What are FIFO and LIFO? The FIFO and LIFO methods are accounting techniques that are used o manage inventory and financial matters involving the amount of money a company spent within inventory of produced goods, raw materials, parts, components or feed stocks. These methods are used to manage any assumptions on the cost flows related… Read More

What is inventory valuation? An inventory valuation allows a business entity to provide a monetary value for items that make up their inventory. Inventories are usually the largest current asset of a business. The proper measurement of the inventory of a business is necessary to ensure that accurate financial statements are created. If an inventory… Read More

What is a dividend? A dividend is a payment made by a business to its shareholders. It is usually a distribution of profits. When a business earns a profit or surplus, it can reinvest this money in the business, and pay a fraction of this reinvestment as a dividend to its shareholders. The distribution to… Read More