Month: May 2021

The history of accounting is as old as civilization. It is the process of identifying, measuring, recording and communicating economic information, capable of being expressed in terms of money. The utility of accounting information lies in its ability to reduce Read More …

Cost is the amount of resource given up in exchange for some goods or services. The resources given up are money or money’s equivalent expressed in monetary units. The Chartered Institute of Management Accountants, London defines cost as “the amount Read More …

ORIGIN OF PENSIONS FUNDS Pensions were initially intended as extra compensation meant to entice people to enlist into the military.  As early as 1636, before the colonies were united as the U.S., the Plymouth colony offered a pension for those Read More …

BC

CSP

FML

GE

GSA

LPM