Category Archives: Bookkeeping
Accounting Technology: What it is and how it works
| Apr062023While machine learning understands certain things it’s programmed to look for, the human side connects all life experiences to help navigate future
read moreHow do I amend my 2022 tax return to correct my Michigan state tax liability?
| Apr052023To qualify to deduct the expenses for the business use of your home under the principal place of business test, your home
read moreUnits of Production Depreciation Calculator iCa
| Mar292023To use this method, the owner must elect exclusion from MACRS by the return due date for the tax year the property
read moreWhat Is the Unit of Production Method & Formula for Depreciation?
| Mar282023Depreciation is a process of deducting the cost of an asset over its useful life.[3] Assets are sorted into different classes and
read moreStandard Costing Advantages, Nature & Purpose, Applicability
| Mar202023The unreal high standards may adverse by effect the morale of workers rather than working as an incentive for better efficiency. Standard
read moreWhy It Matters: Standard Cost Systems Managerial Accounting
| Mar172023Under an actual cost system, unit costs for batches of identical products may differ widely. For example, this variation can occur because
read moreWhat conditions cause a discount on bonds payable?
| Sep072022The reason is that the bond discount of $3,851 is being reduced to $0 as the bond discount is amortized to interest
read moreBonds payable definition
| Sep052022This will be compared to the principal paid for the bond (the present value of the total dollar value repaid to investors
read moreWiley GAAP 2023: Interpretation and Application of Generally Accepted Accounting Principles
| Jul262021Any external party looking at a company’s financial records will be able to see that the company is GAAP compliant, making it
read moreUS GAAP: Generally Accepted Accounting Principles
| Jul242021Without that trust, we might see fewer transactions, potentially leading to higher transaction costs and a less robust economy. GAAP also helps
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