Students who have obtained this certificate are known to be widely recruited by Houston Oil & Gas/Energy companies and large CPA firms. Accurate accounting helps in valuing these reserves, determining depletion, and providing insights into the company’s overall asset base, influencing strategic decisions and financial planning. When faced with uncertainty, accountants should choose methods that […]
Category Archives: Bookkeeping
If you receive an invoice on the 10th but don’t pay it until the 15th, the transaction is recorded on the 15th. While financial accountants often use one set of rules to report the financial position of a company, tax accountants often use a different set of rules. These rules are set at the federal, […]
Businesses use proforma invoices to help customers understand the scope and cost of an upcoming project (Because of this, it is usually referred to as a draft invoice). Typically, a business sends an invoice to a client after they deliver the product or service. The invoice tells the buyer how much they owe the seller […]
It generally is recorded in the journal books of account only when some consideration in money or money worth is paid for it. Investors should scrutinize what’s behind its stated goodwill when they’re analyzing a company’s balance sheet. The answer should determine whether that goodwill may have to be written off in the future. Negative […]
It generally is recorded in the journal books of account only when some consideration in money or money worth is paid for it. Investors should scrutinize what’s behind its stated goodwill when they’re analyzing a company’s balance sheet. The answer should determine whether that goodwill may have to be written off in the future. Negative […]
Managing PPV requires a combination of proactive planning, continuous monitoring, and collaboration across departments. Forecasting price variance allows businesses to take a proactive approach to managing procurement costs. Instead of merely reacting to price variances, forecasting enables companies to anticipate potential price fluctuations, thereby avoiding budget surprises and better positioning themselves in negotiations. Both positive […]