Category: Bookkeeping

The full disclosure principle is important because it provides transparency and allows investors to make informed decisions. The principle is also important because it helps to ensure that companies are accountable for their actions. In some cases, it may also be difficult to determine what is considered material information and what is not. The company […]

Currently, indentures are used for some apprenticeship contracts in the U.S. For example, bond indentures are indentured trusts that delineate various interests when companies issue bonds in financing agreements. For example, a corporate indenture would be a deed describing terms and conditions for debt securities issuance. A trust indenture is a legal and binding contract […]

A dividend’s value is determined on a per-share basis and is to be paid equally to all shareholders of the same class (common, preferred, etc.). Dividends paid by funds, such as a bond or mutual funds, are different from dividends paid by companies. Funds employ the principle of net asset value (NAV), which reflects the […]

The CFPB accused the two companies of taking illegal advance fees from their clients through telemarketing, which violates federal law. Credit Saint is a solid choice for those seeking credit repair assistance, and its tiered services make it suitable for many situations. Its customer service team is also accessible through many channels if you have […]

They are very selective because the applicant they choose will soon become a fruit of their own tree and they certainly don’t want it to be a bad one. In the first section under Revenues, you’ll see each of Ford’s major revenue streams, including car sales under Automotive, Ford Credit, and Mobility. In the notes […]

Most reconciliation modules allow you to check off outstanding checks and deposits listed on the bank statement. In addition to this, the interest or dividends earned on investments is directly deposited into your bank account after a specific period of time. Therefore, you need to pass a journal entry in your books of accounts showcasing […]

As business transactions take place, the values of the accounting elements change. In accounting, we have different classifications of assets and liabilities because we need to determine how we report them on the balance sheet. The first classification we should introduce is current vs. non-current assets or liabilities. The accounting equation sets the foundation of “double-entry” accounting, since it […]

As business transactions take place, the values of the accounting elements change. In accounting, we have different classifications of assets and liabilities because we need to determine how we report them on the balance sheet. The first classification we should introduce is current vs. non-current assets or liabilities. The accounting equation sets the foundation of “double-entry” accounting, since it […]

The California Consumer Privacy Act provided key individual privacy rights, such as the right to stop the sale of personal info. CR fought efforts to weaken the legislation, mobilizing CR members to call on legislators to enact privacy protections. CR helped to mobilize support in Congress to create the CFPB, an independent agency responsible for […]

As their names indicate, direct material and direct labor costs are directly traceable to the products being manufactured. Manufacturing overhead, however, consists of indirect factory-related costs and as such must be divided up and allocated to each unit produced. For example, the property tax on a factory building is part of manufacturing overhead. The method […]