Author: Anfisa Dmitrieva

Generally, the accounts payable GL is for money owed that hasn’t been paid yet, whereas expenses are costs which have already been incurred. Accounts payable is also a permanent account that appears on the balance sheet, whereas expenses is a tempora…

The bad news is the periodic method does do things just a little differently. Business types using the periodic inventory system include companies that sell relatively few inventory units each month such as art galleries and car dealerships….

The largest family of elements consists of transition metals. The center of the periodic table contains the transition metals, plus the two rows below the body of the table (lanthanides and actinides) are special transition metals….

That means Maria is entitled to receive a specific amount of benefits each month until she dies based on her pay rate and years of service. It’s up to ConSoft to make sure there are enough funds set aside to pay all of the pensioners what they have b…

Pension expense is the amount that a business charges to expense in relation to its liabilities for pensions payable to employees. The amount of this expense varies, depending upon whether the underlying pension is a defined benefit plan or a defined…

We are now starting to evaluate the extent to which investors are recognizing improvement in the reliability of financial reporting by U.S. public companies. That is, today we are in a better position to reflect on the impact of the Act and whether w…

Accordingly, upon adoption of this standard, a reference to generally accepted auditing standards in auditors’ reports is no longer appropriate or necessary. The Public Company Accounting Oversight Board (PCAOB) was established with the passage of th…

The Medicare tax rate is 1.45 percent, with no maximum income limit. These taxes are imposed on employers and employees and on various compensation bases and are collected and paid to the taxing jurisdiction by the employers….

When making a payment, customers should always stop and undertake further checks if they do not receive a ‘Confirmation of Payee’ match against the details they have been given. Customers should take particular care if a payee advises or coerces them…

Alternatively, shop for rewards from the Rewards Catalogue, buy instant e-Vouchers with PAYBACK Points; increase the redemption choices. It not only lets you redeem your Points for products but also rewards you with exciting offers on each transactio…