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Accounting / July 22, 2018 / Collins Barber

This can be calculated as total sales (income) less the costs (expenses) directly related to those sales. Raw materials, manufacturing expenses, labor costs, marketing, and transportation of goods are all...

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Earning StatementEarning Statement

Accounting / August 3, 2018 / Pearl Bailey

Probability distribution. When calculating the expected present value of an ARO, and there are only two possible outcomes, assign a 50 percent probability to each one until you have additional...

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Example Of ProjectionExample Of Projection

Accounting / August 3, 2018 / Pearl Bailey

A tangible, long-term asset used for the business and not expected to be sold or otherwise converted into cash during the current or upcoming fiscal year is called a fixed...

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Logistic Regression ExampleLogistic Regression Example

Accounting / August 3, 2018 / Khloe Santiago

I recall being asked to reconcile the general ledger account Freight Payable. What I needed to do was provide documentation that the balance in Freight Payable was proper. I proceeded...

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Current Assets ExamplesCurrent Assets Examples

Accounting / August 3, 2018 / Willow Mccoy

In the context of corporate financial reporting, the income statement summarizes a company's revenues (sales) and expenses, quarterly and annually for its fiscal year. The final net figure, as well...

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Recognition ExamplesRecognition Examples

Accounting / August 3, 2018 / Sharon Hardin

A capital lease is a lease in which the lessor only finances the leased asset, and all other rights of ownership transfer to the lessee. This results in the recordation...

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Accounting / August 3, 2018 / Khloe Santiago

Accounts receivable aging is a periodic report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding. It is used as a gauge...

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Accounting / August 3, 2018 / Pearl Bailey

You, as the owner of your business, have the task of determining the right amount to invest in each of your asset accounts. You do that by comparing your firm...

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