P&U companies use these agreements when making investment decisions and securing financing. These long-term contracts usually specify the amount of commodity to be delivered and the transaction price. Given the volatile nature of commodities prices, the sales contracts often include clauses allowing for price adjustments if the underlying commodity prices change drastically over the life […]

However, the total amount of depreciation expense during the life of the assets will be the same. The double-declining balance (DDB) depreciation method, also known as the reducing balance method, is one of two common methods a business uses to account for the expense of a long-lived asset. Compared to the standard declining balance method, […]

This PTIN requirement applies to all tax preparers (including tax attorneys, CPAs, and enrolled agents). Both the CPA Exam and CIA Exam are challenging, meant to test candidates’ ability to provide relevant, quality services in the profession. The CPA exam covers a wide range of accounting and cpa vs tax preparer business topics and requires […]

This model underscores the importance of unconscious or intuitive decision-making processes. It is especially useful in complex decision scenarios where intuition, derived from past experiences and expertise, can guide decision-making. The Delphi Method is widely used in fields such as strategic planning, forecasting, and policy development, where expert opinions and insights play a crucial role […]