Accounting Articles

Operating Cash Flow Formula

Hence, the analysis has to be multidimensional when it comes to net cash flow. Stock-based compensation must be recorded as an expense on the income statement, but there is no actual outflow of cash. Since the company pays the CEO, CFO,. Read more

Accounting Vs Finance

If the company is subject to an IRS audit, then government auditors are going to start their analysis with these statements. You will also hear the income statement being referred to as the “Profit and Loss Statement”.... Read more

Unfavorable Variance Definition

Firstly, you may decide to adjust your budget to ensure it remains realistic. Finally, you could adjust internal processes to eliminate inefficiencies and wastage, thereby improving your bottom line.... Read more

Business Accounting Policy Manual

At the end of the accounting period, the accountant must prepare the adjusting entries to update the accounts that are summarized in the financial statements. Business transactions are recorded in a journal in a chronological order using the double-e... Read more

Degrees And Certificates A Business Owner Needs

SBA Funding Programs - The SBA offers resources to help you find lenders, secure investment capital, win grants, and more. Microlenders and nonprofit lenders are other options. These lenders often seek out minority or disadvantaged entrepreneurs. Aft... Read more

Accrual Accounting

To change accounting methods, you need to file Form 3115 to get approval from the IRS. The completed contract method enables a company to postpone recognizing revenue and expenses until a contract is completed. It is the determination of these costs. Read more

Cost Recovery Method Of Revenue Recognition

Company A chooses a payment method that lets him use recurring payments, paying $20,000 immediately, and $20,000 per annum over the next four years. Learn accounting fundamentals and how to read financial statements with CFI’s free online accou... Read more