A humorous take on measuring financial performance by contrasting budgeted and actual figures.
Discovery into the aspects of a company's business that have been put on the back burner.
An asset account indicating deposits held at another company.
Net Receivables: Money owed to a company, minus the tough cookies that just won't pay.
Operating Income: Your Business’s Heartbeat in Profit Measurement!
Understanding 'Over and Short' in Accounting with a Dash of Humor
Unearned discount refers to loan interest collected in advance, which is recognized as income over the life of the loan.
An accounting action to reduce the value of an asset while debiting an expense account, often to lower an annual tax bill.
Yield Variance is the difference between actual output and standard output valued at standard cost.
