Implicit and Explicit Meaning Chris McCandless and Carine McCandless Understanding how Krakauer
If your company’s upper management echelons are only staffed by white men, unconscious biases are determining which employees are promoted. Make it a priority to diversify your management team so that more voices and backgrounds are represented. Take tests to figure out which of your individual perceptions are most likely to be governed by unconscious […]
Trade receivables Definition & importance
They are almost always classified as current because their normal collection period is part of, and therefore less than, the operating cycle. Often a company will take a week or two (or longer) to get an invoice out after its product has been delivered or it has finished providing a service. When invoicing is delayed, […]
What Are Current Liabilities?
If a business has declared a dividend but not yet paid it, this will also be a current liability. When the board of directors declare dividends to shareholders but remains unpaid, such amount will be recognized in books of accounts as dividends payable. Until the amount is paid to the shareholders of the company, the […]
Current Liabilities Definition, How To Calculate, Examples
Your company’s current ratio and quick ratio are two items a lender can look at in determining your company’s liquidity. Interest payable can also be a current liability if accrual of interest occurs during the operating period but has yet to be paid. Interest accrued is recorded in Interest Payable (a credit) and Interest Expense […]
Distribution costs: key notes and how to reduce
If a company buys a piece of machinery, the cash flow statement would reflect this activity as a cash outflow from investing activities because it used cash. If the company decided to sell off some investments from an investment portfolio, the proceeds from the sales would show up as a cash inflow from investing activities […]
How to Calculate Maturity Value: Definition and Formulas
Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Once you know the YTM, you can decide if it’s a worthwhile investment for you. If the YTM isn’t high enough for the risk, you may decide against it, and vice versa. If you’d rather not deal with the YTM formula […]
1 1 Financial statement presentation and disclosure requirements
As GAAP issues or questions arise, these boards meet to discuss potential changes and additional standards. For instance, when the COVID-19 pandemic hit, the board members met to address how governments and businesses must report the financial effects of the pandemic. Without regulatory standards, companies would be free to present financial information in whichever format […]
Independent Contractor vs Employee
Some states like California impose more stringent requirements for classifying workers as independent contractors, and lawmakers at the state and federal levels change or add new tests from time to time. The Voluntary Classification Settlement Program is an optional program that provides businesses with an opportunity to reclassify their workers as employees for future employment tax purposes. […]
Fund accounting definition
Additionally, fund accounting is the only way to show the church a consolidated financial statement for all funds. This type of report shows how the organization is doing financially overall. The main purpose is to maintain accountability and transparency for the money received from donors and grants. It tracks the amount of money allocated to […]
How to Do Bookkeeping For Shopify Shopify Guide
In this article, you’ll learn all about the world of lot traceability. Click “Create invoice” in your Katana sales view, and an invoice is sent automatically to your QuickBooks Online account. Once done, you’ll see a pretty little icon to show the sync is complete. And it’s easily readable and shareable Bookkeeping for shopify for your accountant […]