Content Description Of a Junior Accountant National Average Salary The Differences Between Bookkeepers vs. Accountants vs. CPAs More ways to find jobs Construction Accountant Interview Questions Receive and record cash, checks, and vouchers; reconcile bank account statements. Vendor Invoices, 6%Analyzed/reconciled vendor invoices/inventory receipts with operating reports. Data Entry, 15%Analyzed inventory receipts for correct data entry…
Content Straight-Line Depreciation Explained Video Explanation of How Depreciation Works Depreciation Expenses: Definition, Methods, and Examples To deduct certain expenses on your financial statements Example of Straight Line Basis Daniel is an expert in corporate finance and equity investing as well as podcast and video production. Note how the book value of the machine at…
Content Contra Accounts contra asset account Understanding Contra Accounts What is a contra asset account? What Are the Consequences of Overstating Your Accounts Receivable? Example of a Contra Account Many or all of the products here are from our partners that compensate us. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.…
Content Temporary and Permanent Accounts – Closing Entries & The Examples of temporary accounts vs. permanent accounts What Are Temporary Accounting Accounts? Temporary or Permanent? What Are Good Examples of Temporary Accounts? Related Accounting Q&A Temporary account definition When you accept a customer payment in the amount of $150, you are impacting both an asset…
Content Company How Net & Gross Income Affect Your Budget How to Calculate Your Net Income How to convert net to gross income Net income vs Gross income: What’s the Difference? Net income is synonymous with a company’s profit for the accounting period. In other words, net income includes all of the costs and expenses…
Content Closing Entries: Everything You Need to Know How to Increase a Dividend, Debit, or Credit in Accounting Purpose of closing entries accounting What Is the Difference Between Retained Earnings and Revenue? What Is Wrong if a Company Doesn’t Complete the Closing Entries? Statement of Retained Earnings If an adjusting entry is not made for…
Content What Does a Business Manager Do? Continuing Education CPA vs Accountant: What Is the Difference? Difference Between Accounting vs CPA While all of these professionals handle the finances and work towards a common end goal, their scope of work varies drastically. Along with the scope of work, there is also a difference between their…
Content Want to publish in Law360? IR&D, B&P, Selling and Related Costs Under Federal Government Contracts – A Practical Guide How to Get a Government Contract 504 Indefinite-quantity contracts. Subpart 16.1 – Selecting Contract Types Defense.gov NJ Firms Pay $8M To Settle Vet-Owned Contract Fraud Claims Federal Material The established ceiling price may be adjusted…
Content History of the Organization What is the FASB? FASB issues proposal to improve accounting for investments in tax credit structures FASB 11 concepts FASB Seeks Input on Proposed Improvements to Accounting for Joint Venture Formations [10/27/22] The Differences Between GASB vs FASB Standards Boards FASB also allows businesses to choose how they depreciate assets…
Content The Three Main Internal Controls for Accounting and How They Protect Your Assets How to Use Internal Controls? Systems Understanding Internal Controls Assigning Specific Duties (Establishing Responsibility) Why are internal controls important? The control environment is the basis for all other elements of the internal control structure. The control environment includes many factors such…
