Journal Entries for Partnerships Financial Accounting

ContentAllocation of net incomeChapter 5: Reconstitution of a Partnership Firm: Retirement or Death of a PartnerPartnershipQuestions to ask when going into a business partnershipStatement of partners’ equityLiquidation of a partnership Furthermore, according to...

Single-Step vs Multiple-Step Income Statements

ContentCreate your free account nowSingle-step vs. multi-step income statementCreate a free account to unlock this TemplateHere’s the difference between the two main types of income statements companies use. The understandable trade-off accounting is that it’s...

Stock option Definition & Meaning

ContentWhat Are Stock Options?Vesting and Acquired Stock RestrictionsNonstatutory Stock OptionsEmployee Stock OptionsPerformance SharesHow we make moneyStock Options: Everything You Need to KnowThe Downside Risk Newco’s EPS will be impacted by Acquirer’s and Target’s...

Operating Expense OpEx Definition and Examples

These are different from operational expenses, which are key to a company’s day-to-day operations. Non-operating costs are anything, such as interest on debt, as well as costs related to restructuring. When it comes to analyzing operating expenses, managers...

Periodic vs Perpetual Inventory System: Pros and Cons

Content2 Perpetual v. Periodic Inventory SystemsInventory and Cost of Goods Sold OutlineDisadvantages of a periodic inventory system Thus, avoiding a sudden shortage or a large surplus that becomes useless, each organization uses the inventory system that is best for...

IAS 11 Construction Contracts

ContentProject Accounting Revenue Recognition MethodsBasic measurement principlesHow retailers could be affected by FRC rent concession reporting requirementsThere’s no better time to pass your Synoptic: Top tips for successInterest revenueIAS 11 — Construction...