Asset securitization is another changllenging discussion in accounting and financial world. I challenged myself to this topic, would you? Consequently a long research consumed to gather... More »

The treatment of accounts payable is somewhat more complicated than the treatment of its counterpart on the balance sheet, accounts receivable [discussed on the previous post you may... More »

The accounting for accounts receivable appears to be quite straightforward—just convert credit sales into accounts receivable and then wash them when the corresponding cash is collected.... More »

A picky controller who wants perfect financial statements has a tendency to create far too many journal entries to polish up every account, sometimes for extremely small amounts that... More »

So you are a new controller of the company and wanting [or expected] to setup and improve the accounting department, so that it is functioned in a realiable manner. Or, you are a new... More »

Faster month-end closing is dream of any member of accounting teams, financial managers, controllers, CFOs, CEOs, even every shareholders on the earth. The resulting statements are... More »

Foreign capital budgeting analysis is the procedure for analyzing expected cash flows for a proposed direct foreign investment to determine if the potential investment is worth undertaking.... More »

Understanding the 3 accounting cycles is just as critical as its key control points to any accountants [particularly for controllers]. Reviewing the function of accounting among great... More »

There are hundreds of accounting and financial ratio formulas. This post contains the formulas needed to calculate many of the “most common accounting ratios” specifically, as well... More »

Target costing differs from most of other costing methodologies [which are primarily concerned with the interpretation of costing data after it has already been incurred] in that it... More »