Business Accounting Blog

Jourdain didn’t see her but Moberly claims she later recognised the woman when she saw a particular portrait of Marie Antoinette . I think you misread the overall tone in this thread. Saying no, there isn’t any physical basis to believe time-slips actually exist is not a negative tone, in this forum.

The operator said to me “are you getting in or what? I did jump in and the elevator went up a floor and everyone alighted. “No thanks, I need to go back” I replied an […]

Basic concepts to achieve basic objectives and implement fundamental qualities GAAP has four basic assumptions, four basic principles, and four basic constraints. These organizations influence the development of GAAP in the United States. Please help improve this section by adding citations to reliable sources. To achieve basic objectives and implement fundamental qualities GAAP has four basic assumptions, four basic principles, and four basic constraints. Circa 2008, the FASB issued the FASB ( […]

As such, the latter approach is the more conservative treatment of interest revenue. The interest income journal entry will increase both the income and assets in the income statement and the balance sheet respectively.
Recording interest allocates interest expenses to the appropriate accounts in your books.Now that you have calculated the amount of interest revenue earned, it’s time to enter the journal entry.She taught Accounting, Management, Marketing and Business Law at WV Business Co […]

Our accounting and internal controls professionals work alongside you to provide assistance on compliance, advise on critical business issues, and not only anticipate but navigate through each risk and opportunity. We don’t just help prepare you for financial events; we can help you anticipate what you’ll likely face by applying continuous rigor in both governance and process. So, whether you face executive transitions, financial distress, mergers & acquisitions (M&A), fin […]

Audit risk A combination of the risk that material errors will occur in the accounting process and the risk the errors will not be discovered by audit tests. Audit risk includes uncertainties due to sampling and to other factors . Audit committee A committee of the board of directors responsible for oversight of the financial reporting process, selection of the independent auditor, and receipt of audit results. Adverse An audit opinion that the financial statements as a whole are not in conform […]

For now, we will not worry about how much money you have in the bank, how much you owe on the credit card, etc. We want to simply build the framework for this chart of accounts. Use this to track your credit card receipts and reconcile your credit card statements. Credit cards represent a short-term loan that you are obligated to repay to the credit card company. This type of account can also be used for other short-term loans such as a line of credit from your bank. Again, equity accounts incr […]

Considering such factors, it is important for an analyst to estimate accurate cash flow for the purpose of bond valuation. Cash flow is the cash that is estimated to be received in future from investment in a bond.
Based on the discount rate for AMD’s equity, the discount rate for the bond is 7%, which we will assign to all of the following calculations to remain consistent. We can look up the bond rating of any company that issues debt by looking at any rating agency site. I personally u […]

Review your balance sheet each month, and use the analytical tools to assess the financial position of your small business. Use the balance sheet data to make better decisions and to increase profits. Ideally, a company can increase credit sales, while also minimizing accounts receivable. Increasing the turnover ratio means that a company’s financial health is improving. Your firm must be able to generate (more…) […]

OC 2 contains the provisions that apply to a financial institution’s cash transactions with a Federal Reserve Bank. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

To reflect the OC 2 and CSMOP changes and help your organization comply with new or revised depositing procedu […]

Comparing the company’s current income to the previous year’s provides a good sense of how the business is growing. Forces of supply and demand push market prices up and down throughout the trading day. Returning to the example, let’s assume that Company ABC has 1 million shares outstanding and Company XYZ has 100 million shares outstanding. In this case, Company ABC’s market cap would be $10 million (1 million shares x $10 per share) while (more…) […]