Accounting articles

Apportionment — AccountingTools

Apportionment — AccountingToolsA single sales factor apportionment formula undercuts one of the fundamental rationales for a corporate income tax, which is that a corporation should pay taxes to a state as compensation for the benefits it receives fr... Read more

BSc Applied Accounting

BSc Applied AccountingBut to succeed as a financial professional in today’s competitive landscape, you need more than numerical know-how; you need the expertise to conduct analysis and leverage data to drive business decisions. That’s exactly what th... Read more

Ordinary Annuity Definition

Ordinary Annuity DefinitionIn return, the insurer (the insurance company) agrees to make periodic payments to you (the insured) beginning immediately or at some date in the future. The information provided is not intended to be a recommendation to pu... Read more

Amortization schedule — AccountingTools

Amortization schedule — AccountingToolsAmortization in ActionEach time you make a payment on a loan you pay some interest along with a part of the principal. The principal is the original loan amount, or the balance that you must pay off. By making r... Read more


GoodwillThis differs from tangible assets which are depreciated (resulting in a depreciation expense) over their useful life. U.S. GAAP has very specific rules regarding the recognition of intangible assets on financial statements. With that said, a... Read more

Amortization of Financing Costs

Amortization of Financing CostsAccounting On Us Newsletter SignupConsequently, as a bond's book value increases, the amount of interest expense increases. Additionally, amortization of these costs should now be recorded as interest expense. Going for... Read more