Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Non-current assets or liabilities are those that cannot be converted easily into cash, typically within a year, that is. Current assets and liabilities can be converted into cash …
For a stop payment to work, your financial institution needs time to process it before someone cashes the cheque. In some cases, your financial institution may not successfully process your request before someone cashes the cheque. Dealing with a stale check is take time as it requires dealing with customers, issuer, and bank. What is …
Automation and AI technologies excel in automating repetitive and time-consuming tasks like data entry and transaction processing. It reduces the likelihood of human error and allows accounting professionals to redirect their focus toward analytical aspects of financial management. Here are nine popular branches of accounting catering to the diverse needs of organizations. Here’s more on …
What are the 9 branches of accounting and How does it work? Read More »
To calculate, the selling price of the asset is considered and then, the other costs incurred to achieve the sales is subtracted from it. These costs are disposale costs, including transport fees, taxes, etc. The NRV of the defective Inventory is the product of the number of defective units and the sale price per unit …
What Is Net Realizable Value NRV: Formula and Examples Read More »
One thing to keep in mind is that in this article, we are separating taxes from payroll deductions. Once you know how many hours you’ll be paying per employee, you can calculate gross pay. Gross pay is the total pay an employee earns before taxes and other deductions are subtracted, or more simply put, their …
How to Do Payroll Accounting: A Step-by-Step Guide for Employers Read More »
Capitalization causes more interest to accrue over the life of your loan and may cause your monthly payment amount to increase. Table 1 (below) provides an example of the monthly payments and the total amount repaid for a $30,000 unsubsidized loan. The example loan has a 6% interest rate and the example deferment or forbearance …
Capitalize: What It Is and What It Means When a Cost Is Capitalized Read More »
Content Debit and Credit Usage How Do You Tell Whether Something Is a Debit or Credit in Accounting? How Accounts Are Affected by Debits and Credits Sage Business Cloud Accounting Accounting Principles I Credits The rules governing the use of debits and credits are noted below. If you are really confused by these issues, then …
Content Accounting and Bookkeeping Software Accounting Do you leverage Online and Dynamic Systems in your practice? Next Up: A Certified Public Accountant Start by Hiring a Bookkeeper Law Firm Accounting Services Also, please note that our lawyers do not seek to practice law in any jurisdiction in which they are not properly permitted to do …
Content Join over 140,000 fellow entrepreneurs who receive expert advice for their small business finances Why create pro forma statements? Why do banks require pro forma financial statements? Pro Forma Gross Profit Forecasting Retained Earnings Pro Forma Balance Sheets The same holds true for the process of preparing income statements and cash flow statements. It …
Pro Forma Statements: Pro Forma Balance Sheet Saylor Academy Read More »
Content Government Accounting Certification Accounting Basics Is Equipment a Current Asset? Detailed Explanation Public vs. private accounting FINANCIAL REGULATION They help streamline government financial practices, making financial reports easily understandable to stakeholders and the public. By effectively managing public funds, it can improve resource allocation, reduce wastage, and promote the responsible use of taxpayers’ money. …
Government Accounting Standards Board GASB mission, Functions Read More »