Defining the crucial framework for financial reporting standards that keeps us all in accounting harmony, sometimes with a side of confusion!
Goodwill is the intangible asset that measures the premium paid during the acquisition of a company beyond its identifiable net assets.
Goodwill impairment occurs when an asset's carrying value exceeds its fair market value. It's like finding out your sandwich was a little less tasty than you expected!
A humorous look at the board that regulates the financial fun for state and local governments!
Gross profit represents the profit a company makes after deducting the costs associated with producing and selling its products or services.
Definition and Insights on Gross Sales, Including Calculations and Applications
Understanding the concept of Gross Working Capital and its importance in financial analysis.
A humorous yet enlightening look at the half-year convention for depreciation, the accounting world's version of a mid-life crisis.
Germany's commercial code governing accounting, financial reporting, and corporate ordinances.
Headline earnings refer to the earnings generated from a company's core operational and trading activities, excluding irregular profits or losses.
An Accounting Strategy to Reduce Asset Value Volatility
Held-to-Maturity (HTM) securities are bought to be held until they mature. Let’s demystify what this means, how it works, and maybe even crack a joke or two along the way!
A structured overview of the GAAP hierarchy, guiding accountants in preparing financial statements, while keeping things humorous!
A simple way to estimate fixed and variable costs in cost accounting.
A humorous look at inventory accounting with the Highest In, First Out (HIFO) method.
Historical Cost - The Price is Right... as Long as It's from Yesterday!
Identifiable assets are assets that can be measured at a given point in time and are expected to provide future benefits to a company. They play a crucial role in mergers and acquisitions.
An asset that has experienced a decrease in value, requiring a write-down on the balance sheet.
A fun dive into the cash account that keeps small expenses in check!
Income smoothing is an accounting technique used to level out fluctuations in a company's net income to provide a more stable financial picture.
The Income Statement: Your Guide to Understanding Profit and Loss (and maybe why you keep buying avocado toast)
Understanding Income Tax Payable: Your Laughable Liability
