Case Studies & Interviews Learn how real businesses are staying relevant and profitable in a world that faces new challenges every day. July 30 Sold $7,000 of merchandise inventory, terms 1/15, n 30, FOB Shipping point with cost of goods sold $5,000 ... Read more
Accounting PolicyAccounting policies refer to the framework or procedure followed by the management for bookkeeping and preparation of the financial statements. It involves accounting methods and practices determined at the corporate level. An allowa... Read more
Harold Averkamp has worked as a university accounting instructor, accountant, and consultant for more than 25 years.... Read more
Contingent liability, sometimes referred to as indirect liability, is a responsibility that occurs based on the outcome of a particular event that provides coverage for losses to a third party for which the insured is vicariously liable. Depending on... Read more
Adam Hayes is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master's in economics from Th... Read more
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activi... Read more
Some reasons opinions may be qualified include scope limitations and departures from GAAP. ARSC was committed to clarifying the SSARSs literature in a manner similar to that used by the ASB in clarifying the auditing standards.... Read more
Service companies and computer software producers need a relatively small amount of fixed assets. Mainstream manufacturers typically have 25% to 40% of their assets in PP&E. Accordingly, fixed asset turnover ratios will vary among different industrie... Read more
For example, the sill style for a window sub-row object could be changed. Only one cell can be edited at a time; if you select multiple cells, only the first cell in the selection is changed.Then use the Data tab of the Object Info palette to edit th... Read more
Intermediate Accounting II completes the investigation of the current accounting concepts and standards underlying the financial statements of business enterprises that was begun in ACCT 101 and continued in ACCT 201. This course provides an introduc... Read more
