Bookkeeping

A major challenge in break-even analysis for multi-product firms is the problem of obtaining a single per unit contribution, single unit selling price and contribution margin ratio (CMR) that is representative of all the products in the firms’ sales mix structure. It then uses the weighted average contribution margin to calculate break-even point in units…

The total sales revenue/net sales figure is gross revenue minus any financial concessions such as discounts, allowances, or returns. Gross profit margin is the first of the three major profitability ratios. A low gross margin ratio does not necessarily indicate a poorly performing company. Comparing companies’ margins within the same industry is essential, however, because this allows…

These restatements may involve revisions to the financial statements and notes, as well as restated quarterly financial information (Reg S-K Item 302) and revisions to MD&A (Reg S-K Item 303). The primary issue identified in the Statement is whether these warrants should be classified as equity or liability, which depends largely on the specific terms…

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Oversight and enforcement of sober house compliance involve multiple stakeholders. Operators must demonstrate they provide a substance-free setting with regular drug testing, peer support meetings, and access to recovery resources. Ensuring these homes adhere to specific standards is essential, as compliance with regulations directly impacts the quality of care residents receive. These operators are integral…

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Tax season preparation will give a law firm strong financial health and compliance. Most firms file taxes on a cash basis, but they often use accrual accounting internally. This helps them track billings, work in progress (WIP), and collections better. Taking charge of law firm accounting this way will give a firm the compliance it…

Clear reporting supports better planning and informed decision making. Partners and attorneys spend less time reviewing numbers and more time serving clients. Routine accounting and white label bookkeeping services are handled by a dedicated team. The act of “bookkeeping” produces financial statements, which your CPA then uses to file your taxes. Many of them are…

A Common Size Statement is a financial statement (either an Income Statement or a Balance Sheet) where each line item is expressed as a percentage of a base figure within the same statement. While regular financial analysis looks at actual values, common size analysis expresses each figure as a percentage, allowing analysts to focus on…

Gain hands-on experience with Excel-based financial modeling, real-world case studies, and downloadable templates. Upon completion, earn a recognized certificate to enhance your career prospects in finance and investment. These finalized reports show a business’s financial position over a certain accounting period—whether a month or an entire year. Adjusting entries record items that aren’t noted in…