Statement of Comprehensive Income Overview, Components and Uses

Some examples of other comprehensive income are foreign currency hedge gains and losses, cash flow hedge gains and losses, and unrealized gains and losses for securities that are available for sale. The statement of comprehensive income gives company management and investors a fuller, more accurate idea of income. Comprehensive income is the variation in the […]

What Is Capital Surplus?

But an accountant handling the day-to-day budget of the company would consider only its cash on hand as its capital. Other private companies are responsible for assessing their capital thresholds, capital assets, and capital needs for corporate investment. Most of the financial capital analysis for businesses is done by closely analyzing the balance sheet. The […]

A Guide to T-Accounts: Small Business Accounting

A T-account is a tool used in accounting to visually represent changes in individual account balances. Each t-account has two columns, one for debits and the other for credits. The total of all the debit columns is always equal to the total of all the credit columns. This is consistent with the rules of debit […]

Purchases under a Periodic System Financial Accounting

In accounting, the net method likely refers to the way a company records each vendor’s invoice that offers an early payment discount. There are two types of purchase discounts and the accounting treatment for these two discounts is different from one and another. The cash discount forfeited is transferred as other income to the profit […]

The Differences in Dates Between a Balance Sheet and an Income Sheet Chron com

It’s not uncommon for a balance sheet to take a few weeks to prepare after the reporting period has ended. As with assets, liabilities can be classified as either current liabilities or non-current liabilities. Depending on the company, different parties may be responsible for preparing the balance sheet. For small privately-held businesses, the balance sheet […]

What Are Stale-Dated Checks?

Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. If you try to cash a stale check or someone tries to deposit a stale-dated check that you’ve written, here are a […]

Days Sales Outstanding: Meaning, Formula and Analysis

A company’s Days Sales Outstanding (DSO) serves as a crucial indicator of its cash flow quality. The lower the DSO number, the faster the company receives its cash, which is essential for fueling its operations. Also, to improve DSO, start leveraging the right tools – with the right tool, you can optimize the credit and […]

Manufacturing overhead definition

The predetermined overhead rate is an estimation of overhead costs applicable to “work in progress” inventory during the accounting period. This is calculated by dividing the estimated manufacturing overhead costs by the allocation base, or estimated volume of production in terms of labor hours, labor cost, machine hours, or materials. For example, Beta Company spends […]

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