Bookkeeping

The Master Budget

Content thought on “Master Budget” How to Create a Formula for Income & Expenses in Excel Project Annual Performance Managerial Accounting Course Master Budget definition Master Budget Issues While preparing a cash budget, all administration expenses pertaining to interest on borrowing, staff costs, office rent as well as legal expenses and office supplies are considered. …

The Master Budget Read More »

Revenue vs Retained Earnings: What’s the Difference?

Content Beginning of Period Retained Earnings Factors That Influence Retained Earnings Are Retained Earnings Current Liabilities or Assets? Common stock How Do You Calculate Retained Earnings on the Balance Sheet? How to Improve Retained Earnings A balance sheet must always balance; therefore, this equation should always be true. Balance sheets are typically prepared and distributed …

Revenue vs Retained Earnings: What’s the Difference? Read More »

Tax Pros Urged to Increase Data Safeguards Taxing Subjects

Content Obamacare Enrolment Extension Sought To Avoid Tax Penalty IRS Scales Back to Absorb Funding Cuts Westpac hikes its fixed rates A report by the Treasury Inspector General for Tax Administration says More IRS Action Sought On Improper Tax Credit Payments Mortgage delinquencies spike – report The Gramm-Leach-Bliley Act of 1999 requires all financial institutions, …

Tax Pros Urged to Increase Data Safeguards Taxing Subjects Read More »

Negative Working Capital on the Balance Sheet

Content Working Capital: Formula, Components, and Limitations Increase long-term borrowing Sell Some Long-term Assets for Cash Working capital in financial modeling Net Working Capital Formula Can net working capital be negative? The current portion of debt is critical because it represents a short-term claim to current assets and is often secured by long-term assets. Anything …

Negative Working Capital on the Balance Sheet Read More »

Balance Sheet: Definition, Example, Elements of a Balance Sheet

Content Balance Sheet: Explanation, Components, and Examples Business Checking/Operating Account What to Look for on the Balance Sheet Especially in Troubled Times Balance Sheet – Definition, Example, Formula & Components Depending on the company, different parties may be responsible for preparing the balance sheet. For small privately-held businesses, the balance sheet might be prepared by …

Balance Sheet: Definition, Example, Elements of a Balance Sheet Read More »