Accounting

Best Lease Accounting Software 2021

Best Lease Accounting Software 2021

This includes the selling profit and any initial direct costs for which recognition is deferred. For an operating lease, the company will create an expense instead of a liability, allowing the company to obtain financial funding – often referred to as “off-balance-sheet financing”. A leveraged lease is a lease agreement that is financed through the lessor, usually with help from a third-party financial institution. Lease accounting software that enables organizations to automate com […]

Cost, Insurance, And Freight Cif Definition

Cost, Insurance, And Freight Cif Definition

Cost, insurance, and freight only applies to goods transported via a waterway, sea, or ocean. In a global economy, companies can gain a lot by doing business with firms outside of the United States. When doing so, you need to know what your shipping costs will be. When sending products across the country or overseas, familiarity with certain documents and types of charges can prevent confusion and losses for your company.

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Cost Drivers Definition, Examples

Cost Drivers Definition, Examples

In the past century, the root cause of indirect manufacturing costs has changed from a single cost driver to several cost drivers. Due to sophisticated manufacturing and increased demands from customers, direct labor is no longer the main cost driver of indirect manufacturing overhead. The concept is most commonly used to assign overhead costs to the number of produced units. It can also be used in activity-based costing analysis to determine the causes of overhead, which can be used to minimiz […]

Pdf Financial Accounting Study Guide

Pdf Financial Accounting Study Guide

Use the time table below to determine how much study time you will need to fully prepare for this exam. This course contains 13 individual chapters comprised of 122 lessons in video or text formats.
This self-paced course allows you to study whenever it’s most convenient for your schedule. A guide to accounting for users who are interested in understanding accounting reports. This section explains what users need to know to understand and analyze accounting information provided in the fin […]

De Minimis Fringe Benefits

De Minimis Fringe Benefits

We’re looking forward to increasing our first-time insurance exam pass rates with , like we did with securities licensing training. The only reason I failed the first time is that I didn’t take enough timed practice exams. My advice is to take practice exams until you are blue in the face. 10 percent of the total U.S. basis of all the RFAs immediately after the CAA. A deduction of the full $240,000 in the year the desks are placed in service is applicable, rather than a deduction of […]

Annualized Income Installment Method

Annualized Income Installment Method

Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance (identified as “UT”). Any tax on excess contributions to an IRA, Archer MSA, Coverdell education savings account, health savings account, and ABLE account. Your share of the gross fishing income from a partnership, S corporation, estate or trust from Schedule K-1 , Schedule K-1 , or Schedule K-1 . Your share of the gross farming income from a partnership, S corporation, estate or trust from […]