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Accounting

Double Declining Balance Depreciation: Definition & Calculation

The double declining balance depreciation method is a form of accelerated depreciationDepreciation MethodsThe most common types of depreciation methods include straight-line, double declining balance,
Understanding Asset Disposition: Definition & Tax Implications

A disposition refers to the disposal of assets or securities through assignment, sale, or another transfer method. It is simply the transfer of an asset’s ownership, where the asset is either gi
Discontinued Operations: Definition & Accounting Treatment

Discontinued operations is a term used in accounting to refer to parts of a company’s business that have been terminated and are no longer operational. In accounting, discontinued operations are
Direct Method for Cash Flow Statements: A Comprehensive Guide

The direct method is one of the two methods used while preparing a cash flow statementCash Flow StatementA cash flow Statement contains information on how much cash a company generated and used
Direct Labor Explained: Definition, Examples & Importance

Direct labor refers to the salaries and wagesRemunerationRemuneration is any type of compensation or payment that an individual or employee receives as payment for their services or the work that they
Understanding Direct Cost of Sales (COGS): Definition & Components

Direct cost of sales, more commonly known as cost of goods sold (COGS), is the amount of cash that a company invests in the production of a good or service it sells. Direct cost of sales do
Direct Costs Explained: Definition, Examples & vs. Indirect Costs

Direct cost is an accounting term that describes any type of expenditure that can be directly attributable to a cost object. Cost objects can take many different forms, which we will analyze below. Di
Differential Cost Analysis: A Guide for Business Decisions

Differential cost refers to the difference between the cost of two alternative decisions. The cost occurs when a business faces several similar options, and a choice must be made by picking one option
Understanding Depreciation Methods: A Comprehensive Guide

There are several types of depreciation expenseDepreciation ExpenseWhen a long-term asset is purchased, it should be capitalized instead of being expensed in the accounting period it is purchased in.
Understanding Depreciation Expense: A Comprehensive Guide

When a long-term asset is purchased, it should be capitalized instead of being expensed in the accounting period it is purchased in. Assuming the asset will be economically useful and generate returns
Depreciated Cost Explained: Calculation & Importance

Depreciated cost is the remaining cost of an asset after reducing the asset’s original cost by the accumulated depreciation. Understanding the concept of a depreciation scheduleDepreciation Sche
Understanding Depletion: Definition & Accounting Implications

Depletion is the reduction in the quantity of a factor of production as a result of the production process. Companies use existing goods and services to create new goods and services. The conversion o
Understanding Deferred Revenue: A Comprehensive Guide

Deferred Revenue (also called Unearned Revenue) is generated when a company receives payment for goods and/or services that have not been delivered or completed. In accrual accountingAccrual Accountin
Understanding Deferred Income Tax: A Comprehensive Guide

Deferred income tax is a liability that can be found on a balance sheet. It results from differences in income tax recognition between tax laws (IRS) and accounting methods (GAAPGAAPGAAP, Generally Ac
Understanding Deferred Acquisition Costs (DAC) in Insurance

In the insurance industry, deferred acquisition costs are the accumulated costs of acquiring new insurance contracts and amortizing them over the duration of the contracts. The portion of unrecoverabl
Debit & Credit Analysis: A Comprehensive Guide for Accountants

Accountants perform debit credit analysis at all times as part of their responsibilities. Business transactions occur daily, and it is the accountant’s role to record the transactions appropriat
Understanding the De Minimis Tax Rule: A Comprehensive Guide

The de minimis tax rule is a law that governs the treatment and accounting of small market discounts. Translated “about minimal things,” the de minimis amount determines whether the market
Days Sales Outstanding (DSO): Definition & Calculation

Days Sales Outstanding (DSO) represents the average number of days it takes credit sales to be converted into cash or how long it takes a company to collect its account receivablesAccounts ReceivableA
Understanding Days Payable Outstanding (DPO): A Key Metric

Days Payable Outstanding (DPO) refers to the average number of days it takes a company to pay back its accounts payableAccounts PayableAccounts payable is a liability incurred when an organization rec
Understanding Days of Inventory on Hand (DOH): A Comprehensive Guide

Days of Inventory on Hand (DOH) is a metric used to determine how quickly a company utilizes the average inventory available at its disposal. It is also known as days inventory outstanding (DIO)Days I

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Accounting

Accounting