Alexandr SandulskiiBudget Types Master Budgeting: A Comprehensive GuideIf you are looking to master budgeting, understanding the different types of budgets is essential. In this article, we will explore the…Apr 22, 2023Apr 22, 2023
Alexandr SandulskiiWhat to check to find the difference between plan and budgetThe year is over! We have rested. Most companies entered the new year with approved plans and budgets. After the holidays, all departments…Jan 9, 2023Jan 9, 2023
Alexandr SandulskiiWhat is Cost of Goods Sold (COGS)?When figuring out how much money a business has made from its products, COGS is a key factor. This is because COGS represents the total…Oct 20, 2022Oct 20, 2022
Alexandr SandulskiiIf a department did not accomplish monthly plan, who is responsible?When it comes to management accounting, performance is key. Companies need to ensure that their accounting methods and processes are…Oct 12, 2022Oct 12, 2022
Alexandr SandulskiiThe difference between horizontal and vertical analysisIn many ways, a financial balance sheet is a snapshot of a company’s assets and liabilities at a specific point in time. A horizontal…Sep 22, 2022Sep 22, 2022
Alexandr SandulskiiAnalyzing a balance sheet with financial ratiosThe financial statements are a snapshot of a company’s financial condition at a certain point in time. In order to help make financial…Sep 21, 2022Sep 21, 2022
Alexandr SandulskiiP&L using cash methodFor most startups and small size companies it is enough to use a cash method for management accounting. To make a profit and loss statement…Sep 20, 2022Sep 20, 2022
Alexandr SandulskiiThe Top 5 Benefits of Financial PlanningThere are many benefits to having a financial plan or budget for your company, both for those who currently have one and for those who…Sep 9, 2022Sep 9, 2022
Alexandr SandulskiiHow to forecast cash flow?Forecasting involves predicting future events, and can be used in any business. In order to forecast sales, cash, and cash flow for a…Sep 8, 2022Sep 8, 2022
Alexandr SandulskiiUsaliUSALI 12 What will be changed?New version of Uniform System of Accounts for the Lodging Industry (USALI) expected at the end of 2022.Sep 7, 2022Sep 7, 2022
