Saurabh

Ayushi Somani, Saurabh

Inventory

What is Inventory Shrinkage and 7 Ways to Reduce It

Running an inventory centric business is a hefty job.  Managing inventory shrinkage is important to reduce inventory costs and improve…

8 min read Jun 14, 2021

Accounting

Straight Line Depreciation: Definition, Formula, Examples & Journal Entries

All businesses require some sort of machinery or equipment or any other physical asset that helps them to generate revenue.…

10 min read Jun 8, 2021

Accounting

What is Amortization: Definition, Formula, Examples

Amortization could apply in two situations: while taking a loan or in a business where intangible assets are concerned. If…

11 min read Jun 8, 2021

Accounting

Understanding Intangible Assets - Non-Physical Assets with Considerable Value

An element or resource that is not physical but assigns a considerable value to a company is called an intangible…

10 min read Jun 2, 2021

Inventory

What is LIFO Method in Inventory Valuation

Accounting for inventory encompasses a host of methods that are applied by companies for financial reporting. LIFO or the Last…

5 min read Jun 1, 2021

Academy

Supply and Demand: Law, Curves, and Examples

Organizations spend a significant amount of money to determine the level of public demand for their products and services. There…

10 min read May 31, 2021

Academy

Managerial Accounting. All You Need to Know

Managerial accounting goes beyond operational accounting and is the application of financial reporting, assumptions, frameworks, and methodologies to complement the…

10 min read May 31, 2021

Academy

What is Price Elasticity?

Thinking about changing the price of your products but not sure how your consumers will respond to it? Not sure…

8 min read May 31, 2021

Academy

Management Accounting - A Complete Guide

Management accounting is to accounting what a Michelin star dinner is to street food. It is like taking all the…

14 min read May 24, 2021

Academy

What Is FIFO in Inventory? Definition and Examples

The way inventory is valued depends on how the stock is tracked over time by the company. Valuation is a…

6 min read May 24, 2021

Accounting

What is Deferral in Accounting? A Complete Guide

A deferral is used to account for prepaid expenses or early receipt of income. This means paying for a service…

6 min read May 24, 2021

Academy

What is CPA? What do CPAs do?

CPA stands for Certified Public Accountant. It is a designation provided by the American Institute of Certified Public Accountants (AICPA)…

4 min read May 18, 2021