It’s important to know that when you get a check it may not be valid forever. Checks can become “stale dated” and may be harder, or even impossible, to cash. If you’ve been receiving your payroll check as a paper check, consider switching to direct deposit so the funds are automatically sent to your savings […]
The main profitability ratios are net profit margin, return on equity, and earnings per share. In September 2002, the AICPA Auditing Standards Board (ASB) issued expanded guidelines to help auditors uncover fraud while conducting audits. The New York Stock Exchange stiffened its listing requirements so that the majority of directors at listed companies must be […]
Loan amortisation is paying off the debt of something over a specified period. At the end of the amortised period, the borrower will own the asset outright. The formulas for depreciation and amortization are different because of the use of salvage value. The amortization base of an intangible asset is not reduced by the salvage […]