Investing and financing
Another portion of the statement of cash flows reports the investment that the company took during the reporting year. New investments are signs of growing or upgrading the production and distribution facilities and capacity of the business. Disposing of long-term assets or divesting itself of a major part of its business can be good or
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Depreciation reporting
In an accountant’s reporting systems, depreciation of a business’s fixed assets such as its buildings, equipment, computers, etc. is not recorded as a cash outlay. When an accountant measures profit on the accrual basis of accounting, he or she counts depreciation as an expense. Buildings, machinery, tools, vehicles and furniture all have a limited useful
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Depreciation
Depreciation is a term we hear about frequently, but don’t really understand. It’s an essential component of accounting however. Depreciation is an expense that’s recorded at the same time and in the same period as other accounts. Long-term operating assets that are not held for sale in the course of business are called fixed assets.
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Inventory and expenses
Inventory is usually the largest current asset of a business that sells products. If the inventory account is greater at the end of the period than at the start of the reporting period, the amount the business actually paid in cash for that inventory is more than what the business recorded as its cost of
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Revenue and receivables
In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in a business. One of the more complicated accounting items are the accounts receivable. As a hypothetical situation, imagine a business that offers all its customers a 30-day credit period, which is fairly common
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Balance sheet
A balance sheet is a quick picture of the financial condition of a business at a specific period in time. The activities of a business fall into two separate groups that are reported by an accountant. They are profit-making activities, which includes sales and expenses. This can also be referred to as operating activities. There
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Gains and Losses
It would probably be ideal if business and life were as simple as producing goods, selling them and recording the profits. But there are often circumstances that disrupt the cycle, and it’s part of the accountants job to report these as well. Changes in the business climate, or cost of goods or any number of
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Assets and Liabilities
Making a profit in a business is derived from several different areas. It can get a little complicated because just as in our personal lives, business is run on credit as well. Many businesses sell their products to their customers on credit. Accountants use an asset account called accounts receivable to record the total amount
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Making a Profit
Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports the profit-making activities of the business and the bottom-line profit or loss for a specified period. The balance sheets reports the financial position of the business at a specific point in time, ofteh the last day of
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Personal Accounting
If you have a checking account, of course you balance it periodically to account for any differences between what’s in your statement and what you wrote down for checks and deposits. Many people do it once a month when their statement is mailed to them, but with the advent of online banking, you can do
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Bookkeeping Basics
Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting, while accounting encompasses many functions involved in managing the financial affairs of a business. Accountants prepare reports based, in part, on the work of bookkeepers. Bookkeepers perform all manner of record-keeping tasks. Some of them
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What Is Accounting Anyway?
Anyone who’s worked in an office at some point or another has had to go to accounting. They’re the people who pay and send out the bills that keep the business running. They do a lot more than that, though. Sometimes referred to as “bean counters” they also keep their eye on profits, costs and
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جامعة الناصر تقيم الفعالية المركزية للاحتفال باسبوع الشهيد 1446هجرية
الثلاثاء 17 جماد اول 1446 هجرية الموافق 19 نوفم...جامعة الناصر تنظم الندوة الثانية ضمن فعاليات وانشطة الذكرى السنوية للشهيد في مبنى كلية الهندسة وعلوم الحاسوب
نظمت جامعة الناصر صباح الأثنين الندوة الثانية ف...جامعة الناصر تدشن فعالياتها الخاصة لإحياء أسبوع الشـ هـيد 1446هـ
بحضور رئيس الجامعة الاستاذ الدكتور عبدالله حسين...جامعة الناصر تنظم الوقفة التضامنية الاسبوعية مع غزة ولبنان وتؤكد الجهوزية في مواجهة قوى الاستكبار
صنعاء ; الاربعاء 11 جمادي الاولى1446ھ الموافق 1...طلبة الصيدلة بجامعة الناصر يدعمون مركز مرضى الثلاسيميا بمنتوجات دوائية
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