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Content AccountingTools Normal Balance What are the 3 types of expenses? Chapter 2: The Accounting Cycle Understanding Normal Balance through Accounting Equations Whether the normal balance is a credit or a debit balance is determined by what increases that particular account’s balance has. As such, in a cash account, any debit will increase the cash …

Are accounts payable debit or credit? And what is its normal balance? Read More »

Content CUSTOMER SERVICE Alternative Revenue Recognition Methods A Small Business Guide to the Revenue Recognition Principle What does the revenue recognition principle mean for businesses? Cash Flow Statement Since you must provide services to these clients for an entire year and your income statements are drafted monthly, U.S. GAAP standards stipulate that you should move …

Revenue Recognition Principles, Criteria for Recognizing Revenues Read More »

Content Fair Value of Nonvested Shares Stock Based Compensation Navigating the accounting for share-based compensation by private companies Measurement November 2005: Standard & Poor’s Study on Impact of Expensing Stock Options Stock Based Compensation Conclusion The hypothetical shares repur-chased under the treasury stock method reduce the number of shares outstanding in the denominator of diluted …

FASB Simplifies Accounting for Non-employee Stock-based Compensation Read More »