475 Answered Questions for the topic Financial Accounting

Financial Accounting

04/04/19

What is the meaning of debtor?
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Financial Accounting

04/04/19

What is materiality?
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Financial Accounting

04/04/19

What is the difference between net cash flow and net income?
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Financial Accounting Accounting Government United States

04/04/19

Does total US public debt include state debt?
When I see total US public debt, I wonder whether state debt is included. If "total US public debt" used differently for different cases, I will restrict my case to the usage in national... more
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Financial Accounting

04/04/19

What is a fiscal year?
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Financial Accounting

04/02/19

What is interest expense?
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Financial Accounting Accounting United States Income Tax

04/02/19

Consider Paypal fees in accounting?
I'm a freelancer. I sent an invoice to my client (using InvoiceBubble.com), which he decided to pay via Paypal. Paypal took a fee. How do I take this fee in consideration for my accounting? I... more
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Financial Accounting Accounting Taxes United States

03/31/19

Can I invest C-corp or S-corp profits by purchasing stock, bonds or property to reduce tax liability?
If I own a C-corp or an S-corp in the US ( say for example Delaware ), and I take profits from revenue after expenses for the corporation and purchase stock in the US stock markets, bonds or other... more
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Financial Accounting Accounting Terminology Cost Basis

03/31/19

What does it mean when a business reports its costs on a "fully loaded basis"?
What does it mean to ask a private business to report their costs "on a fully loaded basis"? And then to ask them to "please indicate the fully loaded basis for which the costs are reported"?
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Financial Accounting Accounting Finance Business Logic

03/28/19

Average pricing implementation in a POS application?
I am developing a POS (Point of Sale) application which should be able to calculate average price. Here is the deal, i don't know what it is and how it is calculated for consumer products. I just... more
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Financial Accounting

03/27/19

What is window dressing?
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Financial Accounting

03/27/19

What is the meaning of net assets?
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Financial Accounting Accounting Mortgage Purchase

03/27/19

Basic bookkeeping account entries for a house purchase and mortgage?
I borrow 200,000 to purchase a house worth 250,000, putting down 50,000 of my own. The borrowing is at 5% over 30 years. What are the basic double-entry bookkeeping entries I must make to record... more
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Financial Accounting

03/27/19

What is a financial statement?
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Financial Accounting

03/27/19

What is the difference between a balance sheet of a nonprofit organization and a for-profit business?
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Financial Accounting Accounting Budget

03/26/19

What are the advantages of doing accounting on your personal finances?
What are the advantages of keeping track of your personal finances? Is it only worthwhile if I earn "enough"? Why should I bother?
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Financial Accounting

03/26/19

What are consolidated financial statements?
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Financial Accounting

03/19/19

What are accounting principles?
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Financial Accounting

03/19/19

What is an impairment?
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Financial Accounting Accounting Stocks Balance Sheet

03/19/19

Why doesn't change in accounts receivable on balance sheet match cash flow statement?
If we take a look at the [balance sheet] for Microsoft, I see `Net Receivables` as `21,485,000 [2014]` and `19,118,000 [2013]` On the [cash flow statement], I see `Changes In Accounts... more
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03/19/19

What are the three basic rules of accounting?
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Financial Accounting Accounting Quickbooks United States

03/19/19

How important is reconciling accounts for a small LLC (Quickbooks)?
We are in our first year of starting a small LLC. We are using Quickbooks Online and things are going well. The only exception is that, due to our lines of credit and bank accounts being personal... more
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Financial Accounting

03/18/19

What is the difference between paid-in capital and retained earnings?
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Financial Accounting Java Accounting Architecture

03/18/19

What technology should I use to create a distributed Accounting Software?
Here are my current options. 1. .Net : Using WPF, Visual C#, SQLServer 2. Java : Using Spring, Hibernate, Enterprise DB, web-based Can you suggest which one is better?, especially with regards... more
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Financial Accounting

03/18/19

What is an accounting period?
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