Revenue recognition Wikipedia
Public companies in the U.S. must abide by generally accepted accounting principles, which sets out principles for revenue recognition. This prevents anyone... Read More
6 4 Format of the statement of cash flows
Recall that when a company purchases a fixed asset during a calendar year, it must pro-rate the first year’s 12/31 adjusting entry... Read More
Depreciation: A Beginner’s Guide with Examples
A way to figure depreciation for property that ratably deducts the same amount for each year in the recovery period. The rate... Read More
Contingent Liability How to Use and Record Contingent Liabilities
Some of the common contingent liabilities examples are product warranties, pending investigations, and potential lawsuits. Contingent liabilities are those that are likely... Read More
23 Ways to Increase Cash Flow in 2023
However, an agile company needs the freedom to deviate from the budget without causing undue stress on its health, goals or people.... Read More