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The regulators do not permit a business organized as a C-corporation (in the United States) to use cash basis accounting. Instead, these companies must use accrual...
Asset impairment occurs when the fair value of an asset declines below the amount at which it is recorded on the books (its carrying amount). Impairment...
It usually takes more than just your brains and hard work to make a business run. You need equipment, from technology-based items (e.g., computers and cell...
What’s the first thing that comes to mind when I say cost control? I bet you think of cutting costs, don’t you? Well, it may come...
The objective of financial statements is to provide information for economic decisions. A complete set of financial statements comprises a balance sheet, income statement, statement of...
In general, the software industry is viewed as having several sectors, including packaged applications (shrink-wrapped software); operating systems for individual and networked computers; administration tools for...
Following on my previous post [accounting for pension], this post specifically provides ways to compute amortization both “Unrecognized Prior Service Cost” and “Unrecognized Gain or Loss”...