Thus, the use of debits and credits in a two-column transaction recording format is the most essential of all controls over accounting accuracy. Obviously, if you don’t know a transaction occurred, you can’t record one. Using our vehicle example above, you must...
The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Here are the most popular options—including one you should definitely avoid. Upgrading to a paid membership gives you access to our...
Since nonmanufacturing overhead costs are outside of the manufacturing function, these nonmanufacturing costs are immediately expensed in the accounting period in which they are incurred. That is why accountants refer to nonmanufacturing costs as period costs or...
This is where conflict resolution and customer service come into play. Enforcing lease terms, sending out the proper notices on time, documenting the paper trail, and having hard conversations with tenants are all part of the job. An experienced property manager...
The term ‘opportunity cost’ is attributed to David L. Green, who used it in an 1894 article titled “Pain-Cost and Opportunity Cost”. The term opportunity benefit is sometimes used to refer to the advantages that one option in a choice set has over others. For example,...
With worldwide sales of over 150 million records, he is ranked among the best-selling music artists of all time. Right IconThis ranking is based on an algorithm that combines various factors, including the votes of our users and search trends on the internet....
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Professional Connector
Professional Connector, a vision of Piedmont Avenue Consulting, Inc. collaborates with various companies, venues, spirit vendors, and business experts to bring together both attendees and sponsors in highly valuable events. Our events include business and social mixers, networking, tasting, workshops and more. This is an opportunity to grow your network and promote your company. We are currently hosting a growing number of 50 events each year!
