Across financial accounting, companies have two basic ways that they can structure their business’s accounting policy. Publicly traded companies must use the accrual accounting method which is standardized under generally accepted accounting principles (GAAP). The accrual method reports revenues as they are accrued as opposed to when they are received and expenses are reported as […]
Category Archives: Bookkeeping
Many accounting practices have been simplified with the help of accounting computer-based software. These systems can be cloud based and available on demand via application or browser, or available as software installed on specific computers or local servers, often referred to as on-premise. Bookkeeping focuses on recording and organizing financial data, including tasks, such as […]
Her articles have been published in the Florida Today and Orlando Sentinel. She earned a Bachelor of Science in Interdisciplinary Studies from the University of Central Florida. Under certain circumstances, the IRS may lift the levy if you endure a financial hardship, such as receiving a utility disconnection notice. The funds in the estate are […]
When your account is no longer in the negative, it is restored to good standing, and the restrictions are lifted. Once you know why the account was frozen, you can work with the bank to restore access as soon as possible. Depending on the reason for freezing, this could involve providing additional information or documents, […]
What if the future payment is more than the amount you’d receive right away? If you choose to receive $15,000 today and invest the entire amount, you may actually end up with an amount of cash in four years that is what is a note receivable less than $18,000. Time value of money often ignores […]
If the cash flow stream is assumed to continue indefinitely, the finite forecast is usually combined with the assumption of constant cash flow growth beyond the discrete projection period. The total value of such cash flow stream is the sum of the finite discounted cash flow forecast and the Terminal value (finance). DCF shouldn’t necessarily […]
Understanding the terms cancellation and surrender is important when managing an insurance policy, as they pertain to different processes with distinct financial implications. However, some life settlement companies will provide partial or full payments before the entire process is complete. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone […]
Any loans you’ve taken against the policy or unreimbursed withdrawals will also decrease the cash surrender value. With universal and variable life insurance policies, cash values are not guaranteed. Sufficient cash what is the adoption tax credit value must remain inside the policy to support the death benefit. Be advised that you might be taxed […]