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Accounting Careers

A number of occupations and career paths are available for those wishing to pursue a career in accounting. Depending on the job, some positions require higher education, such as associate’s, bachelor’s, or master’s degrees. Bookkeeping positions typically require a two-year associate’s degree or a high school diploma with prior experience in accounting. Bookkeepers can become […]

Determining Present Value of Annuities

Annuities involve a series of fixed payments to or from a company over a fixed period of time. Annuities may include loans, rent, mortgages, and interest payments. Payments typically occur on a monthly, quarterly, semi-annual, or annual basis. While an annuity is being built up or paid for, this is known as the accumulation period. […]

Standard Costing

Standard costing is a method of cost accounting based on standardizing costs, as opposed to actual or expected costs. This method provides a process of arriving at a standard cost in a simpler format than that of the FIFO or LIFO methods. Standard Costing often deals with a business’s manufacturing overhead, costs of direct material, […]

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