How To Build A Budget
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Learn the basic steps towards building a system to track your money and control your spending.
Operating profit is the profit generated from the core business of a company before accounting for interest and taxes.
Current assets are all of the assets a company uses to fund its daily operations. These are the assets the company could convert into cash within a year in the normal course of business.
The cost of equity is the rate of return an investor requires from a stock before exploring other opportunities.
Float is money in the banking system that is briefly counted twice due to delays in processing checks.
Whether a company chooses FIFO or LIFO has important implications for the bottom line and for tax liability.
Investopedia explains: Reconciliation is an accounting process in which two sets of records are compared to make sure that the figures are in agreement. These sets of records are usually account balances.
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