They were put into place to help make financial reporting more clear and accurate. With the conservatism approach, you claim profit once it has become verified […]

In-house CFO salaries are expensive, and that’s not including benefits or bonuses. Depending on your company’s size and complexity, you may need the help of a […]

Other forms of supplemental wages you can seek include bonuses, commission, stock options and prizes. Supplemental wages are taxed at the same rate as regular income […]

This paper introduces a framework to investors and researchers interested in accounting-based valuation. The framework connects expected stock returns to accounting valuation anchors. It can be […]

This is because all of this book initially records all of the business’s financial transactions before moving into other books. Subsequently, on a regular basis, each […]

The Big Three auto companies made decisions based on absorption costing, and the result was the manufacturing of more vehicles than the market demanded. With absorption […]

Once you’ve got a bookkeeping system and a bank account in place, you need some way of making sure the information in both of those systems […]

Capex is investment in and purchases of assets that affect a business’s long-term growth and prospects. These expenditures include the purchase of other companies, real estate […]

Sending your Social Security number (SSN) and other personal information to a stranger could be dangerous. Scammers will sometimes send W-9s to collect the SSNs of […]