The Complete Guide to Consolidated Financial Statements
Berkshire Hathaway is a holding company with ownership interests in many different companies. Berkshire Hathaway uses a hybrid consolidated financial...
13okt
17mar
Are Bonds Current Assets? Overview & Example
This concept helps differentiate between the current and non-current portions. The issuer drafts these terms in the bond indenture and...
14mar
Difference between Expense and Cost in Accounting!
The amount spent on purchasing such assets is required for the business to earn future benefits. An expense is an...
09jan
What is an impairment?
Goodwill refers to any intangible assets a company assumes as a result of an acquisition. The impairment charge also provides...
23nov
Encumbrance Accounting: The What, How and Why
This will give them a legal claim on the company’s assets and allow them to collect their debts if the...
