Accounting Category: Journal entries

Accounting Articles

December 15, 2015

This articles talks about one way (among others) to perform periodic accrual of annual (quarterly, etc.) expenditures.

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).

March 22, 2014

Many sales transactions are paid for immediately by the customer, and are relatively straightforward to account for. On the other hand, a sales contract might call for annual payments. The question then becomes, when should revenue be recognized? There are three general ways to account for the sale revenue, and the method used depends on the reliability of future cash payments.

March 2, 2014

In theory, bonds are easy to account for. A long-term liability is established on the balance sheet, and periodic interest expense is applied to the calculation of net income. When the bond is repaid, the liability is cleared from the balance sheet. Not all bonds, however, are that simple to handle.

February 23, 2014

There are three main forms of financing available to a corporation. In this article, we discuss preferred stock, the middle-of-the-road option that sits between debt and common equity.

February 15, 2014

Long gone are the days where large companies only sell products in one country. The growth of the global economy has provided many opportunities for growth, but that growth has brought with it unique accounting challenges. In this article, we値l describe several common issues associated with accounting for transactions in foreign currencies.

February 9, 2014

Most articles on this site deal with companies that operate for profit. In this article, we discuss a few differences encountered when accounting for companies that have non-for-profit purposes.

February 3, 2014

In the last article, we discussed partner capital accounts, contributions, and withdrawals, as well as the allocation of periodic income. Now we値l look at how to account for the termination of a partnership.

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