Simplestudies.com Updates http://simplestudies.com Online accounting lessons, tutorials, articles, questions and exercises with solutions. Great accounting study material for students and accounting refresher for accountants, managers and business owners. Mon, 06 Sep 2010 23:22:30 GMT ListGarden Program 1.3.1 http://blogs.law.harvard.edu/tech/rss Overhead Costs in Standard Costing (Accounting Tutorial) http://simplestudies.com/overhead-costs-in-standard-costing.html Free online accounting tutorial covers overhead variances: variable overhead spending and efficiency variances, fixed overhead spending and production volume variances; journal entries for overhead costs and variances. Mon, 06 Sep 2010 23:22:21 GMT Direct Costs in Standard Costing (Accounting Tutorial) http://simplestudies.com/direct-costs-in-standard-costing.html Free online accounting tutorial covers setting cost standards; direct materials cost variances: price and efficiency variance; direct labor cost variances: price and efficiency variance; journal entries for direct materials and direct labor cost variances. Mon, 06 Sep 2010 23:21:27 GMT Why isn't Variable Costing Used for Financial Reporting? (Accounting Q&A) http://simplestudies.com/variable-costing-for-external-reporting.html This article talks about variable and traditional costing systems, their advantages and disadvantages. An explanation of why variable costing is not used in external financial reporting is also provided. Wed, 18 Aug 2010 00:55:39 GMT What are Long-term Accruals? (Accounting Q&A) http://simplestudies.com/what-are-long-term-accruals.html This article discusses the concept of accruals in accounting and long-term accruals in particular. The article also provides examples of long-term accruals and related journal entries. Wed, 18 Aug 2010 00:54:04 GMT When is Physical Inventory Usually Taken? (Accounting Q&A) http://simplestudies.com/when-is-physical-inventory-taken.html In this accounting Q&A, we discuss physical inventory procedures and take a note about differences between full physicals and cycle counts, their advantages and disadvantages. Sat, 17 Jul 2010 00:38:40 GMT What Accounts Are Not Closed at the End of a Period? (Accounting Q&A) http://simplestudies.com/what-accounts-are-not-closed.html In this accounting Q&A, we talk about the closing process (closing the books) and distinguish between permanent and temporary accounts. Illustration and closing journal entries are provided as examples. Sat, 17 Jul 2010 00:36:55 GMT Payroll Accounting and Examples (Accounting Guide) http://simplestudies.com/payroll-accounting-examples.html In this accounting guide, we discuss payroll accounting and related regulations. Covered topics include liabilities for employee compensation, liabilities for employee payroll withholdings, and liabilities for employer payroll taxes. Sun, 11 Jul 2010 01:55:36 GMT What is the Reorder Level of Stock? (Accounting Q&A) http://simplestudies.com/reorder-level-stock.html In this article we discuss the reorder level of stock basics, provide formulas for its calculation, and provide some examples. Sun, 11 Jul 2010 01:53:12 GMT Where do Dividends Go on Balance Sheet? (Accounting Q&A) http://simplestudies.com/where-are-dividends-on-balance-sheet.html In this accounting Q&A, we talk about presentation of dividends in the financial statements, types of dividends and methods of dividend payments. Fri, 02 Jul 2010 01:22:26 GMT How to Account for Bank Deposits? (Accounting Q&A) http://simplestudies.com/how-to-account-for-bank-deposit.html In this accounting Q&A, we talk about accounting for bank deposits with examples. We also discuss differences in debits and credits related to bank deposits from the bank and company's standpoints. Fri, 02 Jul 2010 01:21:23 GMT