The DDB method accelerates depreciation, allowing businesses to write off the cost of an asset more quickly in the early years, which can be incredibly beneficial for tax purposes and financial planning. If you’re brand new to the concept, open another tab and check out our complete guide to depreciation. Then come back here—you’ll have… Continue reading How to Calculate Declining Balance Depreciation
Category: Bookkeeping
Retained Earnings in Accounting and What They Can Tell You
Alongside her accounting practice, Sandra is a Money and Life Coach for women in business. As such, some firms debited contingency losses to the appropriation and did not report them on the income statement. A company’s management team always makes careful and judicious decisions when it comes to dividends and retained earnings. Profits generally refer… Continue reading Retained Earnings in Accounting and What They Can Tell You
Gym Financial Model Excel Template Gym Feasibility Study Tool
Ratios such as return on investment (ROI), return on assets (ROA), and return on equity (ROE) provide insights into your gym’s financial performance relative to its investments and assets. Additionally, ratios like current ratio and debt-to-equity ratio help assess the financial health and liquidity of your gym. Gym financial analysis is crucial for a gym’s… Continue reading Gym Financial Model Excel Template Gym Feasibility Study Tool
The going concern principle
In order for a company to be a going concern, it usually needs to be able to operate with a significant debt restructuring or massive financing overhaul. Therefore, it may be noted that companies that are not a going concern may need external financing, restructuring, asset liquidation, or be acquired by a more profitable entity.… Continue reading The going concern principle