A fixed interest rate repayment on a loan is also a fixed cost (provided it is not tied to a variable interest rate). The defining characteristic of a fixed cost is that it does not change. If you need to pay $3,000 a month for the next 2 years for a property, then this is a fixed cost. The most obvious example of a fixed cost would be a lease. The direct costs would be the total cost of the individual parts themselves. The most obvious example of a direct cost would be a car manufacturing company. They may also include distribution costs and other expenses, depending on the method of accounting. Direct costs would include labor or materials. They are the direct cost associated with the production of a product. We want to help you have information provided by professional experts in the field, so we have selected several books of accounting fully updated that will allow you to know more about this topic.īelow we present you more than 20 books on accounting in PDF format, which we are sure contain all the information you are interested in knowing about accounting processes.Direct costs are among the most common. These are some of the reasons why accounting books are very helpful, they contain updated information about the different accounting processes and case studies that help to understand in a simple way each of the procedures. Companies know that they must have an accounting system to properly maintain the accounting parameters, this in order to function properly and comply with the established guidelines. The information obtained will help to establish the strategies that are required, this with the purpose of improving the economic performance. The accounting process consists of registering the different economic operations, in order to know where the company has obtained everything it owns, what it has invested in and how much it has left. Failure to comply properly with it may lead to sanctions with the competent bodies. In order to know and understand everything about the accounting processes, a variety of accounting books are available on the web, which can be consulted whenever you need them.Īccounting allows to register the different financial operations that a company carries out, with the purpose of obtaining all the information in an orderly and grouped way. These explain in a simple and detailed way everything related to the accounting processes of any type of business. The most practical way to understand accounting, what it is, how it works and what its importance is within the financial activities of companies, is with our collection of accounting books in PDF format.
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