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Accounting Year Label

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Accounting / July 24, 2018 / Pearl Bailey

Managing AP and AR can be a bit of a juggling act. Staying on top of these accounts means the difference between properly tracking your purchases and potentially overpaying or...

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Accounting / August 3, 2018 / Pearl Bailey

In most cases, the only way to determine the fair value of an ARO is to use an expected present value technique, where the probabilities of several possible outcomes are...

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Accounting / August 3, 2018 / Sharon Hardin

Two departments, Accounts Payable (what you owe) and Accounts Receivable (what you’re owed), are responsible for keeping track of money coming in and money going out of your business....

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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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Logistic Regression ExampleLogistic Regression Example

Accounting / August 3, 2018 / Khloe Santiago

Cash flow from financing (CFF) activities is a category in a company’s cash flow statement that accounts for external activities that allow a firm to raise capital. In addition to...

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Linear Regression ExampleLinear Regression Example

Accounting / August 3, 2018 / Collins Barber

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 / Khloe Santiago

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 Cash in Checking to the...

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Accounting / August 3, 2018 / Holly Mercer

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 of 10,500 to be financed...

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