When it comes to the production of goods and services there can be both positive and negative externalities. A positive externality is an effect of production that benefits someone other than the producer or consumer of the good or service. Now negative externalities are the opposite. They refer to a …

The accrual concept in accounting requires companies to account for expenses when they occur. This requirement allows companies to record those expenses in the same period as they help generate revenues. However, companies may pay for them at a later date. The accruals concept does not consider the settlement relevant …

When it comes to economics, deadweight loss is defined as the value of lost welfare or the value of resources wasted because of an inefficient allocation of resources. It could bring a lot of disadvantages to the entire economy. Investors and producers might not get the desired return on their …

The accounting for government funds differs from the process for other entities. Usually, this process falls under the accounting standards for government bodies. Government funds may include various types as well. Before discussing the types and accounting of government funds, it is crucial to discuss them. What are Government Funds? …

Debt and asset are two of the most important financial terms an individual or company will use. Both of the terms are used in the calculation of the Debt to Asset Ratio. The ratio is a way to compare what an entity owes to what it owns and can be …

Every company prepares an income statement that shows how it derives revenues from its operations. On top of that, it also reports on expenses related to those activities. Usually, this area includes the operating profits or losses from activities only. After that, the income statement also presents non-operating income and …

Do you want to learn how to use Python for algorithmic trading and quantitative analysis? If so, you have come to the right place! In this blog post, we will teach you everything you need to know about using Python for these purposes. We will cover topics such as importing …

For any business, growth is essential for both survival and profitability. Without insight into where to allocate resources, a business may stagnate and fall behind its competitors. One of the most popular and influential models in strategic management is the Ansoff Matrix, developed by H. Igor Ansoff in 1957. The …

Data science is a relatively new field that is quickly growing in popularity. Professionals with skills in data science are in high demand, as businesses and organizations realize the importance of analyzing data to make informed decisions. In this blog post, we will explore how data science is used in …

To run a successful business, every company should be aware of its Days Sales Outstanding (DSO). This metric measures the average number of days that a company takes to collect its receivables. In other words, it’s a key indicator of how quickly a company is being paid by its customers. …