Accounting

For example, if a customer downgrades their plan to a less expensive option, they’re likely to have paid more than their expected usage. As a result, they may need to be given prorated credit, because they’re owed cash for the price difference. Of course, if a customer upgrades to a more expensive plan, their monthly bill may need to be increased to reflect the standard of service that they actually received. Prorated billing can ensure that the customer pays the difference. Or they […]

Election experts previously told Spotlight PA and Votebeat there are several areas of the Election Code that could be clarified to improve the uniformity of elections in Pennsylvania. But they have emphasized that none of the issues that occurred last November were significant enough to sway the presidential election. On Tuesday, Dush used a committee hearing on post-election audits to raise questions about the ballot-counting processes, with some philosophical flourishes.

They can follow the […]

They each refer to the way in which a financial statement is read, and the comparisons that an analyst can draw from that reading. Both types of analysis are critical to gaining an accurate understanding of the information provided in a financial statement. The statement of shareholders’ equity is a financial statement that details changes in the equity held by shareholders, whether those shareholders be public or private investors. While the specific data contained within each financial […]

See how we help organizations like yours with a wider range of payroll and HR options than any other provider. For advanced capabilities, Workforce Management adds optimized scheduling, labor forecasting/budgeting, attendance policy, leave case management and more. Charlene Rhinehart is an expert in accounting, banking, investing, real estate, and personal finance.
Under absorption costing, $3 in costs would be assigned to each automobile produced. Gross profit refers to a company’s profi […]

They talk to employees of the company who are involved with those specific accounts, even if peripherally, to see who may have committed the fraud or who may have information pertaining to the fraud. So, it’s imperative that auditors understand the accounting system and—more importantly—related controls. The revised ISA is effective for audits of financial statements for periods beginning on or after December 15, 2004. Read more aboutinternal controlsin the context of overall best practic […]

Financial statement analysis is the process of understanding the risk and profitability of a firm through analysis of reported financial information. Ratio analysis is a foundation for evaluating and pricing credit risk and for doing fundamental company valuation. A financial ratio, or accounting ratio, is derived from a company’s financial statements and is a calculation showing the relative magnitude of selected numerical values taken from those financial statements. Assessing the healt […]