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Accounting staff are considered executive costs which would be a period cost.

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13y ago

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What is accounting staff?

An accounting staff is a staff made up of accountants. An accounting staff can have many duties, such as financial advisement, account maintenance, and account management.


What is Period Expenses?

Period expenses are costs that are not directly tied to the production of goods or services and are incurred over a specific period, usually within an accounting period. These expenses include items such as rent, utilities, and salaries for administrative staff. Unlike product costs, which are capitalized as inventory until sold, period expenses are expensed in the period they are incurred, impacting the income statement directly. They help businesses assess profitability and manage operational costs more effectively.


What is Product-level activity?

Product - Level Activities relate to specific products and typically must be carried out regardless of how many batches are run or units of product are produced of sold. For example, activities suck as designing a product, advertising a product, and maintaining a product manager and staff are all product -level activities. Managerial Accounting, 14th Edition, Garrison, (2012)


What is the accounting double entry for granting staff loans?

[Debit] Staff loans [Credit] Cash / bank


Difference between an accountant and a staff accountant?

Well, "Staff Accountant" is the name of a position whithin an accounting firm. After being a staff accountant you can become a Senior Staff Accountant, and then a Manager and ultimatelly a partner of the accounting firm. Whereas, an accountant is any person that works either in public or private accountancy.