Comprehensive Income – Meaning, Purpose, And More
Comprehensive Income is the change in owner’s equity for a period excluding any contribution from the owner. In simple terms, it is total of all revenues, gains, expenses, and …
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 and enterprise asset management. In …
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 effective internal control system suitable …
Corporation
Corporation- Meaning A corporation is a group of persons or organizations who are authorized to act as a single entity separate from its owners recognized as such in law. It …
FOB Shipping Point – Meaning, Example And More
FOB Shipping Point or ‘Free on Board Shipping Point’ or ‘FOR Origin’ is a shipping term indicating that a buyer must pay for the delivery of the goods. This …
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 of the business. Both high …
Statement of Retained Earnings
What is the Statement of Retained Earnings? Statement of Retained earnings is an important financial statement that discloses the amount of retained earnings. Retained earnings here is the proportion …
Operational Due Diligence – A Framework
A part of overall due diligence, operational due diligence is a process that helps to understand the operations and the business model of the target company. During a merger …
Classified Balance Sheet – Meaning, Importance, Format And More
Classified Balance Sheet shows various information under different subcategories. In simpler terms, the major items such as assets, shareholders’ equity, and liabilities and so on are further sub-categorized. The …
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 companies take measures to recover …
