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Dictionary
Accounting Tags/Categories
- how to's
- accounts payable
- accounts receivable
- accruals
- accrual accounting
- activity based costing
- assets
- cash
- cost of sales
- deferrals
- financial ratios
- fixed assets
- fob
- general ledger
- intangible assets
- inventory
- liabilities
- reconciliations
- revenues
- journal entries
- debits
- credits
- expenses
- internal controls
- balance sheet
- income statement
- cash flow statement
- equity statement
- equity
- accounting principles
- accounting assumptions
- accounting & computers
- bookkeeping
- auditing
- payroll
- accounting careers
- accounting research and facts
- Manufacturing and Nonmanufacturing Costs
- business analytics
Financial Accounting Tutorials
- Introduction to Accounting
- Accounting for Accruals
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Accounting for Deferrals
- Double-entry Accounting System
- Accounting in Merchandising Companies
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Accounting for Advanced Accruals
- Accounting for Inventories
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Accounting for Long-term Assets
- Introduction to Internal Controls
Managerial Accounting Tutorials
- Accounting Cost Behavior
- Accounting Cost-Volume-Profit Analysis
- Manufacturing and Nonmanufacturing Costs
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Activity-Based Costing (ABC)
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Liquidity and Working Capital Analysis
- Direct Costs in Standard Costing
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Overhead Costs in Standard Costing
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Time Value of Money
- Profitability and Coverage Analysis
-
Budgeting
Advanced Accounting Lectures & Articles
- How to prepare bank account reconciliation
- How to prepare general ledger to sub-ledger reconciliation
- Physical inventory procedures
- Activity-based management (ABM)
- How to accrue for and record utility expenses
- How to prepare balance sheet
- How to account for land improvements
- Payroll accounting and examples
- Two ways of accounting for prepaid expenses
- Accounting and procedures for petty cash
- How to account for customer returns
- Helpful tips on cash management and controls
- How to calculate accrued payroll
- Accounting for consigned goods
- Effective interest rate in the context of loans
- Chart of accounts in business accounting
- How to recognize revenue when rights of return are present
- Percentage-of-sales approach and percentage-of-receivables approach
- Accounting for repair and maintenance costs
- Accounting for delinquency fees and prepayment fees
- When are expenses recognized?
- How to analyze accounts receivable
- To capitalize or to expense
- Accounting for short-term investments
- Accounting for obsolete inventory
- Accounting for advances to employees and officers
- Accounting for common stock issuance
- How to account for an increase in the useful life of a fixed asset
- How to estimate the useful life of a fixed asset
- Accounting record keeping policies and procedures
- Accounting for consignment inventory at a buyer’s warehouse
- Use of salvage value in declining balance depreciation methods
- Accounting for unusual account balances and offsetting
- Lease accounting for escalating rent payments or rent holidays
- Short and long-term classification of certain assets and liabilities (Part I)
- Short and long-term classification of certain assets and liabilities (Part II)
- Accounting for deferred financing costs
- Discounted cash flow information and application
- Description of job costing in accounting
- Description of process costing in accounting
- Basics of partnership accounting (Part I)
- Basics of partnership accounting (Part II)
- Introduction to non-for-profit accounting
- Basics of accounting for foreign currency transactions
- Introduction to accounting for preferred stock
- Bond accounting principles
- Corporate financial statements and reports (Part I)
- Corporate financial statements and reports (Part II)
- Revenue recognition methods for installment sales
- Overview of the accounting profession
- Equity investment accounting methods
- Segment reporting
- Aging of accounts receivable and bad debt expense
- What is an intercompany reconciliation?
Accounting Questions & Answers (Q&A)
- What are FOB shipping terms?
- What is construction in progress (CIP)?
- What are differences between current and non-current assets or liabilities?
- What are differences between creditors, debtors, crediting and debiting?
- What are intangible assets?
- How to account for sales taxes?
- What is the meaning of accrued in accounting?
- What do negative cash balances mean?
- What is restricted cash and how to present it?
- What is cookie jar accounting?
- What are contingent liabilities?
- What are defined benefit and defined contribution pension plans?
- What is unearned (deferred) revenue?
- What are basic accounting principles and assumptions?
- What are advantages of computerized accounting?
- How is bookkeeping different from accounting?
- What are absorption, variable, and throughput costing approaches?
- What are International Financial Reporting Standards (IFRS)?
- What do 2/10, n/30 invoice terms mean?
- Differences between cash dividends and stock dividends
- What differences exist between balance sheet and trial balance?
- What is difference between accounting and auditing?
- What is operating period in accounting?
- What are Generally Accepted Accounting Principles (GAAP)?
- What is price-to-book ratio?
- What are convertible debt securities?
- What is limited liability company?
- What is stale check?
- How to account for customer's advance payment?
- How to account for bank deposits?
- Where are dividends presented on balance sheet?
- What is reorder level of stock?
- What accounts are not closed at period end?
- When is physical inventory usually taken?
- What are long-term accruals?
- Why isn't variable costing used for financial reporting?
- What is bill of materials?
- What does indorsement mean?
- What is window dressing in accounting?
- Who is the father of modern accounting?
- What is the relationship between accounting period assumption and matching principle?
- What is the relationship between effective interest rate and compound interest?
- What is goodwill in accounting?
- What are acquisition costs in purchase accounting?
- What are the differences among accounting revenue, gain, and net income?
- What are the budget types in accounting?
- What is payback period?
- What are non-operating revenues and expenses?
- What is residual income in accounting?
- What is the total cost concept in managerial accounting?
- What is incentive compensation?
- What are career opportunities in accounting?
- What is the quality of earnings in accounting?
- What is Sarbanes-Oxley Act (SOX)?
- What are the exceptions to basic accounting principles
- What are retained earnings?
- What are debt covenants?
- What are discretionary costs?
- What are the qualities of accounting information?
- What is operating leverage?
- What is stock split?
- What is the cost of quality in accounting?
- What are operating activities in accounting?
- What is the difference between investing and financing activities?
- What is the difference between financial and managerial accounting?
- What are long-term liabilities?
- What is the quality of income?
- What is the relative value of growth?
- What are reversing journal entries?
- What are the valuation approaches to measure intangible assets?
- What is production budget?
- Significant accounting policies in financial statements
- What are notes receivable?
- What are the types of working capital?
- How to account for the payment of income taxes
- Accounting for self-constructed fixed assets
- What is IRS classification of tax-exempt organizations
- Leasehold improvements and their amortization
- What are sunk costs in accounting?
- What is the impact of not depreciating fixed assets?
- Accounting for donated fixed assets
- What types of subsidiary ledgers are used in manufacturing companies (Part I)?
- What types of subsidiary ledgers are used in manufacturing companies (Part II)?
- What is a fixed asset rollforward?
- What are special journals in accounting?
- Accounting for preproduction costs related to long-term supply arrangements
- Accounting for prepaid insurance with fully quoted annual premiums
- Accounting for bank and book overdrafts and their cash flow presentation
- Accounting for standard and extended warranties
- Description of lapping schemes and internal controls to help avoid them
- What is par value of a stock?
- The closing process and Income Summary account
- Cost of capital (Part I) – Theory and concepts
- Cost of capital (Part II) – Practical applications
- The CPA exam
- Basic and diluted earnings per share (EPS)
- Description of discontinued operations in accounting
- Basics of accounting for treasury stock transactions
- Extraordinary items in accounting
- Accounting for research and development costs
- Accounting for business-owned life insurance policies
- Derivatives and hedging
- Accounting for nonmonetary exchanges
- Should fixed assets in pre-operating periods be depreciated?
- Accounting for stock subscriptions
- Treatment of warehousing and similar costs
- Basics of accounting for stock options
- Capital lease accounting by lessee
- Capital lease accounting by lessor
- Accounting for sale-leaseback transactions
- Component and group depreciation
- Accounting for appropriated retained earnings
- Is depreciation a direct or indirect expense?
- Accounting for unusual dividends
- Introduction to early debt extinguishment
- What are progress billings for long-term projects?
- Principles of long-term contract accounting
- Introduction to variable interest entities (VIE)
- Consolidation, equity method accounting and cost accounting for investments
- Basics of quasi-reorganizations in accounting
- Troubled debt restructuring in accounting
- How deferred taxes are presented in the cash flow statement
- Can intangible assets be created based on a valuation report?
- The nature of warrants in accounting and finance
- The way economies of scale work
- Introduction to internal controls
- Interest capitalization during fixed asset construction
- Basics of accounting for convertible bonds
- Make or buy decisions
- Revaluation of fixed assets under US GAAP
- Basics of stock warrant accounting
- Which method of cash flow is the easiest and fastest to prepare
- The role and nature of internal audit
- Bargain purchases in business acquisitions
- Sensitivity analysis in accounting
- Confirmations and their use in accounting and auditing
- What income statement account is linked to inventory on the balance sheet?
- What is meant by materiality in accounting?
- Let’s talk about out-of-balance accounts in accounting
- Weaknesses of traditional costing
- Effect of CEO origin on accrual-based earnings management
- Accounting for trademarks
- How voluntary nonfinancial disclosure affects the cost of equity capital
- A different approach to activity-based costing (ABC)
- Why students select audit or tax in public accounting
- Let's talk about royalties in accounting
- Differences between a capital goods acquisition and a purchase of inventory
- How do accounts payable differ from expenses?
- What are the type of errors affecting financial statements?
- Does an inventory related accounting standard encourage overproduction?
- Most common accounting errors in nonprofit organizations
- Types of subsidiary ledgers and special journals
- Impact of material weaknesses in internal controls on operational performance
- How to use trend analysis in accounting?
- Examples of trend analysis in accounting and auditing
- Are audit fees lower when auditors trust management more?
- Types of debt securities in accounting
- Ten reasons working capital requirements can increase
- Periodic accruals of annual expenditures
- When and why to use flexible budgets
- Most popular accounting articles in 2015
- Different classifications of costs
- Example of customer profitability analysis using accounting data
- Accounts payable best practices
- Accounts receivable best practices
- Inventory best practices
- Fixed asset best practices
- The status of work-life balance issue in the accounting profession
- Does talent acquisition problem exist in internal auditing?
- Three-way match as an internal control
- Why companies need budgets
- Should we abandon the annual budget process?
- Rolling budgets as a supplement to annual budgets
- Are there changes in the work-life balance and attractiveness of public accounting?
- A few words about underreporting hours in audit firms
