accounting terms and Transportation

What is COGS in Accounting and How to Calculate It?

Snyder

AUGUST 10, 2022

” COGS is also an accounting term under U.S. Generally Accepted Accounting Principles (GAAP) that requires businesses to apply certain inventory costing principles. The costs of transportation, accounting services, advertising and selling of the shoes aren’t part of COGS. GAAP for COGS.

E-commerce

E-commerce accountant Account accounted

In Wake of Coronavirus, Takeovers (And Liabilities) Loom

PYMNTS

FEBRUARY 19, 2020

We’re referring to transport, of course – and tourism , sporting events and one-off gatherings that are now shuttering. In accounting terms, that means eyeing possible write-downs of assets, and “write-ups” of liabilities. In one example, perhaps an extreme one, government takeovers may be in the offing.

Hospitality

Hospitality Real Estate Sports auditor

Accountant Advocate

What is COGS in Accounting and How to Calculate It?

In Wake of Coronavirus, Takeovers (And Liabilities) Loom

Webinars

Stay Connected