The fixed rate, ordinary annuity amortization starter workbook has three parts: the Fixed Interest Rate Amortization Inputs box, the Fixed Interest Rate Amortization Schedule, and the Balloon Payment Schedule. Fixed Interest Rate Amortization Inputs The amortization inputs are the only four … [Read more...] about Understanding the Fixed Rate, Ordinary Annuity Amortization Starter Workbook
Accounting
Using the Debt Amortization Starter Workbooks
You can use the debt amortization starter workbooks, as shown in Figures 14-1 through 14-4, to construct debt amortization schedules for a variety of debt instruments. Given four parameters—principal, debt term, amortization term, and interest rate—these starter workbooks … [Read more...] about Using the Debt Amortization Starter Workbooks
Easy Refresher: Amortizing Debt
Debt amortization is the systematic reduction in debt principal made over the term, or life, of the debt through periodic debt service payments. In general, five variables can determine the amortization of a debt: principal, interest rate, amortization term, debt term, and debt service payment. The … [Read more...] about Easy Refresher: Amortizing Debt
Accounting for Sales Taxes on Internet Sales
Historically, federal laws have prevented states from interfering with interstate commerce. Specifically, the interstate commerce clause in the U.S. constitution, statutes like P.L. 86-272 and the Supreme Court’s 1992 decision in Quill v. North Dakota, prevented some other state from making your … [Read more...] about Accounting for Sales Taxes on Internet Sales
Accrual Basis Accounting vs. Cash Basis Accounting
Business owners and managers sometimes ask the accrual basis accounting vs. cash basis accounting question. Or, restated in a slightly different form: Should a firm be using accrual basis accounting or cash basis accounting? Cash Basis Accounting Defined Cash basis accounting counts revenue when … [Read more...] about Accrual Basis Accounting vs. Cash Basis Accounting
Converting from Cash Basis Accounting to Accrual Basis Accounting
Sometimes businesses want to know how to convert from cash basis accounting to accrual basis accounting so they get more useful accounting information. Other times, as a result of tax laws, businesses may be required to figure out how to convert from cash basis accounting to accrual basis … [Read more...] about Converting from Cash Basis Accounting to Accrual Basis Accounting