Author: Anfisa Dmitrieva

Based on this framework, it is assumed that the same basic framework, linked to economic substance, can induce the understanding that the adoption of international accounting standards can bring financial and managerial accounting together. The metho…

Inventory takes in account all of the assets a business uses to produce the goods it sells and determines the sale price for the stock. For indirect materials, debit the overhead account and credit the raw materials inventory asset account. At the en…

Actual cash flows from these transactions may occur at other times, even in different periods. The matching concept represents the primary differences between accrual accounting and cash basis accounting. “Matching” means that firms report revenues a…

In a recent role, Smith was the chief executive responsible for managing a national healthcare system (the Indian Health Service) serving over 2.2 million persons with a budget of over $6 billion that included 26 hospitals. Smith has also served on t…

The artist describes the sadness in Mary’s face very well as if you are seeing her when you look at the painting. Further, it describes the belief that the Virgin Mary was involved in the act of salvation. As you can see that the artist used mixed li…

Owning shares of a company’s stock represents a percentage of ownership in the company. As the company grows and increases in value, the investor may receive a dividend or monetary return from the company in the form of a higher share price. Investme…

It is usually noted if marketable securities are not part of working capital. For example, the definition of adjusted working capital considers only operating assets and liabilities….

Much like a bank loan, a bond guarantees a fixed rate of return, called the coupon rate, in exchange for the use of the invested funds. A marketable security is a highly liquid financial instrument, such as publicly traded bonds or shares of stock. “…

Market share represents the percentage of an industry, or a market’s total sales, that is earned by a particular company over a specified time period. Market share is calculated by taking the company’s sales over the period and dividing it by the tot…

Track discounts and markdowns separately if you want more profit. You need to know what works best and without proper data, its your best guess. Your guess may be right on sometimes and completely off at others….