Then, in the second quarter, the effect of compounding would become apparent. You would receive another $25 in interest on the original $1,000, but you would also receive an additional $0.63 from the $25 that was paid […]

GAAP accounting rules require probable contingent liabilities—ones that can be estimated and are likely to occur—to be recorded in financial statements. Contingent liabilities that are likely to occur but cannot be estimated should be included in a […]

Catholic Charities creates lasting, data-driven solutions to some of the most pressing challenges in our community – homelessness, aging in isolation, generational poverty, HIV/AIDS, inequality, and immigration to name a few. NFPOs, by contrast, primarily do so […]

It means that your business is growing and more folks are willing to invest their time into your vision. This article presented outsourcing companies, explained each of them, and discussed the various aspects of outsourcing. A company […]

When an item is ready to be sold, it is transferred from finished goods inventory to sell as a product. You credit the finished goods inventory, and debit cost of goods sold. Every transaction that occurs in […]

You can also try these financial ratios for estimating profitability. Say a company has $5 million in debt and $10 million in shareholder equity. As a general rule, a lower debt to equity ratio is better as […]

Tata Motors Ltd had total Borrowings (including Long-term and Short-term borrowings) of INR 88,950 Cr on 31st March 2018. On 1st October, the Company increased its total Borrowings to INR 92,923 Cr. Calculate the total amount of […]

At the end of an accounting period, you must make an adjusting entry in your general journal to record depreciation expenses for the period. The IRS has very specific rules regarding the amount of an asset that […]

The first step on this professional path is enrolling in a bachelor’s degree program. In an accounting degree program, you learn the generally accepted accounting principles (GAAP) and other record-keeping and reporting practices. In Japan, a certified […]