Academy

Stay ahead in your fields through continuous learning and skills development. Suitable for seasoned professionals, as well as starters who want to be in sync with the myriad background information on the industry

535 posts

What is Inventory Shrinkage and 7 Ways to Reduce It

Running an inventory centric business is a hefty job. Managing inventory shrinkage is important to reduce inventory costs and improve…

8 min read Jun 14, 2021

Straight Line Depreciation: Definition, Formula, Examples & Journal Entries

Accounting

Straight Line Depreciation: Definition, Formula, Examples & Journal Entries

All businesses require some sort of machinery or equipment or any other physical asset that helps them to generate revenue.…

10 min read Jun 8, 2021

CRM

What is a Brand Positioning Statement and How to Create One

Let’s say that you are preparing to launch a new product for your business. You’ve likely spent countless…

9 min read Jun 2, 2021

Understanding Intangible Assets - Non-Physical Assets with Considerable Value

Accounting

Understanding Intangible Assets - Non-Physical Assets with Considerable Value

An element or resource that is not physical but assigns a considerable value to a company is called an intangible…

10 min read Jun 2, 2021

Inventory

What is LIFO Method in Inventory Valuation

Accounting for inventory encompasses a host of methods that are applied by companies for financial reporting. LIFO or the Last…

5 min read Jun 1, 2021

CRM

How to Build Brand Awareness in 2022

Brand awareness is a prevalent marketing term that describes the degree of consumer recognition of a product by its brand…

14 min read Jun 1, 2021

Understanding EOQ - Economic Order Quantity

Inventory

Understanding EOQ - Economic Order Quantity

A million-dollar question, literally and figuratively in every business, big or small, is “How much to order?”. EOQ helps answer…

5 min read Jun 1, 2021

Supply and Demand: Law, Curves, and Examples

Academy

Supply and Demand: Law, Curves, and Examples

Organizations spend a significant amount of money to determine the level of public demand for their products and services. There…

10 min read May 31, 2021

Managerial Accounting. All You Need to Know

Academy

Managerial Accounting. All You Need to Know

Managerial accounting goes beyond operational accounting and is the application of financial reporting, assumptions, frameworks, and methodologies to complement the…

10 min read May 31, 2021