Universidade Federal do Ceará
Departamento de Química Orgânica e Inorgânica

By understanding these components, stakeholders can gain insights into the company’s financial health and readiness for future operations. The post-closing trial balance is not just a list of numbers; it’s a reflection of a company’s financial discipline and a precursor to its financial storytelling in the upcoming period. It’s a crucial bridge between accounting periods, […]

A reversing journal entry is recorded on the first day of the new period to avoid double counting the amount when the transaction occurs in the next period. Adjusting entries are required to be is because a transaction may have influence revenues or expenses beyond the current accounting period and to journalize to the events […]

Fixed and variable costs are expenses contribution margin def your company accrues from operating the business. If the annual volume of Product A is 200,000 units, Product A sales revenue is $1,600,000. To calculate contribution margin (CM) by product, calculate it for each product on a per-unit basis. After you’ve completed the unit contribution margin […]

The sooner you identify discrepancies, the easier they are to resolve. Even https://stephanis.info/page/7/?openidserver=1 with the best intentions, manual cash reconciliation is inherently prone to human error. Studies show that a significant percentage of finance professionals identify manual reconciliation as a major pain point, especially during the month-end close. Simple mistakes like transposing numbers or overlooking […]

For example, a business may take advantage of a 10% trade discount if it orders a certain quantity of goods, or a 5% cash discount if it pays within 15 days. This can reduce the exposure to uncollectible accounts and improve the quality of the receivables. For example, a business may use a credit reporting […]