Obotu Agape Oguche, Author at Financial Falconet

Process Costing System: Examples, Methods, and Steps

Process costing system is an accounting method usually used by manufacturing companies that mass produces very identical products or units

Horizontal Integration Examples of Companies

Horizontal integration takes place when a company merges or acquires another company that is at the same point of its

Backward Vertical Integration Examples

Backward vertical integration is a strategy that involves a business owning and controlling the business activities that are upstream of

Vertical Integration Strategies: Types and Stages

A lot of companies depend on suppliers of raw materials, manufacturing partners, distributors, and retailers for their business operations and

Forward Vertical Integration Examples

Forward vertical integration is a type of vertical integration that involves a business owning and controlling the business activities that

When to use process costing

Process costing is a type of cost accounting method that is used to determine the cost of a product at

Disadvantages of Vertical Integration

Vertical integration is a business approach wherein companies exert more control over their supply chains by taking ownership of more

Vertical Integration Benefits

The majority of companies depend on a number of partners and suppliers to produce and distribute their products; some use

Bank Service Charge Journal Entry

A bank service charge journal entry is part of a bank reconciliation process. Businesses usually discover that at the end

Tangible Book Value: Formula and Calculation

There are financial metrics that allow investors to assess a company’s ability to provide its investors with an acceptable return

Predetermined Overhead Rate (POHR): Formula and Calculation

The predetermined overhead rate formula can be used to balance expenses with production costs and sales. For businesses in manufacturing,

Advantages of Fuel Subsidy Removal in Nigeria

What are the advantages of fuel subsidy removal in Nigeria? Fuel subsidy removal has been a hard one to sell

Negative Effects of Fuel Subsidy in Nigeria

What are the negative effects of fuel subsidy in Nigeria? Fuel subsidy was first introduced in Nigeria following the oil

Disadvantages of Fuel Subsidy Removal in Nigeria

What are the disadvantages of fuel subsidy removal in Nigeria? The debates about the implications of fuel subsidy removal in

Bonus Depreciation Limits

Does bonus depreciation have a limit? Bonus depreciation was enacted by Congress’ Job Creation and Worker Assistance Act of 2002

Bonus Depreciation Phase Out

In an ongoing effort to help small businesses, the Internal Revenue Service (IRS) permits business owners to claim first-year bonus

Rules for Bonus Depreciation

Bonus depreciation was enacted by Congress’ Job Creation and Worker Assistance Act of 2002 as an additional first-year depreciation allowance

Rental Property Bonus Depreciation

Whether you manage a rental property or you are a personal property owner, understanding how rental property bonus depreciation works

Adjusting entry for uncollectible accounts

The adjusting entry for uncollectible accounts is essential in order to match bad debts with the sales of the period

Bonus depreciation on residential rental property improvements

Taxpayers can take bonus depreciation on residential rental property improvements but not on the actual rental property. There are qualified

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Author: Obotu Agape Oguche