Articles

November 30, 2020

Charles Lutwidge
Average Collection Period
Average Collection Period

An effective operation of a company largely depends on the timely receipt of funds from customers. To control overdue payments, an average debt collection period indicator is used. A definition of the average collection period is the average length of time..

Articles

November 27, 2020

Charles Lutwidge
Adjusted Trial Balance Basics
Adjusted Trial Balance Basics

Definition Before proceeding to the preparation of management and financial reports, an Adjusted Trial Balance is prepared. For that, adjustment entries are made to the Unadjusted Trial Balance. The latter are necessary in order to ensure an accurate reflection as well..

Articles

November 25, 2020

Charles Lutwidge
Cost of Goods Manufactured
Cost of Goods Manufactured

To make any goods, a number of different resources are spent. Manufacturing enterprises convert raw materials and supplies into finished products through the use of labor and plant equipment. The sum of all costs incurred will constitute the cost of production..

Articles

November 23, 2020

Charles Lutwidge
Introduction to Capital Expenditure
Introduction to Capital Expenditure

Definition Capital expenditure can be defined as any expenditure incurred in creating, acquiring, expanding, or improving an asset for use by a company. The important point is that the benefit from such capital expenditures will be spread over a number of..

Articles

November 20, 2020

Charles Lutwidge
Gross Margin Ratio
Gross Margin Ratio

Gross Margin The goal of any company is to generate money. This income of funds can be calculated and analyzed using different financial and accounting indicators. There are such concepts as revenue, net profit, and gross profit. Gross profit (margin) is..

Articles

November 20, 2020

Charles Lutwidge
Pros and Cons of Capital Stock
Pros and Cons of Capital Stock

Capital stock (share capital) emerged in the middle of the 19th century with the emergence of a joint-stock form of ownership, when the need for the implementation of investment projects that were beyond the power of sole ownership or partnership arose...

Articles

November 19, 2020

Charles Lutwidge
Financial Leverage: What is It and Why a Business Needs One?
Financial Leverage: What is It and Why a Business Needs One?

Definition Leverage means the use of borrowed capital as a source of investment financing in order to increase assets and generate higher returns. In finance, through financial leverage, you borrow money, invest, and try to increase your profits through higher financial..

Articles

November 19, 2020

Charles Lutwidge
Debt Ratio – Meaning and Calculation
Debt Ratio – Meaning and Calculation

The debt ratio is an indicator of the financial condition of an enterprise, without which neither managers of organizations, nor owners of companies, nor persons wishing to invest their own funds in any business (e.g. purchase stocks) can do without. So,..

Articles

November 03, 2020

Charles Lutwidge
An Introduction to Credit Risk
An Introduction to Credit Risk

The operation of enterprises in a changing market environment is certainly accompanied by risks associated with uncertainty of circumstances, as well as the possible occurrence or non-occurrence of certain events. Today, we will talk about credit risk.  Modern banks offer all..

Articles

Average Collection PeriodAdjusted Trial Balance BasicsCost of Goods ManufacturedIntroduction to Capital ExpenditureGross Margin RatioPros and Cons of Capital StockFinancial Leverage: What is It and Why a Business Needs One?Debt Ratio – Meaning and CalculationAn Introduction to Credit RiskDirect Write-Off MethodAllowance for Doubtful AccountsAging of Accounts Receivable – Definition and ExamplesHow to Record a Credit SaleBad Debts Expense - Explanation and AccountingPreparing a Bank ReconciliationVertical and Horizontal Analysis: What's the Difference?Financial Ratio AnalysisCash Dividends and Stock DividendsSingle-Step vs Multi-Step Income StatementInventory Turnover RatioBusiness Credit CardNotes to Financial StatementsStatement of Comprehensive IncomeOverview of Reversing EntriesBasic Accounting PrinciplesIntroduction to T-AccountsEarly Payment DiscountsStock Splits and Stock DividendsRecording Transactions for BeginnersFinancial Ratios You Should KnowAmortizing Bond Premium with the Effective Interest Rate MethodFederal Insurance Contributions Act (FICA)Minimum Wage and Overtime PayIncome Summary AccountStatement of Stockholders EquityCash Flow from Operating ActivitiesBalance Sheet Template and StructureCash Short and Over AccountDividends Account - 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