Author: Anfisa Dmitrieva

Accounting decisions can in turn affect earnings because they can influence the timing of transactions and the estimates used in financial reporting. Working down the income statement, analysts then might look for variations between operating cash fl…

“Acceptance From Foreign Private Issuers of Financial Statements Prepared in Accordance With International Financial Reporting Standards Without Reconciliation to U.S. GAAP,” Page 7. GAAP may be contrasted with pro forma accounting, which is a non-GA…

The first practical application of photovoltaics was to power orbiting satellites and other spacecraft, but today the majority of photovoltaic modules are used for grid-connected systems for power generation. There is still a smaller market for stand…

Engineering would also inspect sample products to determine if the company or organisation can produce products they need. If the bidder passes both of these stages engineering may decide to do some testing on the materials to further verify quality …

When merchandise is returned, the sales returns and allowances account is debited to reduce sales, and accounts receivable or cash is credited to refund cash or reduce what is owed by the customer. A second entry must also be made debiting inventory …

Purchase Return Journal Entry is the journal entry passed by the company in order to record the transaction of return of the merchandises which were purchased from the supplier where the cash account will be debited in case of the cash purchases or t…

Notwithstanding the foregoing, Buyer agrees to pay the balance of the undisputed amounts on any invoice that is the subject of any dispute within the time periods specified herein. Yet despite the nature of the purchase order as a contract, it is com…

A cash discount is a type of sales discount, sometimes called an early settlement discount, and is recorded in the accounting records using two journals. The first journal is to record the cash being received from the customer. The second journal rec…

It is commitment that transforms the vision of success into actual success. Commitment stands first on the list of values and priorities of successful people. Being committed thus requires that a person is fully engaged in his endeavours and remains …

This is calculated as the number of shares outstanding (as opposed to authorized but not necessarily issued) times the price per share. For example, a company with two million shares outstanding and a price per share of US$40 has a market capitalizat…