FAQs tagged as

Accounting

  1. What are the differences between gains & losses and revenue & expenses?

  2. What are the differences between gross profit and gross margin?

  3. What are the differences between gross profit and net income?

  4. What are the differences between gross profit and EBITDA?

  5. What are the differences between operating expenses and cost of goods sold (COGS)?

  6. Does gross profit include tax?

  7. What are the differences between percentage of completion and the completed contract ...

  8. Does gross profit include depreciation or amortization?

  9. What are the differences between the installment method and percentage of completion ...

  10. Does gross profit include labor and overhead costs?

  11. How do small firms record installment sales?

  12. Does gross profit account for sales returns?

  13. What are the differences for barter transactions recognition between IFRS and USGAAP?

  14. What are the differences between operating expenses and SG&A?

  15. What are the main methods for calculating business costs?

  16. What are the differences between operating expenses and overhead expenses?

  17. What are the differences between amortization and impairment?

  18. What are the differences between installment sales and credit sales?

  19. How is impairment loss calculated?

  20. When do you use installment sales method vs. the cost recovery method?

  21. What are the main reasons for why there could be a negative gross profit margin and ...

  22. When are businesses required to use accrual accounting?

  23. What are the income statement presentation formats and what industries use them?

  24. When should I use depreciation expense instead of accumulated depreciation?

  25. How is revenue related to retained earnings?

  26. What is the difference between an income statement and a balance sheet?

  27. What are the generally accepted accounting principles for inventory reserves?

  28. What's the difference between book and market value?

  29. What is an asset?

  30. What's the difference between weighted average accounting and FIFO/LILO accounting ...

  31. What are some of the key differences between IFRS and U.S. GAAP?

  32. Which transactions affect the retained earnings statement?

  33. How are oil reserves accounted for on an oil company's balance sheet?

  34. In a corporate liquidation, why are unpaid taxes and wages paid before general creditors ...

  35. Should computer software be classified as an intangible asset or part of property, ...

  36. What are the GAAP standards for digital document storage?

  37. Who set the record loss for "rogue traders"?

  38. How do companies calculate revenue?

  39. How does accrual accounting differ from cash basis accounting?

  40. How do I value the shares that I own in a private company?

  41. Does a company logo change require a material disclosable event?

  42. How do you use a back-to-back loan?

  43. Does the balance sheet always balance?

  44. What does churning mean?

  45. Which statement is FALSE about a prospectus issued under the Securities Act of 1933?

  46. What's the difference between EBITDA, EBITDAR and EBITDARM?

  47. Why did Tyco's financial statements attract the SEC's attention in 2002?

  48. What is earnings management?

  49. When is a dividend payment recognized in the shareholders equity portion of the balance ...

  50. What are pro forma earnings?

  51. Why do accountants use debits and credits instead of simple pluses and minuses? Why ...

  52. What is the difference between IAS and GAAP?

  53. What is the difference between principles-based accounting and rules-based accounting?

  54. What are the determinants of a stock's bid-ask spread?

  55. Given a good bookkeeping system, would financial accounting be necessary?

  56. When should a company recognize revenues on its books?

  57. What is the difference between a compiled and a certified financial statement?

  58. Which is better for tax deductions, itemization or a standard deduction?

  59. One of my stocks missed the deadline to file its quarterly financial statements. ...

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