The consolidation pattern in price movements is broken upon a major news release that materially affects a security's performance or the triggering of a succession of limit orders. Consolidation is also defined as a set of financial statements that... Read more
The controller also helps guide a company’s strategic financial decisions, and is therefore integral to the financial health of the firm. If you’re aiming for this role, you’ll want to research controller salaries, skills and respo... Read more
Whether you’re posting entries manually or using accounting software, all revenue and expenses for each accounting period are stored in temporary accounts such as revenue and expenses. Your closing journal entries serve as a way to zero out te... Read more
Companies use payroll clearing accounts to hold funds for paying workers, covering payroll taxes, or both. Businesses can use clearing accounts to document all sales, items, fees, and shipping details, taxes, or other expenses that have not yet been... Read more
If, however, the expense is one that maintains the asset at its current condition, such as a repair, the cost is typically deducted fully in the year the expense is incurred. CapEx can be found in the cash flow from investing activities in a compan... Read more
They are customized to provide the information required for needed visibility, reporting, and compliance. Frequent changes to the numbering structure are not generallyencouraged as they can cause confusion, especially if not executed on a regular sc... Read more
The CD’s interest rate depends on the bank and the length of the term you sign up for, which can be a 6-month, 1-year, 3-year, 5-year term or longer. The longer the term, the higher the APY (annual percentage yield). If you’re looking fo... Read more
Because cashier’s checks usually have watermarks and require signatures from one or more bank employees, the bank has a reassurance that the check won’t be counterfeited. You don’t have to worry about sharing your personal checkin... Read more
Alternately, you risk the consequences of underreporting expenses, which might lead to overpaying taxes and putting you in hot water with the government. The cheapest and easiest internal control test is by involving the public. If a company requir... Read more
As one of the three main financial statements, the CFS complements the balance sheet and the income statement. In this article, we’ll show you how the CFS is structured and how you can use it when analyzing a company. Cash moves into... Read more
