And even many secessionist movements and rebel groups follow international humanitarian law — or at least publicly claim to — as a way to gain credibility. In this section, the symbols that are listed are used as some sorts of punctuation marks in mathematical reasoning, or as abbreviations of natural language phrases. Some were used…

These reports list all of the unrealized gains and losses that took place during the year and show how they contribute to the overall equity balance of the company. Another significant element is the impact of foreign currency translation statement of comprehensive income adjustments. Companies operating in multiple countries often deal with various currencies, and…

The sales price was set after management reviewed the product cost with traditional allocation along with other factors such as competition and product demand. The current sales price, cost of each product using ABC, and the resulting gross profit are shown in Figure 6.9. This costing system is used in target costing, product costing, product…

The services are the same whether you hire a local in-house bookkeeper or a freelance bookkeeper. If you’re big enough that you’re considering a controller but not big enough to need one full-time, an outsourced controller might be the right move. Outsourcing some or all of your accounting needs to an external third party can…

The effective annual rate (also known as the annual percentage yield) is the rate of interest that you actually receive on your savings or investment aftercompounding has been factored in. Note that you can include regular weekly, monthly, quarterly or yearly deposits in your calculations with our interest compounding calculator at the top of the…

The effective annual rate (also known as the annual percentage yield) is the rate of interest that you actually receive on your savings or investment aftercompounding has been factored in. Note that you can include regular weekly, monthly, quarterly or yearly deposits in your calculations with our interest compounding calculator at the top of the…

They compile detailed financial reports and explain their findings to executives and key stakeholders. Accountant consultants are well-versed in deciphering financial data to assess a company’s financial health. Spending time in various accounting roles—be it in a small firm, a large corporation, or independent practice—provides the valuable practical experience needed to understand the intricacies of…

The allowance can accumulate across accounting periods and may be adjusted based on the balance in the account. When an account defaults on payment, you will debit AFDA and credit the accounts receivable journal entry. Allowance for doubtful accounts is a dollar amount companies deduct from their receivables to account for unpaid invoices or debt.…

Ownership of the inventory is only transferred to the consignee upon sale to the end customer. At this time, the consignee recognizes revenue, and the consignor records the sale on the consignor’s financial statements. An example of consigned inventory is when a manufacturer or supplier provides goods to a retailer but retains ownership of those…