Kenneth W. Boyd

Kenneth W. Boyd has 30 years of experience in accounting and financial services. He is a four-time Dummies book author, a blogger, and a video host on accounting and finance topics.

Articles & Books From Kenneth W. Boyd

Cheat Sheet / Updated 04-12-2024
The certified public accountant (CPA) credential is a valuable tool for you to obtain. The designation will help you pursue a career in accounting and in other areas of business. To become a CPA, you must study for and pass the CPA exam. To increase your chances of success, you need to make sure you’ve prepared properly, including completing the necessary paperwork and requirements for your state, and study thoroughly for each of the four tests that make up the exam.
Article / Updated 08-01-2023
When cost accounting, you put together your budgeting process for indirect costs with a plan for direct costs. Think of the combined process as normal costing. This is an important point: You trace direct costs and allocate indirect costs. Normal costing combines indirect cost rate with actual production. The process gets you closer to actual total costs for your product.
Article / Updated 09-15-2022
Financial statement fraud, commonly referred to as "cooking the books," involves deliberately overstating assets, revenues, and profits and/or understating liabilities, expenses, and losses. When a forensic accountant investigates business financial fraud, she looks for red flags or accounting warning signs that indicate suspect business accounting practices.
Accounting All-in-One For Dummies (+ Videos and Quizzes Online)
A complete and easy-to-follow resource covering every critical step of the accounting processLearning to love the language of business is easier than you think! In the newly revised Third Edition of Accounting All-In-One For Dummies with Online Practice, finance expert Michael Taillard walks you through every step of the accounting process, from setting up your accounting system to auditing and detecting financial irregularities.
Article / Updated 08-11-2022
In cost accounting, the cost of goods available for sale represents the product’s total costs. Total costs have two components — joint costs and separable costs.Assume the cost of goods available for sale are $1,751,163 and $1,260,837 for the heavy-duty blower and the yardwork blower. Say the separable costs are $1,200,000 and $912,000.
Article / Updated 08-11-2022
In cost accounting, the cost of goods available for sale represents the product’s total costs. Total costs have two components — joint costs and separable costs. When possible, you want to reduce separable costs, but first take a look at your company’s joint costs.Assume you manufacture leaf blowers. Your two products are heavy-duty blowers and yardwork blowers.
Article / Updated 08-01-2022
In cost accounting, two types of capacity focus on production: theoretical capacity and practical capacity. Consider how much you could produce if customer demand was unlimited. Select a capacity method that makes sense to you, and use that as a tool to plan production and spending.Theoretical capacity assumes that nothing in your production ever goes wrong.
Cheat Sheet / Updated 02-28-2022
Accounting, as you may guess, involves a lot of math. As you practice various types of accounting problems, and when you begin doing accounting work for real, you will need to utilize various formulas to calculate the information you need.10 useful accounting formulasThe following are some of the most frequently used accounting formulas.
Cost Accounting For Dummies
Take control of overhead, budgeting, and profitability with cost accounting Cost accounting is one of the most important skills in business, and its popularity as a course in undergraduate and graduate business and management programs speaks to its usefulness. But if you’ve ever felt intimidated by the subject’s jargon or concepts, you can stop worrying.
Cheat Sheet / Updated 12-15-2021
Cost accounting is a valuable tool you use to reduce and eliminate costs in a business. You also use cost accounting to determine a price for your product or service that will allow you to earn a reasonable profit.Familiarize yourself with the most important formulas, terms, and principles you need to know to apply cost accounting.