Journal Entry Examples
After carrying out a business transaction, it is recorded in a book known as the general journal. The general journal is usually used in the first phase of accounting. It has all original transactions recorded in it, in chronological order. This is why it is also known as the book of original entry, chronological book, […]
Accounting rate of return FFM Foundations in Financial Management Foundations in Accountancy Students
Other factors such as risk, time value of money, and cash flows should also be considered. Furthermore, the accounting rate of return does not account for changes in market conditions or inflation. Therefore, it is important to use this metric in conjunction with other financial analysis tools to make sound investment decisions. Discover how to […]
Construction CPA Accounting Services in Phoenix Scottsdale AZ
When you choose Oversight Bookkeepers for your construction bookkeeping needs, you can trust that your financial data is in capable hands. Our tailored services are designed to streamline your financial processes, giving you the peace of mind to focus on what you do best—running your construction business. We work closely with each client to understand […]
Stale-Dated Checks Bank Checks 101
That way, you’re not only aware of your financial standing, but also shielding yourself from issuing a check when there aren’t sufficient funds to cover it. Banks are still allowed to process a stale check as long as the institution deems the funds are good. A Federal Reserve regulation says a bank doesn’t have to […]
Roles and Importance of Professional Accountants in Business
Content Accountants' Role in Economic Development Keep Financial Records The different types of accounting Roles and Importance of Professional Accountants in Business AAT President Christina Earls reflects on a vibrant and successful year Specialized Skills Why Is Accounting Important For Business? – Accounting For Small And Larger Businesses When you overspend, you are left with […]
Capital Turnover Formula: How to Calculate and Interpret Your Capital Turnover Ratio
Additionally, different accounting methods may affect the calculation of the capital turnover ratio. Therefore, the capital turnover ratio should be used with caution when comparing companies across different industries, business models, or accounting methods. On the other hand, the utilities and mining industries had the lowest capital turnover ratios, while the utilities and mining industries […]