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Managerial Accounting Budget

04/12/19

Logistics of managing the daily budget?

My wife and I have historically struggled with managing our budget. Not because our money priorities are out of whack, or we have too much debt, etc. Rather it's just a time issue. One person has... more

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Managerial Accounting Budget Online Shopping Cash

04/11/19

How to use a cash budget and buy items online?

Using a cash budget, say we save $100 for household items. Typically, we would withdraw $100 from the ATM, put it in an envelope, and then later, go to home depot or walmart or wherever and buy an... more

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Managerial Accounting Budget

04/11/19

Weekly budgets based on (a variable) monthly budget?

My brother is a musician and works on a project basis -- the company pays him in the end of month, based on the hours he was working on each project. He is young and he doesn't make that much on a... more

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Managerial Accounting Accounting Double Entry

04/06/19

Accounting: Should a fee on an amount payable be applied in AR or AP account?

An application I'm building has a simplistic double-entry accounting component to it to keep track of funds passed owed to various parties. I'm unclear on how certain entries should be applied.... more

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Managerial Accounting Accounting Double Entry Gnucash

04/04/19

In double entry accounting, how do I enter a loan?

I have taken an accounting course several years ago, but I'm a little rusty. I'm using GnuCash, double entry accounting software. I have a loan from a friend, so no interest. I have paid about... more

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Managerial Accounting Accounting Bookkeeping Double Entry

04/04/19

In double-entry book keeping, how should I track planned expenses?

So, I'm working on getting a bit better at managing my household finances and am currently working to learn double-entry bookkeeping. One thing I need to separate out and track a little better is... more

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Managerial Accounting Accounting Corporation

04/03/19

What forces cause a company to write down goodwill?

Consider TimeWarner: In 2002, $128Billion of its $209Billion in assets was Goodwill. What forced them to write down this goodwill to $37billion a few years later?

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Managerial Accounting

03/27/19

What is the budgeted ending cash balance in February?

Sales in January are expected to be $100,000 and $200,000 in February. Sales are 40% cash. Credit sales are collected 30% in month of sale and 70% in the month following. Cash purchases of... more

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Managerial Accounting

03/27/19

What is the main focus of managerial accounting?

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Managerial Accounting Accounting Quickbooks Balance Sheet

03/26/19

Quickbook Balance Sheet showing strange numbers (to me at least)?

I have been using quickbooks for some time (less than a year) and today when I was looking at my balance sheet I noticed something that seems really strange to me. My Total Assets number is... more

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Managerial Accounting Accounting

03/26/19

How to journal an expenditure that provided no value?

Let's say I buy a logo on a service like Fiverr for $5.50. The logo doesn't meet my needs, but I'm still obligated to pay the graphic artist for services rendered. If the logo had met my needs,... more

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Managerial Accounting Accounting Bookkeeping

03/26/19

Help in understanding a basic accounting principle?

An entry which increases an asset account is called a debit.' So if my bank account is my asset account, when I debit money, money actually goes out so it is a 'decrease'. But the above statement... more

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Managerial Accounting Accounting Quickbooks Small Business

03/19/19

As a small business owner should I have a separate account for payroll?

Note: I'm currently using cash basis accounting. Just recently I've started using QuickBooks Online to keep track of my profit and loss as well as pay my employees. The problem I'm facing is that... more

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Managerial Accounting Accounting Financial Statements

03/19/19

Balance sheets & bad debt accounts?

I have a confusion as to whether bad debt accounts are factored into the accounts receivable of a company's balance sheet? To clarify/illustrate my question, If a company is expecting $3000 in... more

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Managerial Accounting Accounting Tax Accounting Financial Accounting

03/19/19

What are the three basic rules of accounting?

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Managerial Accounting Accounting Terminology

03/19/19

Debit/Credit confusion?

For an asset account, I've learned that debit increases the balance. This makes perfect sense. So that it's straightforward to calculate net worth, it would make sense that when I buy something on... more

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Managerial Accounting Accounting

03/19/19

Assigning transactions to projects in Ledger?

I find I really want to add an additional, orthogonal layer to the account hierarchy. Quicken and Quickbooks lets you do this, but I'm not sure what the best way is in Ledger. I wish I could do... more

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Managerial Accounting Accounting Quickbooks Expenses

03/18/19

How to record expense sheet as journal entries in Quickbooks Online?

Let's say I own a business and I make 3 business-related purchases on my personal credit card in August. Given the following example expense report: - 08/01/2011 - $20 - Web Hosting - 08/05/2011 -... more

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Managerial Accounting Accounting Cash Flow Financial Statements

03/18/19

Calculating the total capital of a company?

I was wondering how do we calculate the total capital of a company? Which items should I look for in the financial statements? And how do I calculate notes payable? Is the same as accounts payable?

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Managerial Accounting Accounting Economics Terminology

03/15/19

Account that is debited and account that is credited?

As a non-English-native person, I somehow find it difficult to understand the following: When an account is said to be debited, what does this mean? How does this differ from an account that is... more

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Managerial Accounting Accounting Terminology Financial Literacy

03/14/19

Is there a difference between managerial accounting and financial accounting?

In many universities and schools, there is both a Managerial Accounting and a Financial Accounting course. From what I can gather, Financial Accounting covers accounting from an perspective of an... more

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Managerial Accounting Financial Accounting

03/12/19

What is the difference between financial accounting and management accounting?

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Managerial Accounting

02/13/19

managerial accounting

Fanning Air is a large airline company that pays a customer relations representative $10,000 per month. The representative, who processed 1,070 customer complaints in January and 1,350 complaints... more

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Managerial Accounting Accounting

11/30/18

What was the gain/loss on disposal of the machine?

Francisco purchased a machine on January 1, 2012 for $600,000. Francisco estimated a useful life of 10 years and residual value of $10,000. The company uses straight-line depreciation. The machine... more

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Managerial Accounting

03/29/18

In regards to conversion, how many total equivalent units are there by the end of the period?

Marquita Filters produces an air filter used in jet aircraft. Parts are added at several points in their process. In August, production began with 600 filters in work in process. During the month... more

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Logistics of managing the daily budget?

How to use a cash budget and buy items online?

Weekly budgets based on (a variable) monthly budget?

Accounting: Should a fee on an amount payable be applied in AR or AP account?

In double entry accounting, how do I enter a loan?

In double-entry book keeping, how should I track planned expenses?

What forces cause a company to write down goodwill?

What is the budgeted ending cash balance in February?

What is the main focus of managerial accounting?

Quickbook Balance Sheet showing strange numbers (to me at least)?

How to journal an expenditure that provided no value?

Help in understanding a basic accounting principle?

As a small business owner should I have a separate account for payroll?

Balance sheets & bad debt accounts?

What are the three basic rules of accounting?

Debit/Credit confusion?

Assigning transactions to projects in Ledger?

How to record expense sheet as journal entries in Quickbooks Online?

Calculating the total capital of a company?

Account that is debited and account that is credited?

Is there a difference between managerial accounting and financial accounting?

What is the difference between financial accounting and management accounting?

managerial accounting

What was the gain/loss on disposal of the machine?

In regards to conversion, how many total equivalent units are there by the end of the period?

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