Accounting & CPA Exam Expert Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their...
A CFP® is a financial adviser who has earned certification to help individuals with investments, retirement planning, insurance, and education financing. The most important aspect of a CFP®is as afiduciaryof an investor's assets, meaning they make decisions with the client's best interests ...
Author: Harold Averkamp, CPA, MBA Definition of Aging In accounting, the term aging is often associated with a company’s accounts receivable. Accounts receivable arise when a company provides goods or services and allows the customer to pay 10 or 30 days later. If some customers do not ...
Having good knowledge and control of your business’s finances is vital. When using the accrual form of accounting, you should always make sure that you have accrued all expenses in the correct time period. Written by Grant Gullekson Grant Gullekson is a CPA with over a decade of experienc...
Author: Harold Averkamp, CPA, MBA Definition of Debit The term debit is similar to the term used in Italy more than 500 years ago when the double entry accounting system was documented. What you need to know today is that debit means left or left side. For example, every accounting ...
Failure to uphold the duty of care may result in legal action being brought by shareholders or clients for negligence. Courts generally do not rule on whether a business decision was a sound one or not in the case of company directors. This is known as thebusiness judgment rule, meaning cou...
A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company ...
What is the definition of capital?This is a vital source of financing across all types of businesses because companies need these resources in order to operate. Businesses raise capital by issuingstocksandbondsto investors who purchase these financial instruments with cash or other assets. ...
If you're considering creating an incorporated business, read on to learn more about the meaning of "Inc." Does 'Inc.' mean a corporation? The short answer is yes: “Inc." in a company name signifies that a business is a legal entity called a corporation or an incorporated business. "...
Certified financial planners are held to a fiduciary standard, meaning they must act in their client's best interests. On average, it takes between 18 and 24 months to become a CFP and can cost a minimum of $925. What is a CFP? A CFP is a certified financial planner, an advisor who...