Bookkeeping and Accounting Blog (Page 1)

  1. how long to realize cash from ending inventory?

    September 5, 2010, 3:38 pm
    Im doing a take home test from financial analysis and i need to figure out the above question. Im given Accounts recievable, ending inventory, net sales and Cost of goods sold. Can anyone help please?

  3. Goldman Exposes The "Lend To Play" Conflict Scheme Involved In IPO Underwriter Allocation

    September 4, 2010, 3:11 pm
    Recently, the FASB opened up its "Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities—Financial Instruments (Topic 825) and Derivatives and Hedging (Topic 815)" to public comment: a process  which seeks to establish and develop "standards that generally require the increased use of fair value in financial reporting" when it comes ...

  4. Effects That Accounting Choices Have On Users Of Financial Statements

    September 4, 2010, 8:26 am
    Abstract...(read more)

  6. Working For Our Future: Choices For Hands-on Training Have Changed Since 9/11

    September 2, 2010, 6:32 am
    (July 27, 2010 - Toronto, Ontario) As we draw closer to the end of the first decade of the new millennium, weve been witness to many changes. We have seen the closure of an age of innocence corresponding directly with a rise in an age of suspicion and uncertainty. We have seen great technological advancements and we have experienced anguishing, devastating setbacks. All in all, our world is a much, much different place than the one we collectively awoke to on the morning of January 1, 2000. Our...(read more)

  7. why does the sales ledger control account have both debit and credit balances?

    September 1, 2010, 4:43 am
    hi i have homework and im trying to find out why does the sales ledger control account have both debit and credit balances in certain moments when it should usually have a credit balance? PLZZZ HELP ME?!!!

  8. alec bedsers account in the sales ledger has been written off as debt irredeemable.?

    August 29, 2010, 2:42 am
    his solicitors letter states that his business is being wound up where and how would you make this posting in the sales and nominal ledgers?

  9. I purchsed a formal, bound handwritten ledger for my checking accounts. The beginnign of the ledger has tabbed?

    August 28, 2010, 6:14 am
    pages, I'm assuming, for listing the vendors that I enter into my ledger. Is this correct? How do I correctly fill out the beginning alphabetically tabbed pages for my SE Ledger?

  10. Byron Patrick: Top Tech Trends for Accounting Firms

    August 26, 2010, 4:32 am

  11. It's Not So Bad Being Trendy

    August 25, 2010, 2:03 am
    The media consensus underestimated how far LSU had fallen in 2008, but they've gotten around to accounting for it, even if it is a year late. ...

  12. Lease Accounting Changes Cause Concern,

    August 24, 2010, 4:42 am
    At least two major concerns have been raised by numerous interested parties about the new lease accounting rules proposed by the International Accounting Standards Board (IASB). At heart is the concern that bank commercial lending anywhere is difficult to stimulate at present and the accounting change will hinder rather than enhance this objective.