Using ratios from the balance sheet, like debt-to-equity, helps compare a company’s health to others. In accounting, the normal balance of an account is the type of net balance that it should have. The prudence concept is a core accounting principle that means choosing conservative methods to understate assets and overstate liabilities, anticipating potential losses…

During its early years, the AAU served as a leader in international sport representing the U.S. in the international sports federations. The AAU worked closely girls basketball with the Olympic movement to prepare athletes for the Olympic Games. The philosophy of «Sports for All, Forever,» is shared by nearly 800,000 participants and over 150,000 volunteers.…

Together, these figures should produce the company’s approximate revenue, from which various expenses and tax liabilities may then be deducted. Other revenue (a.k.a. non-operating revenue) is revenue from peripheral (non-core) operations. For example, a company that manufactures and sells automobiles would record the revenue from the sale of an automobile as «regular» revenue. The combination…

Macros are recorded sets of actions that can be played back at any time with just a few clicks – like a pre-programmed shortcut. Every time you get paid, you need to update your charts of accounts and general ledger. This will be a piece of cake if you’ve got a separate sheet to track…

Discover the most affordable online accounting degree programs to advance your education. The National Center for Education Statistics (NCES) tuition data above indicates that Utah higher education is rather affordable. In-state tuition averages just $6,557 at public four-year schools and just $3,781 at public two-year schools. Associate Degree in Accounting Additionally, consider reaching out to…

The tax burden refers to the overall cost of taxes borne by individuals and businesses. The payroll tax burden is calculated using a percentage assumption applied to the payroll. For example, if the payroll is $1,000 and the burden rate is 10 percent, the burden is an extra $100. In most cases, a company’s payroll…

From an accounting perspective, the share premium account is recorded on the balance sheet under shareholders’ equity, separate from the common stock or share capital account. Share premium is the difference between the issue price and the face value of shares issued. It represents the amount of money that investors pay over and above the…

Recent research additionally incorporates psychological insights and the application of technology interventions and investigates their impact on the likelihood of fraud detection by the auditor. A good example would be a hypothetical setting dealing with the feasibility of high-effort audits with a fixed probability, disregarding the specific audit setting (e.g., initial audit and follow-up audit).…

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Marginal costing presents information in such a way so as to enable management to know the price limits within which it can operate. If the total shut down cost is less than the loss to be incurred if the operation is continued, then the operation should be suspended. The company wants that someone else to…