Since the direct labor is regarded as purely a variable manufacturing cost, it should vary with the output volume produced by the entity. Direct Labor Costs are costs that are…

This assessment helps auditors determine the appropriate audit procedures to be performed to address the identified risks. Inherent Risk, on the other hand, refers to the susceptibility of an assertion…

Otherwise, the applicant may also engage the services of a registered filing agent (e.g. law firm, accounting firm or corporate secretarial firm) if the applicant does not have SingPass. According…

Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you. We Fools may not all hold…

Union rates, travel pay, and taxes can also impact how much you’ll need to pay your workers. Although it is possible to combine these methods, the shortcomings of both in…

Variance analysis helps management to rely on the principle of management by exception. Our goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing…

Reporting in Xero is solid, with a variety of financial statements and management reports available. Integrates with more than 750 apps and offers live, in-house bookkeeping add-on. Entry-level plan limits…

Especially when using the fund accounting method to organize your finances, your church’s bookkeeping is likely too complex to simply input data into a spreadsheet. Dedicated accounting software can streamline…

When revenue grows, it’s a big sign that the company is doing well, and you bet investors and everyone else keeping an eye on the company are looking out for…

It is important to note that the loan term or tenure also affects the EMI calculation. While the loan amount and interest rate primarily determine the EMI amount, the tenure…