See Also: Accounting Income vs Economic Income Depreciation Cash Flow Statement Income Statement Generally Accepted Accounting Principles Goodwill Accounting Term The goodwill accounting term is an intangible asset. It represents non-physical assets, such as brand name and reputation, and shows up on the asset side of a company’s balance sheet. A company often acquires goodwill
See Also: How to Evaluate IT Systems Technology Assessment Criteria Technology Strategy for Small to Medium Sized Companies Backup and Disaster Recovery Solutions How to Respond to an Imminent Disaster Threat Choosing a Software Dealer Choosing the people to partner with you in software selection and implementation is very similar to getting married – with
See Also: Cash Flow After Tax 13 Week Cash Flow Report How to Produce Realistic Sales Projections Optimistic Projections Why Most Sales Projections Fail Cash Flow Projections Financial statements are the basic building block for understanding how a business is doing. They provide management a way to assess the results and consequences of past decisions.
See Also: Capital Lease Agreement Lease Agreements FASB Lease Accounting Changes A change in accounting rules implemented by The Financial Accounting Standards Board (FASB) has led to FASB lease accounting changes. Furthermore, the proposed lease accounting changes will bring a large amount of debt onto the balance sheets of companies that have large operating lease
See Also: Activity Based Management Capital Structure Management How to collect accounts receivable How to manage inventory Why Exit Planning Economic Value Added Definition Economic value added (EVA) measures the effects of managerial actions. It also focuses on managerial effectiveness in a given year. Economic Value Added Formula Use the following formulas to calculate the
See Also: Marginal Tax Rate Prepaid Income Tax Flat Tax Rates Tax Brackets Deferred Revenue Cash Flow After Tax Deferred Income Tax Definition In accounting, the deferred income tax definition is a liability listed on the balance sheet. It represents an obligation to pay taxes. Deferred Tax Asset and Liability Most large corporations prepare two sets
See Also: Deferred Income Tax Accrual Based Accounting Accounting Principles Generally Accepted Accounting Principles (GAAP) Financial Accounting Standards Board (FASB) Deferrals Definition A deferral is used in accrual based accounting when an asset or liability has not been realized. It is recognized however because it will be recognized at a future date. Often times, a
See Also: Balance Sheet Current Assets Fixed Assets Fixed Assets – NonCurrent Assets Current Liabilities Current liabilities is a category of liabilities on the balance sheet. The category also consists of debts and other financial obligations expected to be paid or settled within one year or within one normal operating cycle of the business (whichever
See Also: Current Liabilities Fixed Assets Chart of Accounts (COA) Working Capital Analysis Financial Ratios Intangible Assets Current Assets Definition Current assets, defined as a category of assets on the balance sheet which are expected to be used within one year or one normal operating cycle of the business (whichever is longer), are commonly part of the
See also: Capital Project Adding Value as a Financial Leader Balance the Balance Sheet Debit versus Credit Does Your Management Team Understand the Financials? When examining the term “contra asset account,” look no further than the root of contra to get a vague grasp of the definition. Because contra means “against,” one could quickly conclude
See Also: Accounting Income vs. Economic Income Accounting Income Definition Economic Income Income Statement Net Income Debt Restructuring Maximizing Your Bottom Line In 3 Simple Steps Net Profit Margin Analysis Define Comprehensive Income Define Comprehensive Income as the overall change in wealth for a company during a period. This includes not only the growth through
See Also: Price Earnings Growth Ratio Analysis Value Drivers: Building Reliable Systems to Sustain the Growth of the Business Income Statement Balance Sheet Cash Flow Statement Compound Annual Growth Rate Definition (CAGR) Definition The compound annual growth rate (CAGR), defined is the proportional growth rate from year to year for a business. It is essentially
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