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Accounting Cheat Sheet Label

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Gaap AccountingGaap Accounting

Accounting / July 22, 2018 / Collins Barber

Activity based costing (ABC) assigns manufacturing overhead costs to products in a more logical manner than the traditional approach of simply allocating costs on the basis of machine hours. Activity...

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Depreciation Tax ShieldDepreciation Tax Shield

Accounting / July 16, 2018 / Ariyah Lang

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 Receivables Turnover Ratio the better...

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Year To Date Profit And Loss StatementYear To Date Profit And Loss Statement

Accounting / August 3, 2018 / Holly Mercer

In effect the capital lease accounting treatment deals with asset as it it had been purchased using a loan as finance. The asset is depreciated as normal over the term...

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Example Of ProjectionExample Of Projection

Accounting / August 3, 2018 / Pearl Bailey

An accounts receivable aging is a report that lists unpaid customer invoices and unused credit memos by date ranges. The aging report is the primary tool used by collections personnel...

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Recognition ExamplesRecognition Examples

Accounting / August 3, 2018 / Sharon Hardin

An income statement is a financial statement that reports a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business...

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Logistic Regression ExampleLogistic Regression Example

Accounting / August 3, 2018 / Khloe Santiago

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 cash, credit, or loans—and all...

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Ratio ExamplesRatio Examples

Accounting / August 3, 2018 / Pearl Bailey

Receipts are the amount of cash a business takes in during any one accounting period. Receipts are cash sales, as well as money received on a customer's account. Receipts also...

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Accounting / August 3, 2018 / Pearl Bailey

A lease agreement is a legally binding contract between a landlord and a tenant. The tenant has agreed to occupy the property for a fixed term, usually a year. There...

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Accounting / August 3, 2018 / Khloe Santiago

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 of all of the cash...

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Examples Of Assets

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Nonprofit Statement Of Activities

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