Youngblood & Hodges APAC is a CPAdirectory verified accounting firm, licensed to practice in the state of Louisiana. The requirements for licensure in Louisiana ensure that Youngblood & Hodges APAC youngblood and hodges maintains the highest standard of knowledge and ethics when operating as an accounting firm. Accounting firms may provide services in private industry, […]
Though we live in an age where most of our banking can be done digitally, there are some instances when you’ll be asked to provide your bank information using a blank check. And anyone who has ever written out a physical check knows that it’s possible to make a mistake like putting in the wrong […]
This section illustrates how business owners and managers can utilize the accounting equation to assess the financial implications of different decisions and optimize their financial strategies. Shareholder’s equity represents the owner’s claims on the company’s assets after liabilities, reflecting financial stability and the value shareholders retain. A tech startup founder was shocked to discover that […]
He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. In the next section, we’ll talk more about what each debit […]
Equity accounts are important in determining the financial health of an enterprise. They are used to prepare financial statements together with the balance sheet and the statement of changes in equity. Your financial statement will provide details of the cash flow (i.e., credit and debit balance). In France, liabilities and equity are seen as negative assets and not account types […]
Such information is made available to stockholders and other users either on the face of financial statements or in the notes to the financial statements. Thus, full disclosure principle requires every business organization to mention the relevant business information into the notes of the financial statements so that the investors can know that information before […]
To be managers who are exempt from overtime pay, the employees have to meet the three (3) conditions mentioned earlier. Under Labor Law, and to be exempt from overtime pay, managerial employees need to meet the three (3) conditions mentioned earlier. These bonuses are nondiscretionary because employees know about and expect the bonus. Persons in […]
Operating leverage can help businesses see how their expenses and sales affect their operating income. And are there certain fixed or variable expenses that free construction service invoice template can be cut to get the most out of your current level of sales? This metric can help you answer these questions, alongside other financial statements […]
In accounting, a general ledger is used to record a company’s ongoing transactions. Within a general ledger, transactional data is organized into assets, liabilities, revenues, expenses, and owner’s equity. After each sub-ledger has been closed out, the accountant prepares the trial balance. This data from the trial balance is then used to create the company’s […]
CAs earn their title by completing a relevant accounting or finance degree and a Graduate Diploma of Chartered Accounting. They also need to complete at least three years of supervised work, usually under a qualified chartered accountant. Choosing between becoming a Chartered Accountant (CA) or a Certified Public Accountant (CPA) is a pivotal decision for […]
