Bookkeeping 101

The mark-to-market practice is known as fair value accounting, whereby certain assets are recorded at their market value. This means that when the market moves, the value of an asset as reported in the balance sheet may go up or down. The deviation o…

The centre became part of Chinese University in 1974 and has been responsible for the teaching of one language education (Putonghua and Cantonese) of university students as well as other Putonghua and Cantonese learners. Courses are offered for non-n…

To calculate the cost per unit, add all of your fixed costs and all of your variable costs together and then divide this by the total amount of units you produced during that time period. You may also want to assess fixed costs and the total variable…

However, operating income does not include items such as other income, non-operating income, and non-operating expenses. The Line Producer is one of the first people to be employed on a film’s production by the producer and executive producers. Alter…

Functional expense classification. The functional expense classification is a sorting and presentation method used in accounting, under which expenses are aggregated and reported by the activities for which they were incurred. Examples are benefits …

If canceled less than five days prior to booking start date, a partial refund of 75 percent of the full rental amount (minus fees) is issued, but the reservation deposit is non-refundable. An owner’s cancellation policy determines the amount of the r…

He and former teammate at Oklahoma A&M, Fendley Collins, coach at Michigan State, founded the Michigan State High School Wrestling Championships in 1939. Keen’s influence on the sport of wrestling went well beyond the State of Michigan; he served…

The board can withdraw funds from its reserve, but reducing the reserve fund puts the association at risk in the event of an emergency. The board can impose a one-time special assessment, but it might have to do so again the following year. Providing…

You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level. The first spelling, ‘hole,’ refers to a hollow space, like a ‘hole in the ground’….

This type of annuity offers a way to provide income to a beneficiary in the event of unexpectedly early death, but also ensures that you keep receiving income payments if you live a long time. Creating streams of regular income is one of the fundamen…