The majority of modern primary and secondary markets are computer-based electronic platforms. The securities exchanged here would typically be a long-term investment with over a year lock-in period. On the other hand, short-term investments are usually found in the money market. Capital markets are a very important part of the financial industry. Transactions on capital […]
When the customer pays the invoice, the seller records the payment as a credit to the AR account and a debit to the cash account. The term accrual refers to the accumulation of something over a certain time. In the context of finance, refers to the gradual accumulation of accrued payments over a period of […]
This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. The company has $105.53 million in cash and $1.55 billion in debt, giving a net cash position of -$1.45 billion or -$14.18 per share. The latest short interest is 13.56 million, so 13.30% of the outstanding shares have been sold short. […]
The words “wave” and “waive” are often confused; for instance, a person mistakes one for the other if they are typing quickly or if their speech or writing is rushed. As an expert in language and communication, I often come across words that are commonly misused and interchangeably used. One such pair of words that […]
This is because previous year’s leftover provision will also be flushed to income statement WITH current year’s provision causing the total to increase. The tax provision lends transparency to your operations, offering a clear picture of potential tax obligations to shareholders and investors. You’re complying with tax laws and conveying a sense of financial responsibility. […]
Let’s say that in March, business continues roaring along, and you Car Dealership Accounting make another $10,000 in profit. Since you’re thinking of keeping that money for reinvestment in the business, you forego a cash dividend and decide to issue a 5% stock dividend instead. First, you have to figure out the fair market value […]
This includes segregating duties, conducting regular audits, and maintaining proper documentation. By having strong internal controls, nonprofit organizations can minimize the risk of fraud and errors in their financial statements. As described previously, obtaining, maintaining, and retaining a nonprofit’s 501(c)(3) status requires compliance, including in bookkeeping and financial statements. Failing to properly collect, prepare, and […]
Shortly after you sign up, we’ll give you a call to learn more about your business and bookkeeping needs. On this call, we’ll connect your accounts to Bench, and gather any extra documentation we need to complete your books. Each month, your bookkeeper organizes your business transactions and prepares financial statements. Our team takes the […]
The straight-line method is a linear method that is the simplest to use. Using the straight-line method, bond amortization results in bond discount amortization values that are equal throughout the term of the bond. The bond discount is initially recognized on the balance sheet as a contra-liability account, reducing the carrying value of the bond. […]
Convertible preferred stock, if so designated, can be converted into common stock and is noncumulative. It permits shareholders to trade their preferred shares for a specified number of common shares and perhaps achieve capital appreciation after tax. A noncumulative preferred stock is not convertible for common stock if it is not convertible. There are important […]
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