Accounting for stock warrants can be complex. Warrants are certificates granting the holder the right to buy common shares at a certain price within a certain period. If the warrants are exercised they dilute the earnings per share of the common stock… More »
The year-end closing is not difficult -- but it is time-consuming, tedious, and harried. Data must be gathered, compiled, and consolidated for preparing financial statements, income tax returns, and closing entries that will zero-out the temporary accounts… More »
Factory overhead and direct labor are manufacturing and manufacturing costs (direct materials + direct labor + manufacturing overhead). Stated succinctly, manufacturing is turning raw materials into a finished product that has value. The cost of such… More »
Regardless of the size or type of business, the accounting cycle runs from transaction to financial statements. Each transaction is analyzed and entered into a journal. At the end of an interim period specified by the chief financial officer, the journals… More »
Deeds are written instruments by which land title is transferred for one person (grantor) to another (grantee). A deed of trust is a written security instrument holding interest in real property. Most lenders prefer deeds of trust because it is not necessary… More »
Gaining Insight into Oneself Through Behavioral Self-assessment.… More »
A case of mistaken identity.… More »