The Future of Space Exploration
The Future of Space Exploration: CubeSat Cameras As technology continues to advance, the world of area exploration is being revolutionized by innovative developments like CubeSat cameras. These small, cube-shaped satellites geared up with high-resolution cameras are altering the way we gather information and conduct analysis in outer space. What are CubeSat Cameras? CubeSat cameras are […]
How to Get Yardi Software Training
Examples include online leasing, payment processing, maintenance workflows for mobile devices, procurement of goods, accounting and finance analytics. There will always be a long list of cutting-edge tech solutions tenants come to ask your teams about. Maybe residents want to pay rent online or outfit their unit with convenient features like remote locks and lights. […]
What is materiality? The AICPA definition of materiality changes
Information contained in the financial statements must therefore be complete in all material respects in order for them to present a true and fair view of the affairs of the entity. In December 2019, the Auditing Standards Board issued Statement on Auditing Standards No. 138, Amendments to the Description of the Concept of Materiality (SAS […]
How you can get the most out of Your Digital Marketing Attempts
Digital marketing is the procedure for using electronics to promote then sell products or services. It involves the use of online media, social networks, search engines, email, mobile programs and websites. Digital marketing can be used by virtually any business to attain customers. It is now an essential component to any business’s marketing strategy, as […]
What Is Materiality in Accounting?
It’s important to recognise that an item’s immateriality isn’t solely based on it falling beneath a specified quantitative threshold. For instance, if a misstatement is deliberately made to achieve a specific presentation or outcome, it’s deemed material, regardless of its value (IAS 8.8/41). This arises because such a misstatement wouldn’t have occurred if the entity […]
Work in Process WIP Inventory & How to Calculate
This helps you monitor the progress of WIP items, identify bottlenecks in the production process, and make data-driven decisions about your inventory. Generally, work in process refers to manufactured products that move from raw materials to finished products quickly. For example, a bakery with 50 batches of bread in production is a work in process. […]
12 Key Trucking Company Bookkeeping Tips and Best Practices
Comparing your data to other owner-operators allows you to see the areas where your business is performing better than your peers, as well as the areas where you can improve. A good bookkeeper will be able to use this information to help you figure out where to make adjustments in your business to both earn […]
What is the accounting equation?
The monthly trial balance is a listing of account names from the chart of accounts with total account balances or amounts. Total debits and credits must be equal before posting transactions to the general ledger for the accounting cycle. You may have made a journal entry where the debits do not match the credits. This […]
The purpose of the statement of cash flows
Together, these different sections can help investors and analysts determine the value of a company as a whole. Revenue is the money a business makes from the sale of its products or services. It shows how successful the company has been at selling its products or services. As we have seen from our financial model […]
Liability Definition, Accounting Reporting, & Types
However, it should disclose this item in a footnote on the financial statements. The classification is critical to the company’s management of its financial obligations. A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. […]