm_campaign=understanding-the-difference-between-fixed-and-step-fixed-costs https://economicgrapevine.com/understanding-the-difference-between-fixed-and-step-fixed-costs/#respond Thu, 02 Feb 2023 06:22:14 +0000 https://economicgrapevine.com/?p=5297 Fixed costs and step-fixed costs are two important concepts in accounting and financial management. While both refer to expenses that do not vary with production or sales, there are important…

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]]> https://economicgrapevine.com/understanding-the-difference-between-fixed-and-step-fixed-costs/feed/ 0 Recoverable Amount of an Asset https://economicgrapevine.com/recoverable-amount-of-an-asset/?utm_source=rss&utm_medium=rss&utm_campaign=recoverable-amount-of-an-asset Mon, 29 Mar 2021 16:28:12 +0000 https://whataccounting.com/?p=3514 Recoverable Amount Recoverable Amount can be defined as the higher of an asset’s value in use and fair value less costs of disposal. The Value in use refers to the…

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]]> Introduction to Computer-Assisted Audit Techniques (CAATs) https://economicgrapevine.com/introduction-to-computer-assisted-audit-techniques-caats/?utm_source=rss&utm_medium=rss&utm_campaign=introduction-to-computer-assisted-audit-techniques-caats https://economicgrapevine.com/introduction-to-computer-assisted-audit-techniques-caats/#respond Sun, 29 Jan 2023 22:47:34 +0000 https://economicgrapevine.com/?p=5255 What Is CAAT? Computer Assisted Audit Techniques (CAAT) is an innovative and increasingly popular method used by auditors to enhance the effectiveness and efficiency of their audit work. CAATs involve…

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]]> https://economicgrapevine.com/introduction-to-computer-assisted-audit-techniques-caats/feed/ 0 What Does Cut-Off In Accounting Mean? https://economicgrapevine.com/what-does-cut-off-in-accounting-mean/?utm_source=rss&utm_medium=rss&utm_campaign=what-does-cut-off-in-accounting-mean https://economicgrapevine.com/what-does-cut-off-in-accounting-mean/#respond Sun, 29 Jan 2023 04:12:33 +0000 https://economicgrapevine.com/?p=5250 What Is Cut-Off In Accounting? Cut-off in accounting refers to the process of determining the specific point in time at which transactions and events are recorded in the financial statements.…

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]]> https://economicgrapevine.com/what-does-cut-off-in-accounting-mean/feed/ 0 The 4 Types of Financial Statements | Explained https://economicgrapevine.com/the-4-types-of-financial-statements-explained/?utm_source=rss&utm_medium=rss&utm_campaign=the-4-types-of-financial-statements-explained https://economicgrapevine.com/the-4-types-of-financial-statements-explained/#respond Sun, 29 Jan 2023 01:08:35 +0000 https://economicgrapevine.com/?p=2259 Financial Statements are written records that represent the activities of a business for a period. They contain information regarding income, expenses, equity, cash flow, assets, and liabilities. Financial statements are…

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]]> https://economicgrapevine.com/the-4-types-of-financial-statements-explained/feed/ 0 Understanding the Balance Sheet: A Guide for Small Business Owners https://economicgrapevine.com/balance-sheet-for-small-businesses/?utm_source=rss&utm_medium=rss&utm_campaign=balance-sheet-for-small-businesses https://economicgrapevine.com/balance-sheet-for-small-businesses/#respond Mon, 25 Apr 2022 04:56:53 +0000 https://economicgrapevine.com/?p=4479 What is a Balance Sheet? As a small business owner, understanding the balance sheet is critical to the financial health and success of your company. A balance sheet, also known…

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