Simple Explanation of Pro Forma Financial Statement
Obviously, no one can predict the future and there is a good chance that unexpected events will happen and the actual performance of your company will not match your financial projections. Nonetheless, thoroughly investigating future trends and makin...
Chart of Accounts Explained
Since these names are often unique and are based on the needs of a particular business, it is helpful to have a list of accounts that a company uses. This way, all the employees know which accounts can be used to record the transactions. This listing...
Depreciation Expense Meaning and Calculation Methods
The straight line method is the most common due to its simplicity and unpretentiousness. To determine the amount of monthly depreciation deductions using this approach, it is necessary to know the initial cost of the object, its operational life and ...