Mark to Market Accounting: Definition, How It Works, Pros, Cons

Content FAS 115 Mark-to-Market Accounting Pros Topic No. 429 Traders in Securities (Information for Form 1040 or 1040-SR Filers) Mark-to-Market Accounting Can Be an Effective Accounting Strategy in Certain Cases Therefore, if you had a substantial loss, you may deduct this loss against all other types of taxable income without the normal $3,000 loss limitation. […]

What is Vertical Analysis? Definition Meaning Example

Content AccountingTools Accounting Topics Horizontal and Vertical Analysis | Accounting Advantages of Vertical Analysis Company Financial Statement Analysis & Interpretation of Financial Statements How Is Vertical Analysis Different From Horizontal Analysis? Good Ratio for Retained Earnings Over Total Assets Accounting Both analyses involve comparing income statement accounts to each other in dollars and in percentages. […]

IAS 1 Presentation of Financial Statements

Content Calculate Cost of Goods Sold (COGS) Statement of comprehensive income explained Single-step and Multiple-step Statement of Income IASB publishes editorial corrections These topics will be revisited in the Investments chapter later in this book however, the basics should be considered. Fully statement of comprehensive income example compatible with Microsoft Word or Google Docs, you […]

Debits and Credits

Content State the rules of debit and credit as applied to (a) asset accounts, (b) liability accounts, and… Accounts Impacted by Debits and Credits The Rationale for Bank Capital Regulation Debits and Credits 101 How to increase and decrease different account types Rules of Debits by Account Funding to manage assets and liabilities includes processes […]

Quickbooks ProAdvisor

Content I want to receive the latest job alert for Quickbooks Proadvisor Accounting and Tax Manager Preparing for QuickBooks Online ProAdvisor Exam Industry Experts You must be a Certified ProAdvisor to be listed on the Find-a-ProAdvisor online directory. 30% off QuickBooks Online and Payroll subscriptions when you manage billing for your client. Manage your firm’s […]

MM Millions Definition, Examples, What MM Means

Content Company Views What was the 24 hour trading volume of Million? Unfortunately, this practice can occasionally cause confusion within the financial industry as multiple numerical abbreviations are used interchangeably within society. I was actually referring to the financial statements of corporations (e.g. a balance sheet, an income statement or a statement of cash […]