Recent content by Samuel

I recently received a job offer, but after considering the role, compensation, and long-term goals, I don’t think it's the right fit for me. I want to decline politely without burning bridges or sounding ungrateful. For those who have done this before, what’s the best way to reject an offer...

Bonds are the most frequent sort of debt certificate purchased by an investor. An investor's debt to a borrower, like a government agency or firm, is represented by a bond. In return for the loan, the issuer pledges to repay the principal amount at a predetermined date and make regular...

The way financial transactions are documented in accounting is referred to as debit vs credit. A debit increases assets or expenses and decreases liabilities or equity. A credit reduces assets while increasing liabilities, revenue, or equity. In banking, a credit adds money to an account...

Current assets are resources a firm plans to turn into cash or use up within one year, such as cash, inventories, accounts receivable, and short-term investments. They show a company's short-term financial health and liquidity by helping to pay for regular bills and obligations.

A classified balance sheet is a financial statement that organizes a company's assets, liabilities, and equity into meaningful subcategories, such as current vs. long-term, to provide a more detailed view of its financial health. i also came across the forum of What is a balance sheet?

Bad debt is recorded as an expense, not a direct loss. It appears on the income statement as bad debt expense, reflecting amounts a business does not expect to collect from customers. However, it ultimately reduces profit, so in economic terms it represents a loss to the company.

This is how to create a balance sheet 1. Choose a date A balance sheet shows a company’s financial position on a specific day. 2. List Assets (what the company owns) Current assets: cash, inventory, receivables Non-current assets: equipment, buildings, long-term investments Add them to get...

A non-current asset is a long-term investment or resource that a company expects to use for more than one year. These assets are not intended for immediate sale and include property, equipment, intangible assets, and long-term investments, contributing to a company's future economic benefits.

Salaries payable is a current liability that represents the amount of money a company owes its employees for wages or salaries that have been earned but not yet paid. It is recorded in a company's accounting books when the payroll period ends but before the employees are paid, and it is reduced...

To answer your question, are goldbacks a good investment? The goldbacks may be an exclusive product, and as such, they can provide exposure to the gold in a portable and fractional form. Nonetheless, they are subject to market prices and gold prices. They are not as liquid and popular as...

Hi everyone, I keep coming across the term CRN, but it seems to have different meanings depending on the context. In some places, it’s related to banking or tax identification; in others, it’s mentioned in education or healthcare. Can someone explain what CRN stands for and how it’s commonly...

I’m trying to understand how do you void a check properly without causing accounting or payroll issues. Sometimes mistakes happen—like entering the wrong amount or paying the wrong person—so knowing how to handle it correctly seems important. Can someone explain the step-by-step process for how...

The senior executive in charge of overseeing a company's financial stability and strategic orientation is known as the chief financial officer, or CFO. Among their duties are financial reporting, risk management, financial planning, and compliance. In addition to giving the CEO and board...

We divide the change in total cost by the change in quantity produced to get marginal cost. The equation is: Change in Total Cost divided by Change in Quantity equals Marginal Cost (MC). It helps firms make decisions about pricing and production by showing how much an additional unit of...

The financial strategy of marketing operations is supervised by a corporate marketing CFO, who also manages budgets, forecasts return on investment, and synchronizes marketing expenditures with business objectives. They guarantee financial responsibility, profitability, and effective resource...