Discover how HIFO inventory accounting contrasts with LIFO and FIFO methods, and why it impacts COGS and taxable income, ...

Discover how the FIFO method simplifies COGS calculations, using examples and comparisons to enhance your financial ...

WALNUT CREEK, CA – December 15, 2025 – PRESSADVANTAGE – ClearPath CFO Advisory has announced the expansion of its professional accounting services to additional Northern California communities, ...

A significant proportion of firms have yet to implement new audit technologies and methods, citing poor training, lack of ...

Calculating the cost of goods sold gives a business insight into its performance and helps calculate profit. Many, or all, of the products featured on this page are from our advertising partners who ...

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

Washington, D.C. – Today, the Office of Management and Budget’s Cost Accounting Standards (CAS) Board, chaired by the Office of Federal Procurement, published two proposed rules to eliminate more than ...

In the world of corporate governance and financial transparency, the term cost audit holds a vital place. While organizations regularly conduct financial audits to review profit and loss statements, a ...

This paper examines the role of cost accounting in public financial management, focusing on budget credibility, performance-based budgeting, public procurement, and corruption detection. Despite ...

Senate Republicans used their majority on Monday to set a new budgeting precedent, disregarding longstanding rules affecting which bills can be shielded from a filibuster. By Andrew Duehren Reporting ...

The recent surge in inflation has led managers to reassess the best inventory valuation methods—first-in-first-out (FIFO) or last-in-first-out (LIFO). In times of rising prices, FIFO typically results ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...