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Research and development (commonly shorten as R&D) activities are increased and increased. Equally, research and development related costs are a growing portion of the expenses recognized...
One of the primary tasks of the accountant during the period-end closing process is the calculation of expense accruals, of which there are potentially a great...
Technically, a derivative is simply an asset whose value is dependent on the value of something else, an underlying asset. A forward contract to buy Euro...
In some industries it is common practice for customers to have the right to return a product to the seller for a credit or refund. However,...
When planning for treatment of tax expenses, consider these accounting methods and choices of accounting periods for controlling the amount of tax liabilities that may be...
Retained earnings are created for the most part by the earnings of the corporation. These earnings (referred to as net income) are closed into the retained...
This topic is a supplement topic to emphasize specific issues: Accounting Treatment for Discount, Sales Return & Warranty. They may not exist or exist on the...
Account Receivable is amounts owed to the company for services performed or products sold but not yet paid for. A receivable is accomplished by a simple...