May 13, 2021
Charles Lutwidge
Contingent Liability Explanation and Examples
Meaning If a business is facing a potential obligation that must be fulfilled at a future date, it might have to record a liability in the present period. Contingent liability depends on the likelihood of an event occurring. In other...
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April 15, 2021
Charles Lutwidge
What are Long Term Liabilities?
Definition A liability is a responsibility or a promise to another person or entity. To resolve financial issues, many companies use internal and third-party funding sources. In the second case, the organization will have so-called long-term and short-term obligations. A...
April 15, 2021
Charles Lutwidge
Vertical Analysis Explanation and Example
The company’s ability to maintain its solvency and financial stability testifies to its stable financial condition. In turn, the financial analysis of the enterprise gives an understanding of whether, for example, the business is capable of successfully functioning and developing,...
April 15, 2021
Charles Lutwidge
Horizontal Analysis Overview
In pursuit of achieving the best results, a modern financial manager needs not just ideas for business development, but it is desirable to calculate and evaluate different aspects of the company’s activities, directing the results towards increasing profits and business...
April 15, 2021
Charles Lutwidge
Public Accounting
Definition and Overview Nothing is more important than the success and financial security of your business. Thus, it is important that true specialists take care of the financial records and reports so you can get a clear picture of your...
April 15, 2021
Charles Lutwidge
Times Interest Earned Ratio: Explanation and Purpose
The modern business and corporate environment requires businesses to have sufficient resources to compete on an equal footing with competitors. At the same time, at the initial stage of activity, the majority of entrepreneurs do not have decent amounts of...
April 12, 2021
Charles Lutwidge
Salaries and Wages: Which one is better?
Overview Generally speaking, there are two ways employers can pay a person for work. Number one is hourly pay. Alternatively, employees can be paid a salary. Many individuals consider the salaries and wages to be interchangeable. However, there is a...
April 12, 2021
Charles Lutwidge
Contribution Margin Explanation and Importance
What is the contribution margin? There are two ways to look at contribution margin. One way would be that it is the money that is used to pay off fixed costs. Another way to look at it is that contribution...
