Stock options – The notes also contain information about stock options granted to officers and employees, including the method of accounting for stock-based compensation and the effect of the method on reported results. Current liabilities are obliga... Read more
Goodwill cannot exist independently of the business, nor can it be sold, purchased, or transferred separately. As a result, goodwill has a useful life that is indefinite, unlike most of the other intangible assets. There are competing approaches amon... Read more
Your grade for the exam will be calculated as soon as you complete it. If you do not pass the exam on your first try, you can take it again as many times as you want, with a 7-day waiting period. Read more
Celes recently shared the latest iteration of her budget template on Reddit, which has an active and growing personal-finance community. The post has over 10,000 upvotes — a sign of approval from fellow Reddit users. See where all your money goes. Read more
In that case, you will debit the depreciation expense and credit the accumulated depreciation for the same amount to reflect the asset's net book value on the balance sheet. Subtracting accumulated depreciation from an asset's cost results in the ass... Read more
An accountable person must ultimately answer for a result, while a responsible person is the one who actually completes the task. Responsibility is task-oriented and can be divided up among several people. Every team member may be responsible for com... Read more
Buildings are listed at historical cost on the balance sheet as a long-term or non-current asset, since this type of asset is held for business use and is not easily converted into cash. Since buildings are subject to depreciation, their cost. Read more
See how Annie’s total assets equal the sum of her liabilities and equity? If your books are up to date, your assets should also equal the sum of your liabilities and equity. Liabilities are debts or other obligations in which your. Read more
Monthly reconciliation is the only way you can be confident you’ve picked up all the activity in an account. RealtyZam is only for self-employed individuals―not corporations, partnerships, or LLCs―because it doesn’t track assets and liabi... Read more
It simplifies the process of managing customers by consolidating all the information. Account Management Make the teams collaborative, and manage the sales funnel accordingly. Account Management is made easy by maintaining and tracking the informatio... Read more
