Posts tagged Amortization

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 …

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). …

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 …

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 …

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 …

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 …

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 …