Types of Depreciation and Its Accounting Importance
Depreciation in accounting is a concept that allocates the total cost of the physical asset over its estimated useful life. Depreciation decreases the value of the equipment due to its wear and tear during its useful life. There are two aspects to the concept. The first involves the actual decrease in the fair value of […]
Can Good Management Accounting Practices Make Your Business More Successful?
Getting a better understanding of what management accounting is, and identifying its stakeholders, can lead to some significant benefits for small and medium-sized enterprises. Accounting for management is a process of recording, categorizing, and reporting information to help manage a company. The primary purpose of accounting for management is to assist with decision-making and control […]
Capital Expenditure – All You Want to know about CAPEX
Capital expenditure (CAPEX) is money spent to acquire fixed assets. These assets can include land, buildings, equipment, and vehicles. The expense should be accounted for in the balance sheet. Learn more about the accounting methods for CAPEX and how they impact your company. There are many different types of Capital expenditure and each type is […]