Perpetual Inventory System – Meaning, Advantages And More
Perpetual Inventory System is a method in accounting for calculating inventory immediately after the sale and purchase with the use of computerized point-of-sale systems… Read Article
Bank Reconciliation Statement
A bank reconciliation statement is a synopsis of banking activities that matches a business entity’s ledger transactional records. A bank reconciliation statement is an… Read Article
Corporation
A corporation is a group of people or organizations who are authorized to form a single legal entity separate from its owner. It does… Read Article
FOB Shipping Point – Meaning, Example And More
FOB Shipping Point or ‘Free on Board Shipping Point’ or ‘FOB Origin’ is a shipping term indicating that a buyer must pay for the… Read Article
Sustainable Growth Rate or SGR
Growth is a significant success factor for any firm. The growth in revenue, profit, asset base, or other things helps to measure the growth… Read Article
Statement of Retained Earnings
What is the Statement of Retained Earnings?A statement of Retained earnings is an important financial statement that discloses the amount of retained earnings. Retained… Read Article
Operational Due Diligence – A Framework
As part of overall due diligence, the operational due diligence process helps to understand the operations and the business model of the target company.… Read Article
Classified Balance Sheet – Meaning, Importance, Format And More
The classified balance sheet shows various information under different subcategories. In simpler terms, the major items such as assets, shareholders’ equity & liabilities, and… Read Article
Allowance for Doubtful Accounts – Meaning, Accounting, Methods And More
Most businesses sell their goods and services on credit. However, not all customers end up paying the money they owe to a company. Though… Read Article
Gross Income
Gross income is the total amount of money that an individual earns before any deductions of taxes. For example, an individual receives $3000 as… Read Article
Present Value Table – Meaning, Important, How To Use It
A Present Value table is a tool that assists in the calculation of present value (PV). To get the present value, we multiply the… Read Article