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FAQs tagged as

Accounting

  1.

    What is an asset?

  2. What's the difference between weighted average accounting and FIFO/LILO accounting methods?

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

  4. Which transactions affect the retained earnings statement?

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

  6. Should computer software be classified as an intangible asset or part of property, plant and equipment?

  7. In a corporate liquidation, why are unpaid taxes and wages paid before general creditors but after secured bondholders?

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

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

  10. How do companies calculate revenue?

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

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

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

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

  15. Does the balance sheet always balance?

  16. What does churning mean?

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

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

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

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

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

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

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

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

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

  26. One of my stocks missed the deadline to file its quarterly financial statements. What happens next?

  27. What is earnings management?

  28. When is a dividend payment recognized in the shareholders equity portion of the balance sheet?

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

  30. What are pro forma earnings?

  31. Why do accountants use debits and credits instead of simple pluses and minuses? Why is the notation for a debit "DR"?

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

  33. What is the difference between IAS and GAAP?

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