Accounting

If your direct costs are also high, you won’t be turning much of a profit. Variable costs are expenses that change based on how many items you produce or how many services you offer. For example, you would spend more money producing 200 toys as opposed to 100 toys.
So far, this discussion of COGS has focused on GAAP requirements, but COGS also plays a role in tax accounting. Businesses that hold physical inventory—such as manufacturers, retailers and distributors—are required to calculate […]

A convertible security, such as convertible preferred stock, is any security that can be converted into another. As a result, recent studies find that those affected banks reclassified investment securities from AFS to held to maturity or classified newly acquired securities as HTM to mitigate the increase in regulatory capital volatility. These studies suggest that OCI can be a significant factor affecting financial institutions’ asset portfolio management.”

Statement no. 130 does […]

On the other side of the table, we have the sources of capital, which represent where the funding for the transaction comes from. Since the building isn’t sold until the end of year 5 this is $0 in year 1.
This is asummaryfiscal activityyear-to-date report andnotintended formonthlyordetailedinformation. TheBalance Summary report can provide any detailed information required. The report will generally allow you to drill down to theBalance Summary for more details on the selected attribute. […]

The majority of MRP systems are software-based, though there are some instances where this is not the case, for instance, some smaller manufacturers may still use a pen and paper to plan their manufacturing planning. MRP I refers to Material Requirements Planning – a resource planning and inventory control method first developed and used in the middle of the 20th century. To further monitor your progress, ProjectManager has a live dashboard that delivers real-time data, so you know immediately […]

Working Capital is the money used for running the daily activities of a business. GAAP requires a company to use an indirect method to compute the figure as it gives all the necessary information and covers the same. Inventory is reduced in an OCF as inventory increase leads to a decrease in cash. This will mean that you’re increasing capital without the need for investments or funding. One of the ways small businesses can stand out from the competition is by having great customer service […]

Tax accounting under section 446 emphasizes consistency for a tax accounting method with references to the applied financial accounting to determine the proper method. The taxpayer must choose a tax accounting method using the taxpayer’s financial accounting method as a reference point. Wolters Kluwer is a global provider of professional information, software solutions, and services for clinicians, nurses, accountants, lawyers, and tax, finance, audit, risk, compliance, and regulatory sec […]