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Accounting Cycle 8 Steps Label

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Post Closing Trial Balance ExamplePost Closing Trial Balance Example

Accounting / August 2, 2018 / Justice Buckley

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

Accounts payable turnover ratio (also known as creditors turnover ratio or creditors’ velocity) is computed by dividing the net credit purchases by average accounts payable. It measures the number of...

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

Accounting / August 3, 2018 / Holly Mercer

Working Capital Cycle or popularly known as operating cycle, is the length of time between the outflow and inflow of cash during the business operation. It is the time taken...

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Linear Regression ExampleLinear Regression Example

Accounting / August 3, 2018 / Collins Barber

The use of "standard" leases is just a negotiating tactic, and not one that usually favors the tenant. The cost of renting property for your business will be one of...

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Accounting / August 3, 2018 / Khloe Santiago

The value of any asset can be said to depreciate when it loses some of that value in increments over time. Depreciation occurs due to wear and tear. Various methods...

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Ratio ExamplesRatio Examples

Accounting / August 3, 2018 / Pearl Bailey

Reconciliation is particularly useful for explaining the difference between two financial records or account balances. Some differences may be acceptable due to the timing of payments and deposits. Unexplained or...

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Working Capital ExampleWorking Capital Example

Accounting / August 3, 2018 / Ariyah Lang

Under IFRS, there are two ways of presenting interest in the cash flow statement. Many companies present both the interest received and interest paid as operating cash flows. Others treat...

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Pro Forma Financial StatementsPro Forma Financial Statements

Accounting / August 3, 2018 / Willow Mccoy

Cash from operating activities usually refers to the net cash inflow reported in the first section of the statement of cash flows. Cash from operating activities focuses on the cash...

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