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November 02, 2020

Charles Lutwidge
Bad Debts Expense – Explanation and Accounting

Bad Debts Expense – Explanation and Accounting

Definition In modern times, many goods and services are sold to customers on a credit basis. This means that goods or services are provided to the customer now and then paid by the buyer at a future date. The customer is..

Articles

November 02, 2020

Charles Lutwidge
Preparing a Bank Reconciliation

Preparing a Bank Reconciliation

Any business activity requires control over expenses, income received, and net profit. It is impossible to plan further work of the enterprise without controlling processes. For constant control, there is a special system called accounting. Accounting in an enterprise is a..

Articles

November 02, 2020

Charles Lutwidge
Vertical and Horizontal Analysis: What’s the Difference?

Vertical and Horizontal Analysis: What’s the Difference?

Horizontal and vertical analysis of the accounting documents and reports of the enterprise is an effective tool for researching the state of the enterprise and the effectiveness of its activities. Recommendations made on the basis of this analysis are constructive and..

Articles

November 02, 2020

Charles Lutwidge
Financial Ratio Analysis

Financial Ratio Analysis

Financial Analysis: What is it? Analysis of financial ratios is an integral part of financial analysis, which is an extensive area of research and includes the following main areas: analysis of financial statements (including analysis of ratios), the formation of forecast..

Articles

November 02, 2020

Charles Lutwidge
Cash Dividends and Stock Dividends

Cash Dividends and Stock Dividends

One of the income sources that investors rely on when buying shares on the stock market, in addition to the growth in the market value of the stocks, is dividends. A stock is, in essence, part of an operating business that..

Articles

October 30, 2020

Charles Lutwidge
Single-Step vs Multi-Step Income Statement

Single-Step vs Multi-Step Income Statement

The main indicators of modern accounting reports on financial results of an organization are income, expenses, results by type of activity, and the final financial result for the reporting period in the form of profit (loss). Profit is the source of..

Articles

October 30, 2020

Charles Lutwidge
Inventory Turnover Ratio

Inventory Turnover Ratio

Inventory is often the largest portion of working capital. Inventories are those things the business holds in order to enable it to produce as well as to trade. If the inventory is not used up by business operations at a reasonable..

Articles

October 30, 2020

Charles Lutwidge
Business Credit Card

Business Credit Card

A business has different needs, and a business credit card can help meet many of these needs. By the way, we are talking not only about large companies but also about small and medium-sized businesses. What is a business credit card?..

Articles

October 30, 2020

Charles Lutwidge
Notes to Financial Statements

Notes to Financial Statements

Definition Financial statements are an overview of the results of the company’s work for the whole year. Therefore, the company should pay close attention to the presentation of these results to users of reports. Despite the fact that preparing financial statements..

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