Accounting articles

change in net assets definition and meaning

change in net assets definition and meaningNonprofits are required to report expenses by functional classification – program, management and general, and fundraising. In addition, health and welfare organizations are required to include a statement o... Read more

What is contra entry?

What is contra entry?Is a Certificate of Deposit a Capital Asset?These allow for a single readjustment of the interest rate, at a time of the consumer's choosing, during the term of the CD. Sometimes, financial institutions introduce CDs indexed to t... Read more

Advance payment

Advance paymentIn addition, you have to carefully monitor the cash value to make sure it doesn’t drop too far, or you may lose your coverage. But if you have a fairly large cash value with consistent returns, you can keep coverage in place for years... Read more