Accounting Tools

AUGUST 27, 2023

Measure Tangible Assets and Liabilities Measure tangible assets and liabilities at their fair market values as of the acquisition date, which is the date when the acquirer gains control over the acquiree. However, most assets and liabilities should be measured as of the acquisition date.

Accounting 40

Accounting Accounting CPA 40

Accounting Tools

JUNE 10, 2023

Related Articles Contingent Liability Examples of Liabilities Liability Accounting Long-Term Liabilities The Difference Between Assets and Liabilities The Difference Between Liability and Debt By doing so, they can report a financial structure that appears to be more financially healthy and liquid than is really the case.

Financial Statements 40

Financial Statements Accounting Accounting 40

Accounting Tools

JUNE 7, 2023

Contractual Obligation A financial liability can be a contractual obligation to deliver cash or similar to another entity or a potentially unfavorable exchange of financial assets or liabilities with another entity.

Accounts Payable 40

Accounts Payable Accounts Payable Financial Reporting Accounting 40

Accounting Tools

JUNE 14, 2023

Fixed assets. How are gains and losses on the disposal of fixed assets recorded? Intangible assets. What types of assets are recorded as intangible assets ? Contingencies and commitments. How are gains and losses recorded following the disposal of an investment? How do you calculate investment income?

Financial Statements 75

Financial Statements Auditing Accruals Financial Reporting 75

Accounting Tools

AUGUST 28, 2023

Related Courses Business Combinations and Consolidations Divestitures and Spin-Offs Mergers and Acquisitions What is an Asset Purchase? An asset purchase occurs when an acquirer only buys the assets of an acquiree. If the fair market value of the assets acquired is less than their net book values , then there is no tax benefit.

Tax 40

Tax 40

Accounting Tools

AUGUST 27, 2023

Measure Tangible Assets and Liabilities Measure tangible assets and liabilities at their fair market values as of the acquisition date, which is the date when the acquirer gains control over the acquiree. However, most assets and liabilities should be measured as of the acquisition date.

Accounting 40

Accounting Accounting CPA 40

Accounting Tools

AUGUST 7, 2023

If events take place before the balance sheet date that trigger a lawsuit, and lawsuit settlement is a subsequent event, consider adjusting the amount of any contingent loss already recognized to match the amount of the actual settlement. Examples of situations calling for the adjustment of financial statements are: Lawsuit.

Financial Statements 75

Financial Statements Collections Invoicing Accounting 75

Outsourced Bookeeping

APRIL 4, 2024

We’ll explore five essential suggestions in this article, each specifically designed to meet the particular requirements of the sector. For construction firms to do well, effective financial management is essential. To keep ahead of new threats, examine and update security procedures regularly.

Bookkeeping 52

Bookkeeping Outsourced Bookkeeping Budgeting Data Entry 52

Accounting Tools

AUGUST 28, 2023

Liquidation Value Liquidation value is the amount of funds that would be collected if all assets and liabilities of the target company were to be sold off or settled. Generally, liquidation value varies depending upon the time allowed to sell assets. This estimation is based on a sampling of licensing deals for similar assets.

CPA 75

CPA Collections Accounting Accounting 75

Accounting Tools

AUGUST 29, 2023

This premium can be substantial when a target company owns crucial intellectual property , real estate, or other assets that an acquirer wishes to own. Related Articles Acquisition Valuation Methods Business Valuation Methods Contingent Consideration

CPA 40

CPA 40

Accounting Tools

JULY 18, 2023

Related Articles Agreed-Upon Procedures Attestation Engagement Financial Statement Assertions Management Assertions in Auditing Terms Similar to Management Representation Letter A management representation letter may also be called a rep letter, representation letter, client representation letter, or letter of representation.

Financial Statements 40

Financial Statements Auditing Financial Records Financial Reporting 40

Accounting Tools

DECEMBER 19, 2023

Contingencies and commitments. Fixed assets. Note the methods of depreciation used, the amount of capitalized interest , asset retirement obligations , and impairments. The nature and justification of a change in accounting principle , and the effect of the change. Related parties. Risks and uncertainties. Inventories.

Financial Statements 40

Financial Statements Reconciling Auditing Accounting 40

Accounting Tools

NOVEMBER 1, 2023

This means that expenses and liabilities are recorded as soon as possible, while revenues and assets are recorded only when there is significant assurance of their receipt. Doing so reduces the risk that transactions entered into an accounting system will need to be adjusted at a later date.

Financial Statements 40

Financial Statements Accounting Accounting Bookkeeping 40

Accounting Tools

AUGUST 28, 2023

The offer is at a fixed price, usually at a premium over the current market price, and is customarily contingent on shareholders tendering a fixed number of their shares or units.” Examples of preventive changes include unusually large dividends and the sale of assets. A proxy fight is not a high-probability option for an acquirer.

CPA 40

CPA 40

Accounting Tools

JUNE 19, 2023

Some questions may need to be added for an industry-specific acquisition, while far fewer will be needed for an asset acquisition. Fixed Assets A key part of the cost structure of a business is its fixed assets. If the acquirer intends to sell any of these assets, the team should obtain a rough estimate of their value.

Financial Statements 73

Financial Statements Auditing Tax Accounts Payable 73

Counto

APRIL 9, 2024

Disadvantages of Sole Proprietorship Unlimited Liability: The owner bears full responsibility for the business’s debts and obligations, risking personal assets. This means that the personal assets of shareholders are safeguarded in case of business liabilities, offering peace of mind and security.

Corporation Tax 52

Corporation Tax Tax Accounting Accounting 52

MineralTree

APRIL 13, 2023

In this article, we will explore the risks of inflation and recession, along with ways finance teams can mitigate these risks and recession-proof their business. Another option is to sell off non-core assets such as excess real estate, vehicles, or equipment. This will generate cash while reducing storage costs.

Accounts Payable 84

Accounts Payable Accounts Payable AP Data Entry 84

IMA's Count Me

JUNE 6, 2021

I saw an article recently from Accenture on this, and I found it very, very interesting and poignant. And so being prepared for that is something that I think organizations really need to do and reinforcing the importance of having the resources and frameworks in place to deal with contingencies. Plan ahead, okay.

Collections 40

Collections Accounting Accounting Billing 40

Cloud Accounting Podcast

AUGUST 3, 2020

I didn't have a contingency plan. David Leary: [00:10:18] There was an article about more fraud in the in the disaster loan program, not PPP program. The thing to take away from this article for me - it was in The Washington Post - was they're indicating there's widespread fraud. continue your article.

QuickBooks 40

QuickBooks XERO Bookkeeping Payroll 40