Cash in the current year is $110,000 and total assets equal $250,000, giving a common-size percentage of 44%. If the company had an expected cash balance of 40% of total assets, they would be exceeding expectations. This may not be enough of a difference to make a change, but if they notice this deviates from […]
Non-recurring items represent any items in the income statement which are not part of the ongoing operations of the business. Having developed a keen interest in finance, I decided on a career switch to the finance field and enrolled into the CFA program at the same time. We have an irresistible offer for you to […]
The carrying value of an asset decreases more quickly in its earlier years under the straight line depreciation compared to the double-declining method. Double-declining depreciation charges lesser depreciation in the later years of an asset’s life. In the last year of an asset’s useful life, we make the asset’s net book value equal to its […]
Employees also have access to these reports and can also use them to understand how they can be more productive and efficient. The Basic plan is for $7 per user, per month, but if you pay annually, it’s $5.90 per month. It includes tools for time tracking, tasks and project management, unlimited screenshots and activity […]
As outsourcing gains wider use, the report found 90% of surveyed CFOs outsource some of their accounting functions, and 90% of those respondents said they can easily find qualified accountants when they need them. That enables them to leverage specialized talent to maintain efficiency and focus on strategic goals. Amid this identity crisis, firms are […]