Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Timothy Li is a consultant, accountant, ...

Under the Modified Accelerated Cost Recovery System, the half-year depreciation convention generally applies to personal property. Under this convention, only a half-year of depreciation is allowed ...

Although bookkeeping seems like a clear and objective endeavor, it is actually based on a set of assumptions and conventions that can affect the information you distill, changing numerical outcomes, ...

What is Mid-Point Convention? an accounting convention used for the calculation of depreciation of an asset. The midpoint convention works under the assumption that an asset purchased or disposed of ...

Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

Economic profit is a powerful tool that cuts through accounting conventions to reveal a business’s genuine value creation. Unlike traditional profit measures that appear on income statements, economic ...