CPA Firm in Centennial CO Accounting & Tax Services

A company can use a CFS to predict future cash flow, which helps with budgeting matters. Using the direct method, actual cash inflows and outflows are known amounts. The cash flow statement is reported in a straightforward manner, using cash payments and receipts. As for the balance sheet, the net cash flow reported on the […]

FOB Shipping Point vs FOB Destination Know the

Content Who Retains Risk in FOB Shipping Point? Example of FOB Shipping FOB Destination (Free on Board) Video Common Attributes of FOB Shipping It received an order worth $5,000 from a Dubai-based customer on 10 October 2013, and the supplier was asked to ship the carpets by 25 October 2012 under the FOB agreement. Assume […]

Chart of Accounts: Definition, Guide and Examples

Content OTHER ACCRUED EXPENSES What is the purpose of a chart of accounts? Consider separate accounts for key month-end entries. You’re our first priority.Every time. Give careful thought to indirect costs. NON – CURRENT RECEIVABLES Department code – This is usually a two-digit code that identifies a specific department within a company, such as the […]