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Accounting Articles

September 6, 2014

In the first two parts of this article series, we discussed general capital lease accounting. For this final article, we値l take a brief look at a special kind of transaction called a sale-leaseback.

August 31, 2014

In the first part of this article series about capital lease accounting, we discussed accounting for the asset and related liability from the perspective of the lessee. Now we値l turn to other side of the transaction to look at accounting from the lessor痴 perspective.

August 24, 2014

In this three-part article series, we値l discuss the accounting treatment for various aspects of a leasing arrangement. This first part will cover capital lease accounting by the lessee (the party that takes possession of an asset in exchange for monthly lease payments).

August 17, 2014

This article touches upon accounting for stock options which was (and still is) a hot topic in the accounting realm.

August 10, 2014

Some costs are easy to identify as those which can be capitalized as part of inventory costs because they are clearly related to the manufacturing process.This is the case with direct costs and some indirect costs.Other costs are not as easy to analyze from the standpoint of inventory capitalization.In this article we will look at such costs and whether they should be included in inventory costs.

August 1, 2014

Some corporations are willing to sign stock purchase contracts with prospective shareholders. This is called a stock subscription, and the accounting treatment for such transactions is different than accounting for a regular stock issuance.

July 1, 2014

We have previously discussed various methods of estimating bad debt expense, including percentage of sales and percentage of accounts receivable. In this article, we expand on the percentage of accounts receivable method by incorporating accounts receivable aging.

June 9, 2014

What would happen to a corporation if the long-term CEO were to die? Some businesses carry life insurance policies for just such an event because of potential operation disruptions. In this article we値l discuss briefly the journal entries for business-owned life insurance (BOLI) policies.

June 2, 2014

The matching principle tells us to expense costs in the same period that those costs provide some benefit to the company. Interpretation of the matching principle gets a bit fuzzy when dealing with research and development.

May 13, 2014

Corporations are capable of purchasing its own shares of stock on the open market, but these types of transactions are not accounted for like normal investments. In this article, we値l go over basic accounting procedures to use when the company buys, sells, or retires treasury stock.

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