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What Is Accounting? | Simplified Accounting is the process of recording and summarizing financial information in a useful way It ensures that business have a reliable record of financial transactions
Accounting Concepts Principles | Accounting-Simplified. com As financial reporting involves significant professional judgments by accountants, these concepts and principles ensure that the users of financial information are not mislead by the adoption of accounting policies and practices that go against the spirit of the accountancy profession
Internal Rate Of Return (IRR) | Accounting Simplified Internal Rate of Return, commonly referred to as IRR, is the discount rate that causes the net present value of cash flows from an investment to equal zero The calculation and interpretation of IRR can be simplified into the following 4 Steps
Linear Programming In Accounting | Accounting Simplified In managerial accounting, linear programming refers to the application of various mathematical techniques to determine an optimum solution Linear programming problems can be solved using graphical or equation methods
Variance Analysis - Accounting Simplified Variance Analysis, in managerial accounting, refers to the investigation of deviations in financial performance from the standards defined in organizational budgets
Straight Line Depreciation Method | Explanation Examples Following formula can be used to calculate straight line depreciation for the current and subsequent accounting periods in case of a revision: Depreciation expense = ( Cost - Revised Residual Value - Accumulated Depreciation)
About Us - Accounting Simplified Accounting-Simplified aims to provide quality Financial Accounting study resources to students, professionals and others interested in learning the basics of accounting We seek to provide comprehensive accounting tutorials that are easy to understand
Economic Batch Quantity (EBQ) | Accounting Simplified Economic Batch Quantity = √ ( (2 x C s x D ) (C h (1 – D P)) ) Where: C s is the setup cost of a batch; D is the annual demand; P is the annual production capacity; C h is the annual cost of holding one unit of finished inventory; The formula for calculating EBQ is very similar to EOQ with one notable difference in the denominator The cost of holding in EBQ formula is decreased by the