ContentSummary of the Effect of Market Interest Rates on a Bond's Issue PriceEffective Interest Amortization of Bond Premium or DiscountEffective Interest Method of Amortization FAQsFinancial Performance The primary advantage of using the effective interest rate is simply that it is a more accurate figure of actual...
ContentWhat is CapEx and OpExExamplesCapital expenditure vs Operating expenditure: What's the Difference?Repairs Vs. Capital Expenditures For example, the employees’ wages, leases, maintenance and repair cost, etc. The crux of the matter lies in the way these expenditures are accounted for in an income statement. CapEx...
ContentTraceable cost can become common cost:Distinguish between a traceable fixed cost and a common fixed cost. Give several examples of each.Definition of "Traceable Fixed Expenses"What Qualifies as General & Administrative Expenses in Sales?Financial AccountingCommon vs. Traceable Expenses As shown in Exhibit 5-3, the social media games...
ContentMeaningful monthly financial information (Profit & Loss, Balance Sheet)We’re here to help if:LS Bookkeeping & Tax ServicesOur Expert Team This company takes the mystery and tedium out of financial reporting and tax preparation by providing tax resolution services such as financial records bookkeeping, tax preparation, and...
A journal is a book or record of transactions that companies maintain to aid their financial accounting process. Once a company identifies any financial transaction, https://accounting-services.net/bookkeeping-colorado/ it must record it with the amount and any relevant details in a journal. From there, it goes...
Double-entry allows you to create other accounts to track money not yet received (accounts receivable) or paid (accounts payable), and goods held for sale (inventory). This is where a chart of accounts is needed to organize and track the details of each transaction. When using...
ContentWhat Are the Risks of Accounts Receivable?Intermediate Financial Accounting 1They Do Not Signify Business Profitability - Misconceptions About Accounts ReceivableFinancial Health - The Importance of Accounts Receivable in Accounting For their current fiscal period, companies can amortize their non-trade receivables if they are deemed uncollectible. Trade...