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Accounting / April 20, 2018 / Holly Mercer

Accountant Education RequirementsAccountant Education Requirements

Cash flow from investing activities is an item on the cash flow statement that reports the aggregate change in a company's cash position resulting from...

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Accounting / April 20, 2018 / Holly Mercer

Accounting Journal Entries ExamplesAccounting Journal Entries Examples

Reconciling accounts and comparing transactions also helps your accountants produce reliable, accurate, and high-quality financial statements. Since your company balance sheet reflects all money spent—whether...

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Accounting / April 19, 2018 / Nola Peterson

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An income statement, the most common financial statement, shows a company's revenue and total expenses, including noncash accounting such as depreciation, traditionally over a period...

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Accounting / April 17, 2018 / Pearl Bailey

Accrual Basis Of AccountingAccrual Basis Of Accounting

There are three main financial statements: the balance sheet, income statement, and cash flow statement. The balance sheet provides an overview of a company's assets,...

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Accounting / April 17, 2018 / Justice Buckley

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The Receivables Turnover and Days' Receivables Ratios assess the firm's management of its Accounts Receivables and, thus, its credit policy. In general, the higher the...

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Accounting / April 10, 2018 / Sharon Hardin

Average Inventory TurnoverAverage Inventory Turnover

Suppose a business enters into a capital lease agreement for an asset worth 12,000 and agrees to pay a deposit of 1,500, leaving a balance...

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Accounting / April 9, 2018 / Holly Mercer

Asset Retirement ObligationAsset Retirement Obligation

Reconciling an account often means proving or documenting that an account balance is correct. For example, we reconcile the balance in the general ledger account...

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Accounting / April 7, 2018 / Justice Buckley

Annuity Interest RatesAnnuity Interest Rates

Like the unadjusted trial balance, the adjusted trial balance accounts are usually listed in order of their account number or in balance sheet order starting...

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Accounting / April 5, 2018 / Willow Mccoy

Activity Based CostingActivity Based Costing

Current Assets represents those assets which can be easily transformed into cash within one year. On the other hand, current liabilities refers to those obligations...

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Accounting / April 2, 2018 / Leah Johns

Bank Reconciliation ProcessBank Reconciliation Process

In accounting, journals are used to record similar activities and to keep transactions organized. One of the journals is a cash receipts journal, a record...

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