by RLstzen20 | Jun 9, 2023 | Bookkeeping
In order to calculate the amount of interest and principal reduction for each payment, banks and borrowers often use amortization tables. While amortization tables are easily created in Microsoft Excel or other spreadsheet applications, there are many websites that...
by RLstzen20 | Jan 13, 2023 | Bookkeeping
But as we discussed earlier, the nature of accounting is not recorded on cash basis, it is recorded on performance basis (accruals). This means there is one last step to do before being able to share the recorded information which is ensuring the identical...
by RLstzen20 | Sep 16, 2021 | Bookkeeping
Errors are retrospective and must include a restatement of financials. ASC 250, Accounting Changes and Error Corrections, doesn’t prescribe specific accounting principles or methods or estimates, but it does provide guidance on when and how they are changed. And if an...
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