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ABOUT THIS EPISODE
Fixed assets are durable, long-living assets used by your business to help generate revenue. Over time, these assets are depreciated to account for wear and tear and age. Find out more in today's episode.
English
United States
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OTHER EPISODES IN THIS PODCAST
Year-end can be very stressful but hopefully this episode will remind you of many of the items that you should be addressing. Demonstrate that you are a bookkeeping professional by giving your clients a 5-star experience!
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Patrick explains Revenue Recognition, Materiality, Conservatism, and the Full Disclosure Principle.
GAAP stands for Generally Accepted Accounting Principles and are what accounting professionals abide by when recording transactions and generating financial statements. In this episode, Patrick talks about a few of these including the Economic Entity Assumption, Going Concern, Cost Principle, Accru…
Find out what information the Balance Sheet can provide by using Vertical Analysis and some basic math.
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