Multi-entity accounting requirements are required of multi-entity groups and conglomerates. These requirements include intercompany eliminations, foreign [...]
The general ledger provides a breakdown of all accounting activities by account. This allows a bookkeeper to monitor financial positions and statuses by [...]
Chartered accountants often enter consultancy roles as well, providing strategic financial advice to various organizations. Many also choose to establish [...]
You can classify the commission expense as part of the cost of goods sold, since it directly relates to the sale of goods or services. It is also acceptable [...]
Compliance with financial laws and regulations is crucial to any business operation. We work with ambitious leaders who want to define the future, not hide [...]
They ask very little of you, so you can sit back and watch them grow. Once you've made your initial choices, you don't need to give them further attention. [...]
The upside potential of preferred stock is capped, whereas common stock has unlimited upside potential. The price of preferred stock generally changes slowly [...]
Retained earnings must be reported at the end of each accounting period. Comparing your retained earnings from one accounting period to the next can help [...]
This income statement shows that the company brought in a total of $4.358 billion through sales, and it cost approximately $2.738 billion to achieve those [...]