Businesses have two options when accounting for inventory -- perpetual and periodic. In a perpetual inventory system, inventory is updated after each sale and purchase transaction through a series of ...

When a company generates revenue, the effect of the transactions are recorded on its books and shown on the financial statements at the end of the period. The timing of when revenue is increased from ...

Unrestricted and restricted current funds revenues should be grouped into the following major classifications by source of funds. The list below describes all classifications available, per the ...

Now that the various classifications of revenue have been defined, it is important to identify what is revenue. Identifying what qualifies as revenue is critical not only from an accounting and ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Traditionally, one of the core concepts of sales and marketing has been the sales funnel ...

Opportunities for loss utilisation in the current environment? The recent Full Federal Court decision in Greig v Commissioner of Taxation [2020] FCAFC 25 (Greig) has highlighted the difficulty in ...

In a tough economy, it's difficult to drum up new business, which is why it's critical to maximize sales at your existing customers. However, it's important not to take your current clientele for ...