Bookkeeping

Invisible Assets: What It is, How It Works, Examples

This includes using, mimicking, or copying another entity’s brand name, logo, or other intangible assets. Intangible assets differ from tangible assets, which have physical forms such as buildings or office furniture. For businesses, an intangible asset includes patents, goodwill, and intellectual property. The best way to track and manage intangible assets is by using accounting …

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The Complete Guide to HOA Financial Management

Every significant deviation between actual income and expenses and budgeted income and expenses should be understood. The categories and format of the Balance Sheet are based on what are called Generally Accepted Accounting Principles (GAAP). These principles are the rules established so that every business prepares their financial statements the same way. Accrual Accounting is …

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About the IFRS and US GAAP: Similarities and differences guide & Full guide PDF

Asset revaluation is crucial because it can help you save for replacement costs of fixed assets once they’ve run through their useful lives. Plus, asset revaluation can reduce your debt-to-equity ratio, https://rus-phpnuke.com/modules.php?name=News&file=article&sid=512 which can paint a healthier financial picture of your company. A balance sheetis a financial statement that summarizes a company’s assets, liabilities, and …

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