In managerial accounting, what is quarter one?

Southwest Airlines demonstrates the concept of competitive advantage by elevating itself compared to the competition. Explore how their focus on employee satisfaction, flexibility for customers, and low operating costs have made this possible.

The two types of users in accounting are external users like investors, creditors, and the government, and internal users, such as business owners, managers, and, of course, a company's accountant. Learn how external and internal users use accounting information, such as income statements, statements of retained earnings, balance sheets, and statements of cash flows.

Understand the high-low method in accounting. Learn the formulas for the high-low method. Learn how to compute variable cost per unit, fixed cost, and cost model.

What is revenue in accounting? In this lesson, learn the revenue definition, see revenue examples and learn the difference between revenue and income.

Learn about process costing. Study the process costing definition, examine process costing examples, and discover why process costing systems are so important.

Explore relevant and irrelevant costs. Study the definitions and types of relevant and irrelevant costs, and discover examples of relevant costs in decision-making.

Economic benefits are defined as tangible benefits that can be measured in terms of revenue generated or money saved through the implementation of policies. Explore the definition and concept of economic benefits, surplus, and how net income is useful in determining new business policies.

In business, there are two types of costs: avoidable and unavoidable. Learn the difference between avoidable and unavoidable costs through their definitions and examples found in everyday production.

Financial management involves processing the healthcare organization's budgets and expenses to remain sustainable. Learn about their functions in planning and executing short-term and long-term financial goals within healthcare organizations.

The quantitative approach to management combines different numeric techniques into traditional management practices. Learn the definition of the quantitative approach to management and walk through the specific methods used in this approach.

Learn the definition of both temporary accounts and permanent accounts. Understand how these accounts differ see temporary and permanent account examples.

Compare direct vs. indirect expenses and understand how these costs are categorized in business. Explore direct expenses examples and indirect expenses examples.

Understand the definition of owner's equity. Learn the owner's equity formula and how to compute owner's equity through given examples.

Explore the concept of marketing. Learn the definition of marketing and understand its different applications in businesses. Discover the four Ps of marketing.

Real Accounts are formal, eternal parts of company records where Nominal Accounts are summaries of cash flow for a specific time period. Learn the distinctions between these two accounts with examples of each.

Account adjustments are entries out of internal transactions within a business, which are entered into the general journal at the end of an accounting period. Learn about their different types, purposes, and their link to financial statements, and see some examples.