For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. When a good or an …
A class of corporation stock that provides for preferential treatment over the holders of common stock in the case of liquidation and dividends. For example, the preferred stockholders will be …
This is because the purchase of raw materials during the period would have cost the business more than what was allowed in the budget. To illustrate these points, consider a …
A/B testing will allow you to find your minimum order “sweet spot,” so you can offer free shipping when it’s practical for your business’s profit margins. Automation and technology save …
Closing entries move totals from temporary accounts to retained earnings. This updates the equity section of normal balance the balance sheet and records net income or loss right. They’re vital …
Think of basic EPS as the snapshot of today, while diluted EPS is that crystal ball giving you the ‘what if’ scenario. It’s a key distinction because they tell slightly …
Employers should utilize annualized salaries in scenarios where employees do not work a standard full-year schedule, such as part-time, seasonal, or newly hired staff. Knowing your finances can save you …
In addition to passing all four parts of the CPA exam with at least a 75 percent within virtual accountant an 18-month rolling period, the BOA requires a bachelor’s degree …
That’s because a company has to pay for all the things it owns (assets) by either borrowing money (taking on liabilities) or taking it from investors (issuing shareholder equity). If …
