Discover how HIFO inventory accounting contrasts with LIFO and FIFO methods, and why it impacts COGS and taxable income, despite not being recognized by GAAP.

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.

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 ...

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.

Complete trading accounts, stock valuations, and GST reconciliations are essential to avoid delays and payment reductions in stock loss insurance ...

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails WH Smith is set to shed light on the state of its ...

Katherine Haan, MBA, is a Senior Staff Writer for Forbes Advisor and a former financial advisor turned international bestselling author and business coach. For more than a decade, she’s helped small ...

Tax season can bring up a lot of stress. That's where humor comes in! These hilarious accounting jokes will really do a number on you. Accounting is something we rarely associate with humor. After all ...

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 ...

So many productivity methods ask you to prioritize your daily tasks by considering how much time or effort they'll require, then tackling the resource-heavy ones first. For some people, that's a solid ...

A lawyer with 500,000 YouTube subscribers criticized Park Na-rae, who is embroiled in controversies over alleged manager bullying and illegal medical procedures, stating, “There is no sense of the ...