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475 Answered Questions for the topic Financial Accounting

Financial Accounting

04/21/19

What is retained earnings?

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Financial Accounting

04/21/19

What is the operating cycle?

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Financial Accounting

04/21/19

What is the difference between stocks and bonds?

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Financial Accounting

04/19/19

What is the accrual basis of accounting?

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Financial Accounting

04/18/19

What is cash from operating activities?

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Financial Accounting Accounting Design Patterns

04/16/19

How to record transactions for money flowing into an acounting system?

I've been reading about accounting patterns described by Martin Fowler in his book "Analysis Patterns - Reusable Object Models". I understood the basic concepts: account, entry, transaction, etc;... more

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Financial Accounting

04/16/19

How do you amortize goodwill?

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Financial Accounting

04/15/19

What is financial reporting?

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Financial Accounting

04/15/19

What are accrued expenses and when are they recorded?

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Financial Accounting Accounting Acumatica

04/15/19

Timecard issues?

I am trying to setup time cards for projects and am running into a problem. I want the employee to enter their time, submit their time card, the supervisor to approve the time card and then... more

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Financial Accounting Accounting Taxes Small Business

04/15/19

When starting a small business, how does one properly record "seed inventory"?

Let's assume someone wanted to start a small, simple business. They go through all of the paperwork to get an LLC, they set up a business checking account and they are ready to go. Such an... more

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Financial Accounting Accounting Loans United States

04/13/19

Verification of student loan amounts?

I consolidated my student loan debt with FedLoan a year or two after graduation. Is there an easy way to verify that my current balances are accurate? Is this something an accountant would handle,... more

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Financial Accounting

04/13/19

What principles of accounting?

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Financial Accounting Accounting Income Tax Rental Property

04/12/19

Deducting interest on a loan to repair a rental property?

I own and rent out an apartment in a building that needs extensive repairs. The body corporate has broken the levy for the repairs into six payments. For the first three payments, last tax year,... more

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Financial Accounting Accounting Finance

04/10/19

Operating cashflow

The new drug is expected to be a block-buster, which will help to increase the company’s marketshare and the sales are expected to be $18 million in the first year. The sales revenue generated from... more

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