The convergence of accelerating inflation and heightened tariff costs creates optimal conditions for adopting LIFO, but taxpayers need to understand the benefits and act promptly.

Learn about the methods of calculating and tracking inventory that are used in retail accounting.

Rocky Brands, Inc. reported strong Q4 '25 results with 9% revenue growth and expanding operating income. Learn more about RCKY stock here.

Trex (NYSE:TREX) executives emphasized market share gains, product innovation, and expanding distribution as key drivers ...

Flexsteel Industries, Inc. delivered its 9th consecutive quarter of YoY top line growth, but revenue gains were almost entirely due to tariff surcharges, not volume increases. Gross and operating ...

Jake Shermand has been working in the FIFO industry in Perth for three years, having moved to Australia from the UK in 2022 chasing a “better quality of life”. The 31-year-old currently lives in Perth ...

Learn how average cost flow assumption helps businesses manage costs efficiently in inventory, COGS, and ending inventory. Explore its applications and benefits.

Discover how modified accrual accounting merges accrual and cash basis methods, its key principles, and why it's preferred by government agencies for accurate financial reporting.

We list the best small business accounting software for the UK, to make it simple and easy to manage your business money better. When it comes to selecting the best accounting software it is possible ...

From 1 February 2026, most tobacco products attract 40% GST with excise-based levies replacing compensation cess. GST will now be computed on MRP instead of transaction ...

Accrual basis accounting is typically the preferred method, but cash basis accounting may work for very small businesses. Many, or all, of the products featured on this page are from our advertising ...

Most companies committed to AI tools believe they have a strategic advantage, but they also have more risks to consider.