A. Performance Measurement Mo Shao Lim is the CEO of Snack & Food Company that manufactured snack food and sale across the country. Snack...

Cost Driver Terminology Cost is basically termed as resources sacrifice to achieve income or revenues (business goal). The term "achieve"...

In our earlier post, we had discussed about accounting record. Now we will discuss how to properly record each financial transactions...

Soon after a company has been established, the accounting process also start recording financial transactions occurred. There three main...

The third financial statement that Susan needs to understand is the Statement of Cash Flows. This statement shows how Susan Feed...

Financial statements are the result of accounting process starting from transactions identification, recording, posting, summarizing and...

Balance Sheet - Assets Mo then moves on to explain Susan with the balance sheet or financial position statement, a financial statement...

Introduction to Accounting Principles There are general rules and concepts that govern the field of accounting. These general...

Characteristics of Accounting Information Financial statements are presented to provide users with financial information that will be...

Modern Accounting Concept