Arquivos da categoria:Bookkeeping

Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He […]

Content Definition of Cost Principle Alert: highest cash back card we’ve seen now has 0% intro APR until nearly 2025 Are there exceptions to the cost principle? I know that asset appreciation doesn’t show up using the cost principle. Should depreciation still be recorded? Recommended Reading – Understanding the Concept and Importance of the Historical […]

Content ASC 606 and SaaS Revenue Recognition Cash vs. Accrual Accounting Accounting for the costs of cloud computing arrangements to provide software-as-a-service under IFRS® Standards Bookings Gross Margin Who regulates accounting standards? Together, we’ve helped technology companies close hundreds of millions of dollars in equity and debt financing and have led over 50 M&A transactions. […]

5 If the auditor’s opinion on the complete financial statements was other than unqualified, the report should describe the nature of, and the reasons for, the qualification. The auditor should also consider the effect that any modification of the report on the complete financial statements might have on the report on the condensed financial statements or […]

Generally, most independent contractors have to submit taxes to the government every quarter. A Schedule C is a tax form filed with your personal tax return that helps you calculate the profit or loss from your business. Use it to tell the government how much you made (earnings), how much you spent (expenses), and if […]

Minor accounting errors can cause a company’s stock price to decline, resulting in additional financial difficulties. First and foremost, you must distinguish between offshore staffing and outsourcing as two distinct hiring models. For instance, while offshoring to a foreign country, US companies need to file an FBAR (Foreign Bank Account Report) for an aggregate value […]

The shipping expenses are held in inventory until sold, which means these costs are reported on the balance sheet in Merchandise Inventory. When the merchandise is sold, the shipping charges are transferred with all other inventory costs to Cost of Goods Sold on the income statement. When the company bears the transportation cost when making […]

The shipping expenses are held in inventory until sold, which means these costs are reported on the balance sheet in Merchandise Inventory. When the merchandise is sold, the shipping charges are transferred with all other inventory costs to Cost of Goods Sold on the income statement. When the company bears the transportation cost when making […]

Content What Monthly Accounting Services Include Managerial accounting Import Taxation Accounting for a Retail Store: An Ultimate Guide for Your Store What Is Retail Accounting? However, the rule is that businesses cannot switch from one method to another once they declare which approach they intend to use. But depending on the needs of your business, […]

A personal service corporation must use a calendar year unless they elect one of the exceptions. At the end of your fiscal year, you report on your business financial situation to your shareholders, or just to yourself. One reason a U.S. business or other organization will have its accounting year end on a date other […]