September 23, 2021
Charles Lutwidge
Stockholders’ Equity: How to Calculate?
Definition Stockholders’ equity shows what funds the investors who purchased the company’s stocks own in the company. This is a financial indicator that characterizes the amount of funds owned by members of the organization. Equity and net assets are essentially...
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September 22, 2021
Charles Lutwidge
Percentage of Sales Method: Explanation with Examples
Financial Forecasting The effective activity of enterprises in a market economy largely depends on how reliably they foresee the long-term and short-term prospects of their development, that is, on forecasting. Forecasting the activities of enterprises is an assessment of the...
September 21, 2021
Charles Lutwidge
Prepaid Insurance Journal Entry
Prepaid expenses The expenses of an organization are recognized as a decrease in economic benefits as a result of the disposal of assets (cash, other property) and (or) the occurrence of liabilities, leading to a decrease in the capital of...
September 20, 2021
Charles Lutwidge
Realization Principle
When you sell goods or maybe your business provides services instead, you get paid money which is considered to be your revenue. It is one of the most important aspects of a company’s operations and reporting. In this regard, of...
September 17, 2021
Charles Lutwidge
Consolidated Financial Statements
Due to the impact of many objective factors (growth of business complexity, the need to diversify risks, the possibility of tax optimization, etc.), many entrepreneurs have a real need for the simultaneous development of many areas of activity, formation of...
August 29, 2021
Charles Lutwidge
What Is Prepaid Rent?
Definition Prepaid expenses are payments for goods or services rendered after the date of payment. Typically, such services are consumed in the near future in the normal course of business, but you might also come across prepaid expenses that will...
August 27, 2021
Charles Lutwidge
A Simple Explanation of Sales Revenue with Examples
Overview Revenue is the simplest metric for assessing the health of a company. Each leader analyzes its size, calculates other absolute and relative performance indicators on the basis of this value, and forms a development strategy. Revenue is the main...
August 02, 2021
Charles Lutwidge
A Simple Guide for How to Write Off Bad Debt
Overview We all strive to maximize our satisfaction and surround ourselves with the best and most practical things. This applies to the purchase of household appliances, accessories, and clothing. Yet, not everyone can afford to upgrade their wardrobe or buy...
