If you’ve taking an intermediate accounting class, or studying for the CPA exam, you may struggle with the statement of cash flows. You’re not alone. This discussion explains these concepts using screenshots from spreadsheets. Links to the You Tube videos that explain the topics are here and here. Where did you cash […]
If you’ve taking an intermediate accounting class, or studying for the CPA exam, you may struggle with accounting for deferred tax assets and liabilities. You’re not alone. This discussion explains these concepts using screenshots from spreadsheets. Links to the You Tube videos that explain the topics are here and here. Book […]
If you’ve taking an intermediate accounting class, or studying for the CPA exam, you may struggle with the effective interest method for bond accounting. You’re not alone. I’ve always thought that this topic was difficult for many instructors to teach. I started my career as a financial advisor, and my entire client base […]
Whether you’re studying for the CPA exam, or taking an Advanced Accounting course, you may have trouble with accounting for consolidations. Use these tips- and the video link- to understand the accounting process. #1- What’s a Consolidation? A consolidation means that two companies present their financials as if they are one company. […]
What, exactly, is a pension, and how does the accounting work? Both CPA exam candidates and undergraduate accounting students struggle with this concept, so I thought I’d explain the basic concepts here. Pension- Defined A corporate pension is a written agreement that requires a business to pay a former employee a series […]
Inventory is often the largest account balance in the balance sheet, and accountants must get inventory valuation right. If you’re studying for the CPA exam, taking an undergraduate accounting course- or managing a business- this concept can be difficult. What is inventory valuation? When you add an item to inventory, you […]
Losing a loved one is difficult. The last thing you want to do when you’re grieving is to look after everything that your loved one has left behind. However, it’s important that someone does take ownership so that everything can be sorted within a timely manner with as few issues as possible. […]
Before offering you’re a home loan, mortgage lenders want to be certain that you will pay them back. This often involves looking at your finances and then assessing whether they can trust you. But what exactly is it that mortgage lenders look for? Here are some of the main factors that lenders like to […]
As a contributing writer for QuickBooks, I think about the problems that many company owners face, and how to overcome them to grow the business. I’m a big proponent of using technology to work efficiently, particularly accounting software programs. But should you use QuickBooks Desktop or the Online version? Read on to decide […]
If you’ve been involved in an accident that was not your fault, you’re probably aware of the fact that you may be entitled to compensation. However, a lot of people worry about making a claim, as they are concerned that they will not be able to afford the attorney costs. This is an understandable […]