Bookkeeping 101

But did you know computers are also essential to an organization’s decision making? There are computer software and systems that help businesses analyze data in a scientific way to ease the decision-making process….

The exit multiple method calculates the terminal value by using a multiple at the end of the projection period. Typically, you use the NTM or LTM EBITDA multiple, but you could also use a revenue multiple. The one constraint is that if you’re perform…

They verify your personal information and other basic items, like if your dependents have already been claimed by someone else. Then they have a few days to approve your refund. They will take a more in-depth look at your return and your history. Aft…

The information on the cheque is processed using MICR reader which updates accounts and performs various other processes. The MICR number allows computers to rapidly internalize a check number, routing number, account number, and other numbers or inf…

RTGS is one of the main payment and settlement systems in India. To make a payment using RTGS, one requires details like name of the account holder, account number and the IFSC code of the bank. Money can be transferred from one bank account to anoth…

They are also called cost accountants, managerial accountants, industrial accountants, private accountants, or corporate accountants, but they all perform similar functions within a company. Preparing data for use within a company is one of the featu…

For example, grocery stores should have enough aisle space for shoppers to move their carts and accompanying toddlers around when they are doing their shopping. Retailers may often move items to the front of the shelves to avoid giving the impression…

Manufacturing and merchandising businesses may use accounts named Cost of Goods Sold or Cost of Goods Manufactured. As with any debit account, all of these accounts are increased by debits and decreased by credits. If the purchase price of the mercha…

Service companies do not sell tangible goods to produce income; rather, they provide services to customers or clients who value their innovation and expertise. Examples of service companies include consultants, accountants,financial planners, and ins…

The fee is $450 and is paid when you register for your first Level I exam. You can consider this your application fee since you have to pay this in order to apply for the CFA® exam….