Sat.May 06, 2023

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Unearned revenue definition

Accounting Tools

Related Courses Accountants' Guidebook How to Audit Revenue Revenue Recognition What is Unearned Revenue? Unearned revenue is money received from a customer for work that has not yet been performed. It is essentially a prepayment for goods or services that will be delivered at a later date. It is most commonly associated with situations where the seller has power over the buyer, or where the seller is providing customized goods to the buyer.

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Formula for the present value of an ordinary annuity

Accounting Tools

Related Courses Financial Analysis An ordinary annuity is a series of equal payments, with all payments being made at the end of each successive period. An example of an ordinary annuity is a series of rent or lease payments. The present value calculation for an ordinary annuity is used to determine the total cost of an annuity if it were to be paid right now.

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Warrant definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is a Warrant? A warrant is an option to purchase a certain number of a company's shares at a pre-determined price, within a defined time period. Warrants are frequently included in a bond issuance, so that the bond buyer acquires both the bond and its accompanying interest payments, as well as the option to profit from any increase in the company's share price.

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Primary cost pool definition

Accounting Tools

Related Courses Activity-Based Costing Activity-Based Management What is a Primary Cost Pool? A primary cost pool contains those costs that are closely aligned with the performance of a specific task. Aggregating costs in this manner allows the accountant to compile the cost of the targeted task. Primary cost pools are frequently associated with the production of goods and services.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Comprehensive tax allocation definition

Accounting Tools

Related Courses Small Business Tax Guide What is a Comprehensive Tax Allocation? Comprehensive tax allocation shows the net effect of taxation on income-generating transactions during a reporting period. This approach is used when someone wants to determine the approximate effect of taxation on a non-standard reporting period that does not match the fiscal year , such as from June of one year to May of the following year.

Tax 40
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Gas settlement statement definition

Accounting Tools

Related Courses Oil and Gas Accounting What is a Gas Settlement Statement? A gas settlement statement is a document used in the oil and gas industry that details the amount of gas delivered to a purchaser.

Tax 40