Learn about two accounting conventions that allow deviation from basic accounting principles: materiality and conservatism.

Learn about Sarbanes-Oxley Act (SOX), its provisions and impact on public companies and their auditors.

Learn about quality of earnings in accounting.

Learn about job opportunities in accounting and benefits of accounting careers.

Learn about incentive compensation types and accounting entries for cash bonuses.

Learn about the total cost concept, one of the cost-plus pricing methods in managerial accounting.

Learn about residual income and how to calculate it using income from operations, earnings before interest and taxes (EBIT), net operating profit after tax (NOPAT), or net income.

Learn about non-operating revenues and expenses.

Explanation of payback period, discounted payback period, cutoff period, and payback reciprocal method with accounting examples.

Learn about different budget types and classification in accounting.