Liquidity Coverage Ratio LCR: Definition and How To Calculate
The ratio indicates the ability of the business to pay off its short-term loans without the need to raise external capital, such as via the selling of assets. There is…
Difference between Salaries and Wages
So, if clients pay with a check or credit card, accrual accounting allows business owners to record the amount as money in. Similarly, if a business expenses something, it can…
Control Accounts
So, it will tell you the total collections and total receivables you owe from your customers. Simply put, as you know in large organizations there are numbers of customers as…
Solved Stake Company reported the following summarized balance sheet
The statement of retained earnings can be created as a standalone document or be appended to another financial statement, such as the balance sheet or income statement. The statement can…
Davis Polk Rescinded Job Offers for Columbia and Harvard Students, but It May Reverse Itself The New York Times
The Board issued an amended IAS 1 in September 2007, which included an amendment to the presentation of owner changes in equity and comprehensive income and a change in terminology in…
SOLVED: Which of the following statements is true about a general ledger?It is also called the book of original entry It is a list of all the active accounts and each account’s debit or credit balance of a company.It is the collection of all the individual financial statement accounts that a company uses.It is used to prove the equality of debits and credits.
In contrast, regular entries are made as and when transactions occur. If, for example, you receive a $20,000 research grant that you don’t have to pay back, you just note…
ACCA PM Notes: D4c Materials total, price and usage variances
In a movie theater, management uses standards to determine if the proper amount of butter is being used on the popcorn. They train the employees to put two tablespoons of…
Javier Milei: Frontrunner In Argentina’s Presidential Race
You don’t have to have a computer science degree to configure automations that keep you up-to-date on all things lead time. Easily set up automations with simple ‘if [this], then…
Welcome to Idaho State Tax Commission
In such a case the Member State has to submit a revision to the NAT, a NAT Change. Once the Commission adopts its decision on the NAT Change, the amount…
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
Although it is not realized in the books of accounts, a contingent liability is credited to the accrued liabilities account in the journal. Even if the outcome is based on…