Contents:Work in Process Inventory – What Is WIP and How To Calculate it?PRODUCTSHow to Calculate Work-in-Process InventoryFinal Thoughts on ‘Work in Progress’ and ‘Work in Process’ Some of us don’t complete most of the projects we undertake until the very last minute. Sometimes, we struggle with what to call them before they become finished products. [...]

ContentA guide to California state taxesCalifornia: Sales Tax HandbookThe open secret about California taxesWhere Do People Pay the Most in Property Taxes?How do I file and pay my California state taxes?Save time and money with Wise Business We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain [...]

ContentPresent Value of a Growing Perpetuity (g = i) (t → ∞) and Continuous Compounding (m → ∞)Single Period InvestmentsUnderstanding Present Value (PV)How to calculate present value in Excel - formula examplesDiscount rate formula: Calculating discount rate [WACC/APV]How to Calculate the Present Value of Future Lease Payments Now that we understand the concepts of the [...]

ContentFleet and Plant Asset Management PlanAccumulated Depreciation—Equipment ................... 2,00 0IAS 16 — Proceeds before intended useThe cost of the driveways and parking lot (€12, should be debitedFalse. Depreciation applies to three classes of plant assets: land improve- IAS 16 Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. [...]

ContentIndustry insightsIs the retail method right for you?How to choose inventory management softwareUnderstanding First In, First Out (FIFO)Allows you to track product information.Stock Valuation Methods or Inventory Accounting Method Once the company has a method in place, they need to stick to using the same process. We can’t have an entire piece on Retail Inventory [...]