Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

Questions tagged [accounting]

for questions that relate to the laws, practices, and products of accounting. Please note that questions about accounting that are academic or have no bearing on personal finance are off-topic here.

accountancy is "the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof."

Please note that questions about accounting that are academic or have no bearing on personal finance are off-topic here.

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Does Apple have $0 of treasury stock?

I cannot find any information on Apple owning treasury stock. Their balance sheet implies they have none. However I assume some may be held through holding companies. Does Apple have any treasury stock at all?
james
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How does one apportion returns to multiple investors when their times and amounts of investment were different?

No accounting experience here. The problem: Man A invests $10 on day 1. Man B invests $5 on day 4. Man C invests $85 on day 5. On day 7, the $100 returns 10%. How do you fairly distribute it?
tgrass
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Is bankers rounding officially required anywhere?

I've been reading up on rounding methods and I've seen a lot of references to the "banker's rounding," but I haven't seen any financial websites that refer to it -- mostly just programming websites. I've read that the IEEE standards association…
WebUserLearner
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How is Net Present Value (NPV) superior to Equivalent Annual Cost (EAC)?

Although EAC presents advantages by taking into account the lifetime of the project, my professor recommends using NPV instead of EAC. Can anyone explain why NPV is considered superior to EAC?
user2654
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Accounting treatment for small bank verification deposits?

How do I record small deposits (e.g. $0.05, $0.07) as a result of bank verification for purposes of accounting? As income? Negative expenses?
Jake Petroules
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Assigning transactions to projects in Ledger?

I find I really want to add an additional, orthogonal layer to the account hierarchy. Quicken and Quickbooks lets you do this, but I'm not sure what the best way is in Ledger. I wish I could do something like this: 2018-08-28 Home Depot …
Rick
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How does Walmart account their expired food

Businesses such as Walmart makes tons of short-lived fresh food everyday (Bread, Coffee..etc) and at the end of the day there's so much food left unsold how do they do accounting for those food? Is it OK for businesses to record those things as…
Shih-Min Lee
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How to account for future claims to savings account?

Example: $1000 is in savings account Expected uses 1. Upcoming Annual Professional Dues: $300 2. Upcoming Annual Insurance : $700 Initially Asset: CASH SAVING 1000.00 Liabiltity: Dues Payable 300.00 Liabiltity: Ins…
zundarz
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How to journal an expenditure that provided no value

Let's say I buy a logo on a service like Fiverr for $5.50. The logo doesn't meet my needs, but I'm still obligated to pay the graphic artist for services rendered. If the logo had met my needs, I'd consider it an intangible asset. In this case,…
neontapir
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Intuition behind the accounting equation: Assets= Liabilities + Shareholder’s Equity

Every transaction (exchange of value) has two sides: what I get, and what I give. How this thought leads us to say: Assets = Liabilities + Shareholder's Equity All I mean is there any intuition behind the accounting equation. P.S. I have been…
Vinay Sharma
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Inventory turns formula doesn't seem to give intuitive results

In this image, I purchase $100 worth of inventory, sell all of it, purchase another $100 worth, and sell all of that (in some time period). This looks like it should equal 2 turns: However, using the formula: Turns = COGS / Avg Inventory I insert…
user3511585
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Calculating assets-to-equity from equity-to-assets

I've read that to calculate equity-to-assets using assets-to-equity the following can be done: assets-to-equity = 40% equity-to-assets = 1/0.4 = 2.5 Why does that work out?
kgui
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What is the field "Folio" in an accounting book for?

I am not sure is this a right place to ask this question here. I am currently running my own business, and using a traditional accounting book to record all the debited and credited amounts. I don't know what the field that named "Folio" is…
Jornes
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What is the difference between a creditor and a lender?

Can you share specific examples? Also, when are they the same entity and when are they different?
user224579
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GAAP for items that you both sell and make?

Concept: I buy widgets. Some widgets I resell. Some widgets are used to make doohickeys. Of the dohickeys, some are sold, some are made into thingamabobs. How should inventory be valued for this sort of thing? Real life example: I buy tree…
Sherwood Botsford
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