AI in Finance: Applications, Examples & Benefits
The second sub-stream focuses on mortgage and loan default prediction (Feldman and Gross 2005; Episcopos, Pericli, and Hu, 1998). For instance, Chen et al. (2013) evaluate real estate investment returns by forecasting the REIT index; they show that the industrial production index, the lending rate, the dividend yield and...
Read moreGet Started with Accounting Fundamentals Today
I did an intensive reading of one chapter for class preparation, I did not identify any errors. As with all other OpenStax offerings, modularity is an area in which this textbook shines. It would be easily possible to assemble a survey course combining topics from this book and the...
Read moreBack to Basics: The Percentage of Completion Method of Accounting for Contractors
Cash basis accounting records income and expenses as soon as cash is received or paid. While simple to implement, this method may not provide an accurate picture of a project’s financial performance, particularly for long-term projects with multiple payment milestones. Accrual basis accounting matches income and costs with the...
Read moreThe Emerging Contractors Guide to Construction Bookkeeping
You don’t need an accounting degree – just a few changes here and there can take your financial management light years ahead. Construction has a unique type of payment structure that includes retainage, Retainage is the amount of money that clients withhold until they are satisfied with a project....
Read moreStrategic Partnership
We’ll set up employees, enter time sheets, process employee payroll, upload 3rd party payroll reports, allocate labor cost by customer or job, and pay payroll taxes. We can work with your payroll provider or recommend the right payroll processing service for your needs. To address the high turnover rates...
Read moreGross Profit Ratio Formula, Calculation, and Example
The sales component of the formula is straightforward (selling price multiplied by the number of boots sold). The cost of goods sold includes direct costs, like materials and labor used to make the boots, and indirect costs, like factory overhead, which adds up to $420,000 (COGS). Gross profit is...
Read moreTypes of Costs
Because commissions rise and fall in line with whatever underlying qualification the salesperson must hit, the expense varies (i.e. is variable) with different activity levels. These employees will receive the same fixed vs variable costs amount of compensation regardless of the number of units produced. For others who...
Read moreHow to Find the Best CPA or Tax Accountant Near You Reviews by Wirecutter
If you don’t find a tax preparation service or CPA near you whom you feel comfortable working with, consider looking outside of your geographic location. Though many people prefer face-to-face meetings, you aren’t limited to CPAs and tax advisors in your town. If you already work with a financial...
Read moreHow to Find the Best CPA or Tax Accountant Near You
People who own businesses typically work with a CPA throughout the year on charitable planning issues, calculations of quarterly estimates and sometimes tax notices, Dula how to find the best tax preparer near you says. Anybody who works with the public probably has a negative online review from...
Read moreHow to Account for Dividends Paid? Definition, Example, Journal Entry, And More
This is done by debiting the Dividends Payable account and crediting the Cash account. This entry effectively reduces the company’s cash balance, as the funds are transferred to the shareholders, and eliminates the liability that was previously recorded. A dividend is a portion of a company’s profits that ...
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