Finance | Senioritis

Adam Park
June 21, 2023
Finance

Understanding Balance Sheets: A Guide to Analyzing a Company’s Financial Position

Provides a quantitative summary of a company’s assets, liabilities, and net worth at a specific point in time. Balance Sheet The quantitative summary of a company’s assets,...

Adam Park
June 21, 2023
Finance

Importance of Reliable Sources of Raw Materials for Efficient Production in Manufacturing Industry

raw materials basic goods that will be used in production but have not yet been placed in production Raw materials are the basic materials used to make...

Adam Park
June 21, 2023
Finance

Understanding Accrual Accounting: Recognizing Revenue and Expenses When They Occur.

Reporting income when it is earned and expenses when they are incurred Accrual basis of accounting Reporting income when it is earned and expenses when they are...

Adam Park
June 21, 2023
Finance

Maximizing Small Business Finances: Understanding Cash Basis Accounting

Reporting income when the cash is received and expenses when the cash is paid Cash basis of accounting The method of reporting income when the cash is...

Adam Park
June 21, 2023
Finance

Maximizing Profitability: Understanding the Importance and Preparation of a Retained Earnings Statement in Business and Finance

Retained Earnings Statement Net income retained in a corporationAdd: Net incomeLess: Dividends A retained earnings statement, also known as a statement of retained earnings or an equity...

Adam Park
June 21, 2023
Finance

Investment Strategies for Retirement Plans: Balancing Stability and Growth.

Retirement plans funded by corporations or governments. These are often invested in stocks bonds and real estate with the intent that they grow for future payout committments...

Adam Park
June 21, 2023
Finance

Maximizing Revenues: Understanding the Importance of Operating and Non-Operating Revenues in Business Growth

Revenues Fees earned Revenues refer to the income or money received by a company or organization from its operations or sales of goods and services. It is...

Adam Park
June 21, 2023
Finance

Mastering Accounting Transactions: Understanding Double-Entry Bookkeeping for Cash Sales, Payments on Account, Salaries, and Collections

Sale of services for cashPayment on accountPayment of salariesCollection on account cash inflowcash outflowcash outflowcash inflow 1. Sale of services for cash: This refers to the transaction...