Basic shares include the stock held by all shareholders, while fully diluted shares are the total number of shares if the convertible securities of a comp...

Examples of internal users are owners, managers, and employees. External users are people outside the business entity (organization) who use accounting in...

Examples of recurrent expenditure include: Salaries and wages. Employee allowances. Operational costs like water bills, electricity, accommodation, travel...

A break even chart is a chart that shows the sales volume level at which total costs equal sales. Losses will be incurred below this point, and profits wi...

As a CAT holder, your qualification is equivalent to a certificate-level graduate, which is one level below a diploma holder. Here are some of your employ...

For the supply side, the auditor choice is theoretically consisted of Big 4 and non-Big 4 audit firms. With their greater motivation to maintain reputatio...

Cash Conversion Cycle (CCC) Analyze your cash flow and operations on a daily basis. Ask your customers to pay you sooner. If you ask your customers to pay...

A depreciation expense reduces net income when the asset’s cost is allocated on the income statement. It is an accounting measure that allows a company to...

A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs w...

A “payment-in-kind” (PIK) note (or loan) is a way for companies to borrow money. When issuing a bond, a company typically borrows a fixed amount of money,...