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
Sometimes you just need a classic accounting reference book. Written by four accounting experts, the “Barron’s Accounting Handbook” does what Barron’s books do best—it covers everything that financial professionals need to know about financial reporting requirements and compliance. If you’re brand new to accounting or just need a refresher course, consider this the most comprehensive, reader-friendly guide. In the usual “Dummies” style, this book covers […]
So, you’ll find your computer, for instance, in the 5-year category. On the other hand, your office furniture is in the 7-year slot, and your office or other non-residential real estate property is in the very last spot of 31+ years. This depreciation is not used in the entity’s financial statements, which instead likely uses depreciation that is based on either straight-line or some form of accelerated depreciation calculations.
An LLC may consist of a partnership of lawyers or doctors sharing a practice. Some big businesses like Anheuser-Busch also are LLCs. The process of establishing an LLC is relatively straightforward. LLCs have a distinct tax advantage for some businesses. Their taxes are “pass-through.” That is, the profits and the responsibility to pay taxes on them are passed to the owners rather than paid by the LLC. Both the limited liability company offer similar legal advantages and protections […]
Assets with no physical form, such as a business’ reputation, company know-how, industry knowledge and name recognition, are referred to as intangible assets. These assets are not listed on the balance sheet, nor are they considered liquid assets, but their intrinsic value adds to the credibility of the business, which can equate to a higher business valuation. Assets such as buildings, vehicles and office equipment, that are not consumed during the course of doing business, are tangible […]
If SG&A is a consolidated, one-line item, the analyst must use discretion to select one of these methods to account for all the various expenses baked into that one line item. When a company is looking to cut costs, SG&A is often the focus in implementing cost controls.
However, salespeople work 40 hour weeks, so their salaries are paid regardless of sales level for a period. A cleaning business uses detergents, sponges and cloths to provide services, so the products consumed in a mo […]
Jensen also noted a negative correlation between exploration announcements and the market valuation of these firms—the opposite effect to research announcements in other industries. Net of all the above give free cash available to be reinvested in operations without having to take more debt. Here Capex Definition should not include additional investment on new equipment. We can see that Macy’s has a large amount of free cash flow, which can be used to pay dividends, expand operations, and […]
Sometimes, other services such as internet, cable TV and phone services are considered to be additional utilities since they are now considered standard in most American households. The cost of utilities can vary significantly, mainly based on your location, local climate, your usage habits and the size of your home.
However, California and Oregon are both in the ten states with the cheapest utility bills, and Washington—the third West Coast state in the contiguous US—is in (more…) […]
While an income statement can tell you whether a company made a profit, a cash flow statement can tell you whether the company generated cash. A balance sheet shows a snapshot of a company’s assets, liabilities and shareholders’ equity at the end of the reporting period. It does not show the flows into and out of the accounts during the period. A company’s balance sheet is set up like the basic accounting equation shown above. On the right side, they list their liabilities and […]
There are different types of businesses, but one thing they all have in common is that they must provide consumers with services, products, or both. Learn the definition and characteristics of a business, and explore some real-life examples of businesses. Job cost sheet is a document used in a job-order costing system to record all the costs incurred on a job. In addition to job identification details such as job number, customer name, etc., it includes particulars of direct material, direct (m […]
GDPR requires data controllers and processors based within the EU must appoint a DPO to assist in monitoring their internal compliance. The DPO is usually appointed from the organisation ’s staff and must have expert knowledge of data protection laws and practices. If an appropriate individual is not found within the organisation, they may hire a third-party contractor to act as a DPO. However, the DPO may not hold a conflict of interest and must be impartial in carrying out their role. I […]
