This chapter is from the book
Key Concepts in This Chapter
- Flow of compensation and benefits cost outlays
- Costs versus expenses
- CAPEX
- OPEX
- Compensation and benefits cost elements
- Understanding base pay
- Base pay outflows
- Current accounting for compensation and benefit cost elements
- Payroll accounting
- Record keeping of HR cost elements within the accounting cycle
- Technical issues with respect to compensation and benefit cost elements
- The definition of all compensation and benefit terms