Category: Bookkeeping

While it is constitutionally a multi-party democracy where free elections are regularly held, it functions as a de facto one-party state, with the People’s Action Party (PAP) maintaining continuous political dominance since 1959. The PAP’s longstanding control has resulted in limited political pluralism and a highly centralised governance structure over national institutions. One of the…

It can tell you how much is receivable, which is especially important when managing reimbursable grants and multi-year pledges. It differentiates net assets with donor restrictions from those without restrictions. Reading and understanding nonprofit reports is essential for making sound decisions about your organization’s future. You can use unrestricted funds for any mission-oriented purpose, including…

Therefore, there is no expense (or revenue) to be reported on the income statement for the period of December 1-3. The remaining parts of this Explanation will illustrate similar transactions and their effect on the accounting equation when the company is a corporation instead of a sole proprietorship. It will become part of depreciation expense…

Companies use a fiscal year to mark the start and end of their revenue and earnings for a set timeframe, which can then be used for reporting, analysis, comparisons, and more. This material has been prepared without regard to any particular investment objectives or financial situation and has not been prepared in accordance with the…

A master of streamlining processes and maximizing profits, she empowers restaurants with insightful analytics, audit readiness, and a keen understanding of their unique financial landscape. Passionate about building relationships, Ruchika translates complex data into actionable insights, making her a trusted advisor and the engine behind Paperchase’s success. Bookkeeping goes beyond daily recordkeeping and involves generating…

The cost of debt can be calculated using different methods, depending on the availability and reliability of the data. The most common methods are the yield to maturity (YTM) method, the coupon rate method, and the credit rating method. The YTM method is the most accurate, as it takes into account the current market price,…

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively. KPMG is a global organization of independent professional services firms providing…