Author: John Ng

Audit Planning: What Is, Example, Process

The auditing process involves assessing a client’s financial statements to form an audit conclusion. There are several stages involved in this process. Primarily, auditors perform the most critical tasks during the fieldwork stage of an audit. However, they must also have a plan to execute during this stage. This plan …

Retainer Fee: Meaning, Definition, Example, Accounting

When it comes to businesses, a retainer fee is one of the most common terms used. The retainer fee is mostly used by small businesses that don’t have enough money to afford a full-time employee. The retainer fee is also used by businesses who want to keep an employee on …

Investing in Bonds: What You Need to Know

If you’re like most people, you have heard of bonds but don’t really know what they are or how they work. In this blog post, we will discuss the basics of investing in bonds and provide some tips on how to get started. Bonds can be a great way to …

Barriers to Entry: Definition, Examples, Types

In any market, there will be businesses that are trying to get in and compete. However, not all of them will be successful. Many barriers can keep a business from entering a market, and this article will explore those barriers in detail. So if you are thinking about starting a …

FIFO (First In, First Out): Method, Definition, Formula, Examples

Inventory valuation refers to an accounting practice that requires companies to evaluate their unsold inventory. This process involves estimating the value of the goods not sold at the end of each year. Usually, companies cannot calculate this value reliably without inventory valuation techniques. However, accounting standards require them to report …

Price Skimming: Definition, Strategies, Examples

Profitability is the primary goal of any business, small or large. To achieve this, businesses employ different marketing strategies to penetrate the market and secure a larger market share. One such strategy is price skimming. It offers short-term high profits while still meeting consumer needs and providing an acceptable product. …

Python for Quantitative Finance

If you are looking for a comprehensive guide to learning Python for quantitative finance, look no further! In this blog post, we will discuss everything you need to know in order to get started. We will cover topics such as installing Python, working with financial data, using libraries for quantitative …

Write Off Vs Disposal of Fixed Assets

A fixed asset is a resource that companies own or control for the long term. They include tangible assets that result in inflows of economic benefits in the future. Usually, companies acquire these assets and keep using them in business until the end of their useful lives. Once they reach …