Activity-based costing, or ABC, is a costing method that managers can use for internal cost reporting and decision making. While ABC isn't allowed for external financial reporting, companies may find ...

The features of cost accounting involve assessing and recording all costs associated with operating the business. The accounting method is used to assemble and track all costs, while also guiding ...

Cost accounting examines how a company spends money. All expenses are recorded and analyzed in detail and then reported to management, who uses this information to identify ways to increase efficiency ...

Cost-basis accounting and tax-losses selling just became a whole lot less burdensome. Beginning last week, PFPC of Wilmington, Del., began offering an enhanced cost-basis accounting module to ...

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...

The ability to make choices is the pillar of a free market economy. But when it comes to the Internal Revenue Services' new tax reporting requirements, choices will mean plenty of additional ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Over a decade ago, I became intrigued by the idea of using a mastery approach to learning in accounting classes. It inspired me to convert my junior-level cost-accounting course to a mastery-based ...

Case in point: The U.S. Securities and Exchange Commission (SEC) is operated as an independent federal agency, and its annual costs are paid for using transaction-based fees called Section 31 fees.