Category: Bookkeeping

When net earnings is negative, it’s called net loss, and EPS is called loss per share. A company with positive annual EPS is considered profitable, while a company with negative annual EPS is considered unprofitable. Earnings per share is also…

When the operating expenses incurred in running the property are subtracted from property income, the resulting value is net operating income (NOI). The obvious constraint with this formula is that many companies have a diversified product line. For example, Apple…

To obtain a PTIN, candidates must register through the IRS’s website, providing their personal information, as well as details about their professional tax preparation experience. While there is no specific college degree requirement to become an Enrolled Agent, candidates must…

Since the expense was incurred in December, it must be recorded in December regardless of whether it was paid or not. In this sense, the expense is accrued or shown as a liability in December until it is paid. Here…

Yet, this may be offset by long-term benefits, such as increased customer loyalty or improved regulatory relationships. In the framework of CSR, common size analysis can provide a granular view of a company’s investments and initiatives. CSR often covers a…