Thus, depreciation expense is a variable cost when using the units of production method. The main advantage of the units of production depreciation method is that it gives you a highly accurate picture of your depreciation cost based on actual numbers, depending on your tracking method. Its main disadvantage is that it is difficult to …
Depreciation Expense Overview and When to Use Various Types Sold Out »
Although seemingly similar, for-profit and nonprofit accounting processes differ in many ways. This module provides a comprehensive understanding of financial aspects in nonprofit organizations. We will create journal entries for basic nonprofit transactions and prepare financial statements like the Statement of Activities and Statement of Financial Position from trial balances. This module introduces the fundamental …
A Guide to Nonprofit Accounting for Non-Accountants Bench Accounting Sold Out »
The site is divided between conversations about accounting and conversations about taxes. Earmark Podcast is a relatively new channel hosted by Blake Oliver. It is a good continuing education channel for accounting professionals, and you can even earn CPE credit. What Is Bookkeeping? Duties, Pay, and How to Become a Bookkeeper She is also experienced …
How to do bookkeeping for small businesses: A step-by-step guide Sold Out »
A bank’s income statement will also include interest expense, which is the expense related to storing customer deposits, which would be deducted from interest-related revenue. Another important item on a bank’s income statement is the “provisions” line item. This will be found in the income statement usually as “loan loss provision.” First, financial statements can …
For example, the United States Department of Agriculture keeps a close eye on how the relationship between farmland assets, debt, and equity change over time. To find a business’s debt ratio, divide the total debts of the business by the total assets of the business. By examining a company’s debt ratio, analysts and investors can …
Debt Ratio: Interpreting, Calculating, and Optimizing Financial Health Sold Out »
