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Accounting / July 22, 2018 / Collins Barber

Some costs are difficult to assign through this method of cost accounting. Indirect costs, such as management and office staff salaries, are sometimes difficult to assign to a product. For...

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Earning StatementEarning Statement

Accounting / August 3, 2018 / Pearl Bailey

A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of...

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Accounting / August 3, 2018 / Khloe Santiago

Like plain-vanilla corporate bonds, convertibles pay income to investors. But unlike bonds, they have the potential to rise in price if the company’s stock performs well. The reason for this...

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Accounting / August 3, 2018 / Khloe Santiago

Sales is the exchange of products or services for money, either paid for now or in the future. When your business provides a product to a customer in exchange for...

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Accounting / August 3, 2018 / Willow Mccoy

The good news is that you don’t have to be an accountant or a financial planner to negotiate in the world of business finance. Here are some business finance terms...

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Accounting / August 3, 2018 / Sharon Hardin

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, liabilities, and owner's equity as...

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Accounting / August 3, 2018 / Pearl Bailey

A Cash receipts journal is a specialized accounting journal and it is referred to as the main entry book used in an accounting system to keep track of the sales...

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Accounting / August 3, 2018 / Pearl Bailey

Cash flow from operating activities (CFO) is an accounting item that indicates the amount of money a company brings in from ongoing, regular business activities, such as manufacturing and selling...

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