Bookkeeping

A Guide To Liquidity In Accounting

A Guide To Liquidity In Accounting

” It is important to investors as it represents the profit for the year attributable to the shareholders. The important thing to remember about an income statement is that it represents a period of time. This contrasts with the balance sheet, which r...
Present Value Calculator

Present Value Calculator

The time value of money is the concept that a sum of money has greater value now than it will in the future due to its earnings potential. Future value is the value of a currentassetat a specified date in the future based on an assumed rate of growth...
Understanding Depreciation And Amortization
Accrued Vs Deferred Revenue

Accrued Vs Deferred Revenue

As specified byGenerally Accepted Accounting Principles , accrued revenue is recognized when a performance obligation is satisfied by the performing party. For example, revenue is recognized when the customer takes possession of a good or when a serv...
What Is Process Costing?

What Is Process Costing?

Finally, the value of using a process costing system is to collect data to make improvements in your business. The first dollars spent in a process costing system are for materials. That’s because you purchase materials before you pay workers to do s...