8 Types of Accounting: Careers, Degrees, and Salaries
This is a method in which transactions are recorded in the book of accounts as they are entered, regardless of whether or not currency is received. The following are the two primary accounting procedures that differ when revenue and expenses are recorded. You can activate the subledger journal entry ruleset assignments from the Accounting Method […]
Is insurance in accounting recognized as an expense or an asset?
Prepaid insurance is usually considered a current asset, as it becomes converted to cash or used within a fairly short time. But if a prepaid expense is not consumed within the year after payment, it becomes a long-term asset, which is not a very common occurrence. The payment of the insurance expense is similar to money […]
Present value of an annuity due table Present value table
He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. Additionally the present value of annuity table is available for download […]