Is Account Payable an Expense? Explained
The change in accounts payable is recorded on the cash flow statement (CFS) in the cash flow from operating activities (CFO) section. Said differently, the accounts payable of a company (or buyer) is the accounts receivable of the 3rd party supplier or vendor owed money for goods and services already delivered. No, accounts payable is […]
Invoice Finance 101: Factoring vs Discounting Explained
The Invoice/bill discounting company provides the financing by charging a service charge for its services. Invoice discounting is a flexible and cost-effective option for businesses looking for quick access to cash without going through the long and complex process of traditional lending. Invoice discounting, also known as accounts receivable financing, involves a business selling its […]
Principles and concepts of accounting FA2 Maintaining Financial Records Foundations in Accountancy Students
This course is completely online, so there’s no need to show up to a classroom in person. You can access your lectures, readings and assignments anytime and anywhere via the web or your mobile device. In our example, Andrea has been identified as the owner of the business. Auditing of Publicly Traded Companies A debit […]
High-Low Method Formula What Is It, Examples, Calculation
Another drawback of the high-low method is the ready availability of better cost estimation tools. For example, the least-squares regression is a method that takes into consideration all data points and creates an optimized cost cafeteria plans grow in popularity estimate. It can be easily and quickly used to yield significantly better estimates than the […]