IMA provides a forum for members by promoting forward-thinking research and industry best practices and offering newsletters and journals. Each year, Institute of Management Accountants (IMA) conducts a global salary survey to discover trends in comp…
Definition of normal range
Posted on Posted on: 02.10.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Definition of normal rangeThe CDC reported that “cluster[s] of negative attitudes and beliefs motivate the general public to fear, reject, avoid, and discriminate against people with mental illnesses”. The French sociologist Émile Durkheim indicated in his Rules of the Sociol…
Sales Revenue
Posted on Posted on: 02.10.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Sales RevenueFor example, many companies list operating income separately, which is the money earned from a company’s core business operations. Conversely, non-operating revenue is the money earned from secondary sources, which could be investment income or proce…
Revenue Definition
Posted on Posted on: 01.10.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Revenue DefinitionBut getting a grasp on these concepts is the first step toward evaluating your company’s efficiency and profitability. The revenue number is the income a company generatesbeforeany expenses are taken out. Therefore, when a company has “top-line growt…
Working capital in valuation
Posted on Posted on: 01.10.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Working capital in valuationOne of the company’s crucial health indicators is its ability to generate cash and cash equivalents. So, a company with relatively high net assets and significantly less cash and cash equivalents can mostly be considered an indication of non-liquidit…
Prorated Merit Increase
Posted on Posted on: 01.10.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Prorated Merit IncreaseWhen you make a change to your auto insurance, you might need to do it in the middle of your billing cycle. If the change you make impacts your insurance cost, then your insurance company will prorate your premium….
Prepaid Insurance
Posted on Posted on: 01.10.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Prepaid InsuranceA prepaid expense is carried on the balance sheet of an organization as a current asset until it is consumed. The reason why is because most prepaid assets are consumed within a few months of being recorded. If a prepaid expense were likely to not be…
petty
Posted on Posted on: 01.10.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on petty“The most freeing thing one can do in a relationship is let go of worries about what all could possibly go wrong and focus on what is going right,” Chronister says. For instance, Chronister suggests placing your focus on the things your partner does …
Preferred Stock Definition
Posted on Posted on: 30.09.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Preferred Stock DefinitionThis differs from how common stock shareholders, who benefit whenever a company grows, are paid. Why companies issue preferred stock is different than the reason they go public and offer common stock. Preferred stock is a form of equity, or a stake i…
Paid in capital
Posted on Posted on: 30.09.2020 Modified on: 11.01.2022Categories Bookkeeping 101 Leave a comment on Paid in capitalSplit between assets, liabilities, and equity, a company’s balance sheet provides for metric analysis of a capital structure. Debt financing provides a cash capital asset that must be repaid over time through scheduled liabilities. Equity financing p…