Maylyn Cerda

With exciting, in-demand specializations in the field, this degree prepares you for a range of business functions and leadership roles. Get a firsthand account of what it’s like to be a MAcc student at Michigan Ross. Some argue that MM is redundant, since M on its own signifies 1000 in Roman numerals. Finance regulations like …

Understanding MM in Finance: Usage, Differences, and Impact Read More »

Investors also use this ratio to decide when a company may be purchasing major new fixed assets. Fixed assets are usually found on a balance sheet in a category called property, plant and equipment, according to Dummies. And you also need to account for any liabilities, like loans you owe on your fixed assets. Goods …

Fixed Asset vs Current Asset: What’s the Difference? Read More »

Under the cost model, the carrying value of fixed assets equals their historical cost less accumulated depreciation and accumulated impairment losses. Let us consider the example of a company called XYZ Ltd that bought a cake baking oven at the beginning of the year on January 1, 2018, and the oven is worth $15,000. The …

Asset Retirement Financial Accounting Read More »

If you decide to grow your business or sell to consumers, you’ll need to transition to the accrual method to meet generally accepted accounting principles (GAAP). This can be challenging https://www.bookstime.com/ if you’ve operated under the cash method for a long time, but it will most likely be more efficient. Income is recorded as it’s …

10 Easy Examples of Bookkeeping for Small Businesses Read More »