According to GAAP, revenue can only be recorded after it has been earned by fulfilling customer obligations. Deferred revenue, also called unearned revenue, is money a company receives upfront for goods or services it hasn’t delivered yet. It’s a core concept in accrual accounting, where revenue is recognized when earned, not necessarily when payments are…

The first step in treating alcohol-related cirrhosis is to find the support you or your loved one needs to stop drinking. It’s important to identify the trigger whenever possible in case the condition is reversible. A liver transplant is a challenging procedure, and the rules about who can receive an organ are complex. Symptoms For…

The Profit and Loss Statement or Income Statement shows a company’s income and expenses over a https://cryptobitas.com/what-trends-are-shaping-the-future-of-ethereum/ specific period, such as a month or year. The P&L can be used to see how your business is doing and whether it is making a profit or a loss. When a balance sheet is prepared, the current…

This finding supplements the numerous studies that identify lack of readiness for abstinence as the top reason for non-engagement in SUD treatment, even among those who recognize a need for treatment (e.g., Chen, Strain, Crum, & Mojtabai, 2013; SAMHSA, 2019a). The position of ALCOHOLICS ANONYMOUS (AA) and the dominant view among therapists who treat alcoholism…

The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone of accounting science. In the accounting equation, every transaction will have a debit and credit entry, and the total debits (left side) will equal the total credits (right side). In other words, the accounting…

When someone experiences dissonance, they hold conflicting cognition—one part of them recognizes the abuse, while another part justifies it to maintain the relationship. This internal battle creates psychological stress, making it difficult to take action. Cognitive dissonance often arises during decision-making, particularly when individuals are faced with similar attractive options. The psychological discomfort experienced during…

But before you do, let’s look at some questions you should ask yourself before making the decision. Bookkeeping and accounting work shouldn’t be something that is on your plate if you are a serious entrepreneur looking to scale your business to 6, 7, 8 figures, and beyond. And it is important Law Firm Accounts Receivable…

Cash flow plays a vital role in allowing businesses to operate optimally. Aging is considered the most important information when analyzing accounts receivables with ages above an appropriate number of turnover days that will negatively affect a company’s operations. Credit rating agencies factor in the composition of a company’s accounts receivable, among other things, when…