Historical Timeline

Business this week The estimated cost of Muskrat Falls has almost doubled, to 11.4 billion Canadian dollars, and the price it now gets for exported power has fallen. Dr. Sunderland suggests it may be sufficient to remove only the soil with the highest carbon content and increase oxygen or iron levels in the water. He … Continue reading “Historical Timeline”

What Is Amortization?

By understanding how to calculate a loan amortization schedule, you’ll be in a better position to consider valuable moves like making extra payments to pay down your loan faster. It’s relatively easy to produce a loan amortization schedule if you know what the monthly payment on the loan is. Starting in month one, take the … Continue reading “What Is Amortization?”

The accrual basis of accounting

A small business that operates on accrual basis accounting matches up income and expenses into the period they are actually incurred, regardless of when money changes hands. This accounting method helps to improve the accuracy of a company’s reported net income. Accounting entries are made to either accrue expenses to the current period that have … Continue reading “The accrual basis of accounting”

Prepaid rent accounting

On mortgage-backed security, the higher the interest rate relative to current interest rates, the higher the probability that the underlying mortgages will be refinanced. Prepayments are most commonly prepaid expenses in the corporate environment. These expenditures are paid in full in one accounting period for an underlying asset to be consumed in a future period. … Continue reading “Prepaid rent accounting”

Accounting memo sample

For longer memos, consider writing short headings that clarify the content of each category. For example, instead of stating “Policies,” write “New policies regarding part-time employees.” Be specific and brief in every heading so that the basic point of your memo is apparent to the reader right away. How to Write a Memo Requesting Information→ … Continue reading “Accounting memo sample”