The quick liquidity ratio helps you to understand when the company will be able to liquidate its assets by using its quick liquid assets. Solvency and liquidity are equally important, and healthy companies are both solvent and possess adequate liquidity. A number of liquidity ratios and solvency ratios are used to measure a company’s financial health, the …
The Office of the New York State Taxpayer Rights Advocate is committed to helping New York State taxpayers by balancing taxpayer assistance against enforcement efforts. The Canadian Taxpayer Bill of Rights is a set of 16 very specific rights that Canadian taxpayers have in their relationship with the Canada Revenue Agency. Here is a discussion …
The Taxpayer Bill of Rights: Protection for all taxpayers Internal Revenue Service Read More »
Therefore, compensation for business interruption is not a reimbursement right under IAS 37 and should be accounted for by analogy to guidance on compensation for impairment under IAS 16 Property, Plant and Equipment. Following that guidance, a company recognises the compensation for business interruption as a receivable when it has an unconditional right to receive …
Solved: Health insurance premiums liability or expense as wash Read More »
I guess the idea of doing something other than dumping the raw data to the device was too complex. In general, you can eat normally before and during the creatinine clearance test. This could change the results because there’s higher levels of creatine in meat, which would cause your body to have higher levels of …
What is a Continuing Resolution and How Does It Impact Government Operations? Read More »
Impacts from a fall and winter COVID-19 surge may bring further uncertainty to many companies. Management should continually evaluate the effects of COVID-19 on the company’s going concern assessment, including information obtained after the reporting date and up to the date the financial statements are authorized for issuance. However, generally accepted auditing standards (GAAS) do …
When the insurance coverage comes into effect, it is moved from an asset and charged to the expense side of the company’s balance sheet. In this case, the company’s balance sheet may show corresponding charges recorded as expenses. Guaranteed issue life insurance is a small whole life insurance policy with no medical questions or exam. …
Please also refer to our Start-up Accounting Services Menu for more information on the back office accounting services we can offer you. At GroForth, the protection of clients’ data is our top priority. All of our systems and files are protected to the highest of standards and we regularly undergo audits and reviews to ensure …
The specific procedures for journal entry testing will depend on the auditor’s assessment of the risk of material misstatement due to fraud. Journal Entry testing ensures that all the financial transactions recorded in the books of accounts represent a valid business transaction, and there isn’t any recording of inappropriate entries. So, its a kind of …
