Time Value of Money
The time value of money shows that money today is worth more than money in the future. This article shows future value and present value calculations.
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finance
Inventory and Cost of Goods Sold
A merchandising company buys and sells inventory. When sold, inventory costs become the cost of goods sold (COGS), which is usually a company’s largest cost.
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Accounting for Merchandising Activities
A merchandising company sells merchandise inventory to customers. Accounting for companies that sell inventory is more complex than for service companies.
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Financial Functions in Excel
Excel has 55 financial functions to solve financial problems. Excellent financial analysis requires using many financial functions in Excel. These functions use time value of money (TVM) calculations to solve many financial problems.
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Recording Business Transactions
The first step in financial reporting is recording business transactions. The business transactions are first recorded as journal entries. The goal of financial accounting is to issue financial statements.
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Financial Statements: A Beginner’s Guide
Financial statements are everywhere. Sometimes, understanding them seems impossible. This beginner’s guide shows the basics of financial statements.
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