Fixed and Flexible Budget: Meaning, Difference and Utility

The word budget often conjures up images of complicated financial documents. But it’s a tool that can be used by various entities, including governments, businesses, and individuals/households of every income level. Once you have these key points under your belt, you’ll be better prepared at securing your financial future. A long-term budget can be defined… Continue reading Fixed and Flexible Budget: Meaning, Difference and Utility

Effect of Price Level Changes on Financial Statement Examples

In case the information regarding average index is not available, it may be calculated by taking the average of the index numbers at the beginning and at the end of the period. CPP method involves the restatement of historical figures at current purchasing power. The $9,108 that SFAS 33 calculated for increase in current cost… Continue reading Effect of Price Level Changes on Financial Statement Examples