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Competency Mapping Analysis

1) Identify key components of employee job descriptions – the critical points only. Focus on what characteristics and skills are absolutely essential to get the job done. Remember that job descriptions […]

Fixed Assets and Depreciation Accounting

Fixed Assets are business purchases which will be used by the business for a few years. Examples are machinery, vans and computers.  To be classified as a Fixed Asset, rather than […]

Overhead Cost Allocations

The allocation of certain overhead costs to produced goods is required under the rules of various accounting frameworks. In many businesses, the amount of overhead to be allocated is substantially […]

ABC Analysis

ABC analysis is a method of analysis that divides the subject up into three categories: A, B and C. Category A represents the most valuable products or customers that you have. […]

Economic Order Quantity (EOQ)

Economic order quantity (EOQ) is the ideal order quantity a company should purchase for its inventory given a set cost of production, demand rate and other variables. This is done […]

Inventory Valuation

Inventory valuation is the cost associated with an entity’s inventory at the end of a reporting period. It forms a key part of the cost of goods sold calculation, and […]

Classification of Capital And Revenue Expenditure

Expenditure on fixed assets may be classified into Capital Expenditure and Revenue Expenditure. The distinction between the nature of capital and revenue expenditure is important as only capital expenditure is included in the cost […]

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