Categoria: Bookkeeping

The lenders and investors want correct revenue figures, sound financial projections, and a clean balance sheet. Economic slumps often trigger

On the contrary, under cash basis accounting, if the utility company sends you a bill, you do not record the

Accounting standards such as Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) guide these adjustments. See Note

The cost of the Direct Materials Inventory depends on a variety of factors, including the type and quantity of materials

This makes sense because although it stems from a long-term obligation, the current portion will have to be repaid in

Money spent repairing and maintaining existing equipment is not considered a capital expenditure. These costs are reflected in a company’s

For capital expenditures, the depreciation period on a financial statement is known as the asset’s useful life. Depreciation begins as

Content How to calculate an FTE? How to Calculate the Full Time Equivalent FTE Meaning: What Does FTE Mean In