write-down[ 'raitdaun ] n.(accounting) reduction in the book value of an asset 同义词:write-off v. put down in writing; of texts, musical compositions, etc. 同义词:write downset downget downput down reduce the estimated value of something ...
It’s not uncommon to report a small loss due to inventory value depreciation. When this occurs, an inventory write-down is required to ensure you still end up with healthy profit margins. In this article, learn what an inventory write-down entails, inventory accounting best practices, and ho...
New accounting write-offs popping up. (Financial Accounting Standard No. 121 for writing-off impaired assets)Treadway, Tyler
This method smooths financial results over time and adheres more closely to accrual accounting principles, offering a more up-to-date representation of a company’s financial health. How to write off inventory Track and identify damaged inventory ...
Charity care write-offs were up to 2.09 percent in fourth quarter 2003, from 1.97 percent in the third quarter. At the same time, bad debt write-offs fell to 3.06 percent of gross revenue in the fourth quarter, down from 3.43 percent in the prior quarter. 展开 ...
When an account is written off, the creditor has given up on collecting the debt. This negatively impacts the debtor's credit score and can result in continued collection efforts by collection agencies or legal action. Long-term consequences include financial difficulties, limited opportunities, and...
Thus, there is a loss on inventory write-down. It is the opposite of an Inventory write-up where the value of the Inventory increases from its book value. A write down and write off are entirely different terms from accounting. We use a write-down when the value has decreased from its...
$5 billion to accounting improprieties at Autonomy and $3.8 billion to a drop in HP’s stock price. The latter rationale does not really hold up since it mistakes cause and effect; the stock price went down because of HP’s misstep (though it has made so many that I am not sure whic...
Learn how to write off bad debt in QuickBooks Online.Bad debt means a customer owes you money but you can't collect it. They have a debt with you, but you know
you'll want to credit the asset (in this example, inventory). This reduces the asset down to $0 so it's no longer on the books. Note that your debit may go to an expense account instead; for example, you may set up a "bad debt expense" account specific to receivables you write...