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What is a Rolling Budget? Definition Meaning Example

In addition, a company may have a 5-year rolling budget for capital expenditures. In this case a full year will be added to replace...

The Accounting Cycle: Reversing Entries Saylor Academy

Reversing entries are usually made to simplify bookkeeping in the new year. For example, if an accrued expense was recorded in the previous year,...

Operating Cycle Operating Cycle vs Net Operating Cycle

Divide the cost of products sold by the average inventory to calculate a company’s inventory turnover. The average inventory is the sum of a...

HR Metrics: How and Why to Calculate Employee Turnover Rate?

They normally don’t include internal movements like promotions or transfers. The employee turnover rate is a metric of the effectiveness of the human resources...

Leasehold Improvements: Definition, Depreciation, Accounting, Tax, vs Amortization

You can depreciate leased property only if you retain the incidents of ownership in the property (explained below). This means you bear the burden...

Top 10 CPAs & Accounting Firms in Salt Lake City, Utah

Instead, he provided a statement saying officers are highly trained on the safe use of firearms per department policy and legal standards. Well, Aenten...

FICA & SECA Tax Rates

You must also file Form 8959, Additional Medicare Tax, to compute any Additional Medicare Tax due. Attach Forms 8919 and 8959 to your income...

Inventory Write-Downs 101: Accounting Methods, Causes, & Tips

The allowance method is a more elaborate process since some money is set aside to cover inventory that might lose some or all of...

Accounting for Trucking Companies

Additionally, provide accurate financial data to your accountant so that they can make informed decisions and provide expert advice. Other factors to consider when...