Accounting

If the undiscounted cash flows from the asset group are less than its carrying amount, the asset group is considered to be impaired and testing advances to a second step. In adopting SFAS 142, the FASB noted that previous standards provided little guidance about how to determine and measure goodwill impairment. As a result, accounting for goodwill impairments was not consistent or comparable and created information of little usefulness. In contrast, SFAS 142 provided specific guidance for testi […]

Deciding what to charge your clients is often a difficult process. You will want to do your research before pricing your services, and you will also want to maintain some level of flexibility to adjust your rates in the future. For a bookkeeping business, you may also want to include information regarding your niche and […]

Note that when you file jointly, the IRS holds both of you responsible for the taxes and any interest or penalties due. This means you could be on the hook if your spouse doesn’t send the check or flubs the math. After the IRS accepts your Married Filing Separately tax return, if you need, you still can amend your return to a Married Filing Joint filing status return for up to 3 years after the original tax deadline . Find out how to file an amended tax return. If you can claim the standa […]

An accrued expense can be an estimate and differ from the supplier’s invoice that will arrive at a later date. Following the accrual method of accounting, expenses are recognized when they are incurred, not necessarily when they are paid. Because the company actually incurred 12 months’ worth of salary expenses, an adjusting journal entry is recorded at the end of the accounting period for the last month’s expense. The adjusting entry will be dated Dec. 31 and will have a debi […]

Sign Up NowGet this delivered to your inbox, and more info about our products and services. A marketer wanting to purchase an ad on YouTube has a slew of options, including skippable or nonskippable ads that appear before, after, or in-stream of the video, video discovery ads and masthead ads. “Usually, the more competitive and more expensive an industry is, the more expensive the bid is going to be,” said Joe Balestrino, a digital marketing specialist.

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We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. In this respect, a nonrecurring item might qualify as an unusual or infrequent item, but not both. Earnings before interest, taxation, depreciation, amortization, and special losses is a measure of profitability that is roughly analogous to net income. The indirect method uses changes in balance sh […]