Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Getty Images / Worawee Meepian Accounting is ...

Activity based costing (ABC) is an accounting technique that aims to clarify exactly how and where a company makes its profit. ABC assigns costs to all the resources needed to carry out a particular ...

Discover how absorption costing is used in GAAP for external reporting. Learn its components and why it's essential for ...

Weighted average costing is one among many different types of inventory cost accounting methods that companies use. Other common methods include the more common last-in, first-out, or LIFO method, and ...

Businesses of every size need to track and reconcile expenses that affect the price of goods they sell. Not doing so makes it difficult for you to determine if your income for your products is enough ...