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A fractional CFO is mainly responsible for managing the financial actions of your company. This includes cash flow management, financial planning, and analyzing where a company’s financials are strong and where they are vulnerable. On the other hand, an outsourced or fractional Controller is the head of accounting and oversees the preparation of balance sheets, …

CFO vs Controller: Whats the Difference? Lees verder »

However, it does not take into consideration taxes, interest or financing charges. Operating income is an accounting figure that measures the amount of profit realized from a business’s operations after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS). When it comes to determining operating expenses, one of the most common questions …

Earnings before interest and taxes Wikipedia Lees verder »

The last (or recent) costs will remain in inventory and be reported as inventory on the balance sheet. Periodic means that the Inventory account is not routinely updated during the accounting period. At the end of the accounting year the Inventory account is adjusted to equal the cost of the merchandise that has not been …

Perpetual Inventory System vs Periodic Inventory System: Whats the Difference? Lees verder »