Blessing Peter Titus, Author at Financial Falconet

Chain of Command in Business Management

The chain of command in business management describes how responsibility, authority, and decision-making power flow in a business corporation. This

Companies with Vertical Integration Strategies

Vertical integration is a strategy used by companies or corporations in order to lessen the inconsistencies and inefficiencies along their

How to find the predetermined overhead rate

How to Find Predetermined Overhead Rate

Before companies launch a new product or service, they often need to find the predetermined overhead rate for that particular

Pricing Strategy Examples and Types

Every manufacturer or service provider set the price of the products or services they provide based on several factors such

Budgetary Challenges and Problems

Budgetary challenges refer to difficulties faced by individuals, businesses, organizations, or governments in managing their finances within the available resources

Importance of Budgeting

The importance of budgeting cannot be overemphasized, as it aids individuals or businesses to effectively utilize the resources available to

Section 168 deduction

Individuals and businesses are often on the lookout for tax incentives that aid in reducing their tax liabilities. One such

What is Special Depreciation Allowance (SDA)?

The special depreciation allowance (SDA), commonly referred to as bonus depreciation is a tax incentive that allows businesses to deduct

Journalizing Adjusting Entries Examples and Types

Journalizing adjusting entries is a necessary part of every company’s accounting or bookkeeping process. Without these adjusting entries, a company’s

What is Accumulated Wealth? Accumulation Strategies

Accumulated wealth takes various forms for different people as the financial independence and freedom that is often associated with having

Allowance for doubtful accounts adjusting entry

When companies make sales on credit, they usually record such sales in an asset account called the accounts receivable. This

Adjusting entry for inventory

Adjusting entry for inventory is made at the end of an accounting period to ensure that a company’s recorded inventory

Adjusting Entry for Prepaid Insurance

When individuals or cooperate organizations own items that they consider valuable, they usually subscribe to different kinds of insurance packages

Adjusting Entry for Depreciation

Businesses usually have both tangible and intangible assets that aid them with revenue generation, ease daily operations, and reduce expenses.

Adjusting entry for unearned revenue: examples and how to

The basic building blocks for accurate income statements and balance sheets are accurate journal entries. One such journal entry is

How to Record Adjusting Entry for Supplies with Examples

Most businesses in existence purchase supplies for their day-to-day operation. These items are helpful in driving employee efficiency and the

Is supplies an asset?

Is supplies an asset? In order to have correct financial statements, businesses need to keep track of various items and

List of Assets, Liabilities, and Equity with Examples

The list of assets, liabilities, and equity is useful for every business as it outlines all the company owns, all

Why Prepaid Expenses Appear in the Current Asset Section of the Balance Sheet

Companies may pay for certain goods or services in advance. If this happens, the company records such prepayment as prepaid

ROE with Dupont Formula

When investors put their money into a company by purchasing the stocks of that company, they often do so with

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Author: Blessing Peter Titus