Activity-Based Costing in Healthcare Saves Millions
It increases understanding of overheads and cost drivers; and makes costly and non-value adding activities more visible, allowing managers to reduce or eliminate them. ABC enables effective challenge of operating costs to find better ways of allocati...
What is other comprehensive income?
Now, what I did though is I wrote that investment up through OCI. It's a fair value through OCI, and I now have a balance and accumulated other comprehensive income of $15 attributable to this investment. I'm going to reclassify that gain by debiting...
Is Accumulated Depreciation a Current Asset?
If this derecognition were not completed, a company would gradually build up a large amount of gross fixed asset cost and accumulated depreciation on its balance sheet. Accumulated depreciation is an asset account with a credit balance known as a lon...