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A deferred expense (also known as a prepaid expense or prepayment) is an asset representing costs that have been paid but not yet recognized as expenses according to the matching principle. For example, when accounting periods are monthly, an 11/12 portion of an annually paid insurance cost is recorded as prepaid expenses .
A third classification of adjusting entry occurs where the exact amount of an expense cannot easily be determined. The depreciation of fixed assets, for example, is an expense which has to be estimated. The entry for bad debt expense can also be classified as an estimate.
MD&A typically describes the corporation's liquidity position, capital resources, [10] results of its operations, underlying causes of material changes in financial statement items (such as asset impairment and restructuring charges), events of unusual or infrequent nature (such as mergers and acquisitions or share buybacks), positive and ...
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Additionally, we incurred about 4 million of M&A transaction expenses in Q4. So, adjusting for these two items, our Q4 opex was actually lower than Q4 a year ago by around 12 million or 5% ...
1. According to International Financial Reporting Standards: the objective of financial reporting is: To provide financial information that is useful to existing and potential investors, lenders and other creditors in making decisions about providing resources to the reporting entity. [3] 2. According to the European Accounting Association:
Adjusted SG&A expenses increased primarily due to higher depreciation and temporary labor for the 3.0 rollout. At Family Dollar, adjusted operating income was $10 million, compared to an adjusted ...
The total earnings were down 13% year over year, driven by higher provision expense that came as a result of prior-period reserve release. Investment banking fees were $1.7 billion in Q4, growing ...