In most situations, a master’s degree is preferred, with many companies now making a master’s degree a requirement. Every controller job is unique, but there are universal skills and qualifications that any serious candidate should possess. new 2021 irs standard mileage rates Most openings also require a master’s of business administration (MBA) or a certified … Read more
Companies with a steady or improving return on capital are unlikely to put significant amounts of new capital to work. If ROIC is greater than a firm’s weighted average cost of capital (WACC)—the most commonly used cost of capital metric—value is being created and these firms will trade at a premium. A common benchmark for … Read more
An R-squared value of 0.9 means that in the context of regression analysis, the independent variables account for 90% of the variability observed in the dependent variable. A deeper look into R-squared, or R2, reveals that it quantifies the share of the dependent variable’s variance that can be predicted from an independent variable in a … Read more
Finance Strategists has an advertising relationship with some of the companies included on this website. We may earn a commission when you click on a link or make a purchase through the links on our site. All of our content is based on objective analysis, and the opinions are our own. The following journal entries … Read more
Inventory valuation can be tedious if done by hand, though it’s essentially automated with the right POS system. For example, a grocery store purchases milk regularly to stock its shelves. As customers purchase milk, stockers push the oldest product to the front and add newer milk behind those cartons. Milk cartons with the soonest expiration … Read more
Next, click the first link at the top of the new page. This link should say something like “Download R 3.0.3 for Windows,” except the 3.0.3 will be replaced by the most current version of R. The link downloads an installer program, which installs the most up-to-date version of R for Windows. Run this program … Read more
Companies expect all employees, not just bookkeepers, to have computer literacy skills. Bookkeepers often have to deal with many tasks with competing deadlines, so they must have time-management abilities. As the financial backbone of a business, bookkeeping is a vital aspect of successful operations. Identifying and solving financial problems is another skill you need to … Read more
Because equity is equal to assets minus liabilities, the company’s equity would be $800,000. Its D/E ratio would therefore be $1.2 million divided by $800,000, or 1.5. Gearing ratios focus more heavily on the concept of leverage than other ratios used in accounting or investment analysis. What is the approximate value of your cash savings … Read more
When using the PCCM method of accounting, 30% of the contract is under the elected exempt method of accounting (possibly the completed contract method), and 70% is on the POC method of accounting. This provides an opportunity for an additional deferral when compared to the normal POC method of accounting. Some examples of residential contracts … Read more
