Received advances are not recognized as revenues, but as liabilities , until the conditions (1.) and (2.) are met. If you have a continuous performance obligation, the overall building value is split and allocated to each month that falls along with the service agreement. Even though this may sound intimidating, it simply means outline the …
In most cases, for a governmental entity, the budget represents the legal authority to spend money. Adoption of a budget in the public sector implies that a set of decisions has been made by the governing board and administrators that culminates in matching a government’s resources with the entity’s needs.
Unlike a mortgage or …
The amount of store credit that is available in the customer’s account is specified in the configuration. That’s why it can be easier to get approved for a store card over a general credit card, even if you have a limited credit history or no credit history at all. A cashier can collect the money a customer would like to apply to …
When you know you can’t achieve an ideal fill rate, you can offer buyers alternative products to keep order values as high as possible, and in turn, improve your fill rate. Order fill rate is a Percentage of consumption orders satisfied from stock available at a moment. In addition to access to these powerful analytics, sellers on …
The LIFO reserve is the difference between the FIFO and LIFO cost of inventory for accounting purposes. Last in, first out is a method used to account for inventory that records the most recently produced items as sold first.
Find the right tool that can streamline accounting processes and provide visibility into inventory on-hand. …
An employer may grant you 1,000 shares on the grant date, for example, with 250 shares vesting one year later. That means you have the right to exercise 250 of the 1,000 shares initially granted. That’s when the employee no longer has the right to purchase company stock under the terms of the agreement. Non-qualified stock options are …