Content Carrying Value of Bonds What Is an Example of a Bond? Alternatives to Buying Bonds Directly What Is Duration and How Does That Affect Bond Valuation? Issuers of Bonds What are the different types of bonds? How Do Bond Ratings Work? As the timeline indicates, the corporation will pay its bondholders 10 semiannual interest Read more about Recording Entries for Bonds Financial Accounting[…]
Content Analyzing a balance sheet with ratios What are the common balance sheet classifications? Equity Classified Balance Sheet: Definition, Components & Examples Using Unclassified Balance Sheets Classified Balance Sheet Example Balance Sheet vs. Income Statement Other accrued expenses might include taxes withheld from employees, income taxes payable, and interest payable. Taxes withheld from employees include Read more about Understanding the Basics of Balance Sheets SVA[…]
Although shareholders will perceive very little difference between a stock dividend and stock split, the accounting for stock dividends is unique. Stock dividends are recorded by moving amounts from retained earnings to paid-in capital. A small stock dividend (generally less than 20-25% of the existing shares outstanding) is accounted for at market price on the Read more about What a Stock Split Is and How It Works, With an Example[…]
Content handy Google apps you should be using on your Android Tax returns, major financial records Is Google Drive Safe From Hackers? Audit Your Google Drive Account Logins Beware of phone and phishing scams Rely on the cloud You could store everything in a removable hard drive or thumb drive and keep it in a Read more about Keeping clients tax data secure[…]
Content Process of audit planning Steps to a successful audit Participate in the kickoff meeting Preparing for an Audit? Here’s What You Need to Know About Audit Preparation You need to be aware of these things as they could indirectly affect the fiscal findings for the year. These are key questions that you need to Read more about PCAOB fines BDO USA $2M over audit violations[…]
The term “harbor” or “port” means any place to which ships may resort for shelter or to load or unload passengers or goods, or to obtain fuel, water, or supplies. This term shall apply to such places whether proclaimed public or not and whether natural or artificial. The term “amateur station” means a radio station Read more about common carrier[…]
Content What Are Benefits of the Accounting Cycle? The Importance of Not Missing a Step in the Accounting Cycle Using the accounting cycle for your finances When transitioning over to the next accounting period, it’s time to close the books. Accruals make sure that the financial statements you’re preparing now take those future payments and Read more about Accounting Cycle Definition, Purpose & Steps Video & Lesson Transcript[…]