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
This assessed level of control risk is used in determining the appropriate detection risk to accept for those assertions and, accordingly, in determining the nature, timing, and extent of substantive tests for such assertions. The auditor’s assessments of inherent risk and judgments about materiality for various account balances and transaction classes also affect the nature and extent of the procedures performed to obtain the understanding. For example, the auditor may conclude (more&hel […]
This was to provide an industry-neutral revenue recognition model to increase financial statement comparability across companies and industries. Public companies had to apply the new revenue recognition rules for annual reporting periods beginning after December 15, 2016. She is an expert in personal finance and taxes, and earned her Master of Science in Accounting at University of Central Florida. Where is prepaid income recorded? When a company is paid before performing the work, (mo […]
ZipBooks offers the basics you’d expect from accounting software, including invoicing, contact management, and expense tracking. Accounts receivable and accounts payable are available through Kashoo, as well as cash management, CPA firms, and bank reconciliation. Users will be able to track expenses and income, and they will also be able to bill and invoice customers directly online. Payroll services are available, as well as spend and tax management services. Accounting probably doesn […]
CPP and FPC exam testing windows are held twice a year, during March-April and September-October, in more than 400 locations in North America. Compile employee time, production, and payroll data from time sheets and other records. Salary, legislation, and legal forms are some of the matters that should be managed by a company’s payroll department. Fundamental Payroll Certification Study Guide – CustomerI’ve found the complementary system of the study guide and flashcards efficient. […]
To calculate the percent change in the operating income, will need income statements for the current year and prior year. In the current year, business XYZ earned total sales revenues of $200,000. For that period, the cost of goods sold was $40,000, rent was $12,000, insurance was $10,000 and wages was $60,000. The operating income is positioned as a subtotal on a multi-step income statement after all general and administrative expenses, and before interest income (more…) […]
Note that cash flows can be positive even if bottom-line profits are negative. The cash flow statement is a standardized document that clarifies the state of a company’s cash flow at a point in time. Peggy James is a CPA with over 9 years of experience in accounting and finance, including corporate, nonprofit, and personal finance environments. She most recently worked at Duke University and is the owner of Peggy James, CPA, PLLC, serving small businesses, nonprofits, solopreneurs, freela […]
You sell something, and your customer buys it and can do with it what they please . Without understanding the specific way you are going to sell your widget, it’s going to be tough to market it. Essentially, it’s how you are going to make money from your business. Since then, we have built our wedding business and opened a new, larger wedding venue called Forest Lodge. We are excited to welcome even more brides and a new revenue stream for our company. It’s no great surprise t […]
Companies typically set a normal spoilage rate for lines of products which they produce and assign the costs of such spoilage to cost of goods sold. Companies typically set a normal spoilage rate for lines of products which they produce and assign the costs of such spoilage to cost of goods sold . Within any production process, it is difficult to completely avoid waste or scrap. The standard amount of waste or scrap that occurs throughout the production process is known as normal spoilage. Norm […]
To report noncash expenses on taxes, you need to calculate the total cost of the depreciation, amortization, and depletion of the item from that year. You then take this number and add it to your gross income number on your tax return.
Non-cash expenses, sometimes known as non-cash charges, are any expense recorded in your income statement that does not involve an outlay of cash. Non-cash transactions are always recorded in the income statement, as they directly impact total net income, but do […]
By demonstrating due diligence and being resourceful and persistent, you can raise the capital you need. Investing some of your own money will usually make investors and lenders more willing to partner with you down the line. While money doesn’t grow on trees, there are a number of ways you can seek funding for your business—some more traditional than others. Now you can control every aspect of your raise from start to finish. Every business wants to learn ways to increase their revenue a […]
