Anfisa is a talented accountant.
In this blog she talks about accounting services, payroll, investment consulting, tax training and much more.
AnfisaWDmitrieva@www.business-accounting.net
Phone: 303-647-3438
It proves that auditors perform an audit assignment based on applicable standards and as well as policy. Largely, it comes down to how manual the process has traditionally been. Working papers have usually been prepared using Word and Excel, with physical printouts organized in binders. The working papers were reviewed on paper, and if changes or revisions were required, those changes had to be input by hand and new copies printed up, collated, and (more…) […]
Most insurance underwriters have bachelor’s degrees, but it’s possible to gain a position if you have a strong background in insurance-related work and analysis. Underwriters work for insurance companies and generally work in an office setting. Industry conferences and other networking events are also great places to look for financial jobs. Finance major jobs come with a steady paycheck and excellent career prospects. A Chief Financial Officer , for instance, makes around $158,553 […]
It creates a liability at the time the particular product is sold as the company has a liability, which starts when the product is sold. Keep in mind that this liability treatment is only necessary for companies that have to consistently repair or replace their products. If the company rarely ever has a warranty claim, they don’t need to record the liability. Instead, they can simply record the costs when they are incurred. Company A purchases components from various manufacturers (more&h […]
ScaleFactor is on a mission to remove the barriers to financial clarity that every business owner faces. A cash flow Statement contains information on how much cash a company generated and used during a given period. If debt increases without corresponding upticks in either assets or earnings, it could be a bad sign of things to come. Here, Bakery A’s solvency is above 20% which is healthy and will be looked at favorably by lenders.
Examples of non-operating expenses include interest payments, write-downs, or costs from currency exchanges. In accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service before deducting overhead, payroll, taxation, and interest payments. Nonoperating expenses and losses are often reported on the income statement after the subtotal Income from operations and will often appear with the caption Other income (more…) […]
Creating an annual report is a long-term process that requires an organized system for recording and tracking data, media clipping, photographs and a list of business achievements. While a number of companies create the annual reports in-house, others may hire a design firm to compile, proofread and finalize the document. The reports are used by investors, lenders, banks, suppliers, potential customers and employees to assess the financial position (more…) […]
Because wages are taxed at a top rate of about 43.4 percent, the resulting tax bill is substantially lower than the 50.5 percent rate they would face if they first payed the corporate tax and then paid individual tax on the dividends. The overwhelming majority of businesses in the U.S. are not C-corporations subject to the corporate tax. Rather, most businesses—about 95 percent—are “pass-throughs,” which have their income “pass through” to their owners to be taxed under […]
We updated this page to include a few more links to articles we found helpful for our readers—most notably, a link to our piece on the best bookkeeping software for small businesses. Learn the basics of small-business accounting with this beginner’s guide. Firms also have intangible assets such as customer goodwill that may be listed on the balance sheet. The chart of accounts may change over time as the business grows and changes.
It only works if your company is relatively small with a […]
Indeed, courts have held that top management may be in violation of its obligation to assess and disclose material weaknesses in its internal control over financial reporting when it ignores an employee’s concerns that could impact the company’s SEC filings. SOX 404 compliance costs represent a tax on inefficiency, encouraging companies to centralize and automate their financial reporting systems. This is apparent in the comparative costs of companies with decentralized operations a […]
For purposes of illustration, closing entries for the Greener Landscape Group follow. The purpose of an income statement is to assemble all the account information on revenues and expenses recorded during an accounting period and present them in the standard income-statement format. An income statement helps users evaluate the past performance of an company and provides them a basis for predicting future performance. For example, a high level of total current income with a relatively low level […]
