Accounting

AITA was popularized by and is widely used in reference to r/AmITheAsshole, a Reddit forum dedicated to this activity. The goodwill to assets ratio measures the proportion of a company’s goodwill, which is an intangible asset, to its total assets. The usefulness of deriving net tangible assets, however, varies across industries. Medical device manufacturers, for example, have high levels of valuable intangible assets.
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Keeping your books in order is crucial for any start up business in order to track cash flow, financial growth and understand profitability. One of the biggest challenges for startups is finding the most compatible software that matches their needs as well as the legislative requirements. We have specific software experts on hand to help […]

The evaluation of obtained evidence determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization’s goals or objectives. These reviews may be performed in conjunction with a financial statement audit, internal audit, or other form of attestation engagement. The main purpose of an external audit is to validate a company’s financial statements and to provide assurance of the accuracy of financial report […]

Each company has its dollar value threshold for what it considers an expense rather than a capitalizable cost. With capitalized costs, the monetary value isn’t leaving the company with the purchase of an item, as it is retained in the form of a fixed or intangible asset. Long-term assets are reported on the balance sheet and are usually recorded at the price at which they were purchased, and so do not always reflect the current value of the asset. Long-term assets can be contrasted with c […]

She most recently worked at Duke University and is the owner of Peggy James, CPA, PLLC, serving small businesses, nonprofits, solopreneurs, freelancers, and individuals. Operating expenses are incurred during regular business, such as general and administrative expenses, research and development, and the cost of goods sold. David Kindness is a Certified Public Accountant and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and […]

’ but that won’t help them understand what’s important.” Andy Kaplan, CFO of DonorsChoose.org, is developing metric dashboards for staff that will pop up when they boot up their computers each day. “There will be common measurements for everyone and specific measures for specific jobs, to help them do their jobs and get them excited about seeing the results of their efforts,” said Kaplan. A financial asset is a non-physical, liquid asset that represents—and d […]