Learn how the flow of costs impacts manufacturing firms, covering raw materials, work-in-process, finished goods, and cost of goods sold with practical examples and methods.

Discover how Dollar-Value LIFO works in inventory accounting, its advantages in inflationary times, and its impact on financial statements and tax savings.

Learn what cost basis is and why it matters when you report crypto gains. Know how to calculate it using FIFO or LIFO and avoid costly tax filing mistakes.

A significant proportion of firms have yet to implement new audit technologies and methods, citing poor training, lack of quality data, lack of systems access and lack of funds as the primary reasons.

Doug Wintemute is a staff writer for Forbes Advisor. After completing his master’s in English at York University, he began his writing career in the higher education space. Over the past decade, Doug ...

Learn how to report crypto gains correctly. Know how to calculate profits, distinguish gains from income, and file taxes for trading, staking, and NFTs.

You know the scenario: You have a bunch of unread emails . The more that come in, the more anxious you get—and the more you procrastinate on sorting through them. How do you decide which ones to reply ...

Managing your inbox is a never-ending task, which is why we should seek to simplify it as much as possible. When emails pile up, you start overthinking what you need to do—I know I do, anyway. But if ...

Paying off debts is one of the most important steps in improving your financial life. How you approach it, though, comes down to your personality. If you're someone who needs a quick win right off the ...