Since both are linked so closely, they are often used in financial ratios together to determine a company’s liquidity. For example, a bakery company may need to take out a $100,000 loan to continue business operations. Terms of the loan require equal annual principal repayments of $10,000 for the next ten years. What is the....
Depending on your state’s laws, you may be able to combine the 2 laws. A more efficient and hassle-free solution would be using paid time off tracking software to automate the entire process. In other words, you wouldn’t need to manually update time off allowances, or even handle individual PTO requests for that matter. The....
The impact of the transaction is a notes payable vs accounts payable debit entry to the “Inventory” account, with a credit entry to the “Accounts Payable” account, reflecting the increase in the current liability balance. The main difference between the account payable and long-term liability is the amount of time allowed to clear the balance....
An organization, including a nonprofit organization, a stock corporation, a partnership or limited liability company, a trust, and a governmental unit or other government entity, that stands in one or more of the following relationships to the filing organization at any time during the tax year. The accounting principles set forth by the Financial Accounting....
If you already have a bachelor’s degree, Franklin’s master’s degree in accounting can help you reach the required 150 credit hours to sit for the CPA exam. A master’s degree will also add another valuable credential to your résumé that can help you stand out in the marketplace. Franklin University offers a 100% online bachelor’s....
CE requirements are determined at the state levels and are cyclical (e.g. 120 hours in 3 years.) Your employer may or may not bear the cost of CPE or licensure. Enrolled Agents are essential to making sure that individuals and businesses have an advocate in issues with the IRS and can successfully navigate complex federal....
Beyond her professional achievements, Johanna’s heart beats strongly for her community. She is actively involved in philanthropic endeavors, dedicating her time to feeding the homeless. As a valued member of the Angel Blessings Homeless Ministry, Johanna serves on the Board of Directors, where she holds the esteemed position of Treasurer. During this transformative period, Johanna’s....
