MBA Fundamentals Accounting and Finance (Kaplan Test Prep)
“It’s called the balance sheet because it balances. Assets always equal liabilities plus owners’ equity.”
John Case • Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean
Capital Expenditures A capital expenditure is the purchase of an item that’s considered a long-term investment, such as computer systems and equipment. Most companies follow the rule that any purchase over a certain dollar amount counts as a capital expenditure, while anything less is an operating expense. Operating expenses show up on the income s
... See moreJohn Case • Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean
Mr. Johnson’s perspective with respect to the role of accounting in a chaordic world is spot-on. In the years ahead we must get beyond numbers and the language of mathematics to understand, evaluate, and account for such intangibles as learning, intellectual capital, community, beliefs, and principles, or else the stories we tell of the value and p... See more
Dee Hock • ACCOUNTING IN A CHAORDIC WORLD - Dee W Hock
If you add up all the net income that has been generated by the business since inception, then deduct any dividends or owner’s or investor’s draw (see below) paid out, you’ll get retained earnings. Retained earnings are cumulative and the only place you’ll see them is on the right side of the Balance Sheet under the owner’s equity section.