Statement of Retained Earning
Statement of Retained Earning is a financial statement that shows the changes in a company’s retained earnings over a specific period of time.
Statement of Cash Flows: IFRS vs. US GAAP
ASC 230 and IAS 7 are provided guidelines for the preparation of cash flow statement prescribed by US GAAP and IFRS, respectively.
Break-Even Analysis: Formula & Example
At the point where total revenues and total cost becomes equal, this phenomenon is known as Break-even analysis.
Ratio Analysis in Accounting
Ratio Analysis is broadly categorized into four main types; Liquidity Ratios, Activity Ratios, Profitability Ratios, & Leverage Ratios.
Prepare Balance Sheet in 8 Easy Steps
Prepare Balance Sheet in 8 Easy Steps The most crucial thing is to balance it when we are talking about how to prepare a balance sheet. No, it’s not. There are some important points to follow to get accurate results. Here, you go. In this article, you will get clear insights on how to prepare …
Income Statement Template – Free Download
You know you can prepare your income statement in just a click. In AD’s income statement template, you just have to put your figures and you will get your income statement in a minute.
Current Ratio- Formula, Interpretation & Example
The current ratio of a company identifies the ability of a company to pay its short-term financial obligations.
How To Prepare An Income Statement?
Preparing an income statement requires 8 steps: Calculate Net Sales, Calculate COGS, Calculate Gross Profit, Calculate Operating Expenses, Calculate Operating Income, Calculate EBIT, Calculate EBT and Calculate Net Income.
𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐑𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞 𝐓𝐮𝐫𝐧𝐨𝐯𝐞𝐫 𝐅𝐨𝐫𝐦𝐮𝐥𝐚- 𝐒𝐭𝐞𝐩 𝐛𝐲 𝐒𝐭𝐞𝐩 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧
Account receivable turnover formula ac indicates how many times you receive payment for your credit sales or convert it into cash in a given period.
𝐔𝐧𝐞𝐚𝐫𝐧𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐖𝐡𝐞𝐧 𝐈𝐭 𝐁𝐞𝐜𝐨𝐦𝐞 𝐄𝐚𝐫𝐧𝐞𝐝?
𝐔𝐧𝐞𝐚𝐫𝐧𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐖𝐡𝐞𝐧 𝐈𝐭 𝐁𝐞𝐜𝐨𝐦𝐞 𝐄𝐚𝐫𝐧𝐞𝐝? The questions like what is unearned revenue? How to calculate it and recognize it? When is it transferred from the balance sheet to the income statement? All these questions are addressed here just read ahead! What Is Unearned Revenue? Unearned revenue can also be called deferred revenue. It is the …
𝐏𝐞𝐭𝐭𝐲 𝐂𝐚𝐬𝐡 𝐈𝐬 𝐀𝐧 𝐀𝐬𝐬𝐞𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭
Is Petty Cash An Expense Account or Asset Account? Petty Cash is not an expense account, it is an asset account.
𝟑 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐌𝐞𝐭𝐡𝐨𝐝𝐬 𝐨𝐟 𝐏𝐫𝐞𝐩𝐚𝐫𝐢𝐧𝐠 𝐂𝐚𝐬𝐡 𝐁𝐮𝐝𝐠𝐞𝐭
Three methods of preparing Cash Budget: 1.Receipt and payment method 2.Adjusted profit & loss method/Cash Flow Method 3.Balance Sheet Method.
Cash Budget Format: Solved Example
Four easy steps to prepare cash budget: Define the period, Decide the desired cash position, estimate cash inflows outflows.
𝐀𝐧𝐚𝐥𝐲𝐳𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲: 𝟓 𝐁𝐞𝐬𝐭 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐑𝐚𝐭𝐢𝐨𝐬
Using cash flow analysis ratios, a company seeks out how much cash it has, where its cash is going, and what it needs to do to maintain!
Cash Flow Statement- Format With Solved Example
Cash Flow Statement helps to track cash inflow and outflow. CFS has three main parts: operating, investing, and financing activities.
Working Capital Vs Current Ratio: Difference Explained With An Example
Working Capital is the leftover amount after paying operating expenses whereas the Current Ratio determines the efficiency of current assets over current liabilities.