The company can increase or decrease the number of shares outstanding by issuing new shares or via share repurchases (buybacks). In the US, public companies are obligated to report their number of shares outstanding as part of the SEC’s filing requirements. Every company has an equity position based on the difference between the value of […]
Salvage value is the amount a company can expect to receive for an asset at the end of the asset’s useful life. A company uses salvage value to estimate and calculate depreciate as salvage value is deducted from the asset’s original cost. A company can also use salvage value to anticipate cashflow and expected future […]
It also starts at $190 a month, which is less than nearly every other provider on our list. Many businesses spend more time, money and energy on their back-office operations than they’d like. Our FAO services provide access to an enhanced suite of technology-based services tailored to meet your organization’s finance and accounting needs. QX […]
Many people use tax software — but in some cases, you might choose to print out a form and mail it to the IRS. If that’s your plan, give yourself plenty of time for any postal delays and make sure to get proof of when and how you mailed the form. If you file the […]
For example, a startup company with a high gearing ratio faces a higher risk of failing. However, monopolistic companies like utility and energy firms can often operate safely with high debt levels, due to their strong industry position. Lenders consider gearing ratios to help determine the borrower’s ability to repay a loan. CEOs and finance […]
You do not need to complete a separate Adult Disability Payment application. You can contact Social Security Scotland and ask for more time to complete part 2 if you need it. You can save your application as you go if you want to come back to it and complete it when it suits you. When […]
This organization also states that the board and management stand behind these financial statements and includes pictures of their Board Chairperson and Chief Executive Officer. No, the Statement of Activities is one of several essential financial statements for nonprofits. In addition to the Statement of Activities, you should also prepare a Statement of Financial Position […]
When it comes to the direct write-off method, all the bad debts of the organizations are charged to the expense account. An allowance account is a contra account for the assets; the amount is recorded in this contra account to offset overstated debtors that the business cannot collect. The debit impact of this journal entry […]
Each year, many small businesses become a target for cyberattacks, placing customers, employees, and sensitive business information at risk. Although these issues can also happen in modern accounting systems, they occur more often in manual accounting, and there are no automated systems in place to perform internal checks and balances. Accounting automation can be a […]
In fact, Singapore is just one degree of latitude above the Equator. The country borders South China Sea to the east, the Strait of Malacca to the west, and the Riau Islands lie to the south. Due to the weak defenses of the country, the Japanese attacked Singapore and easily took control of the colony […]