Category Archives: Bookkeeping

Bookkeeping Asset Accounts

Hence the balance sheet accounts are called permanent accounts or real accounts. The recent bitcoin price surge and subsequent fall, triggered by the now-debunked report, underscore the potential volatility in the cryptocurrency market. While the incident has highlighted the market’s sensitivity to news about ETF advancements, it also serves as a reminder of the ongoing […]

Period Costs vs Product Costs: What’s the Difference?

Our goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing complemented by helpful graphics and animation videos. At Finance Strategists, we partner with financial experts to ensure the accuracy of our financial content. If you’re using the wrong credit or debit card, it could be costing you serious money. […]

Understanding the OODA Loop in Decision-Making: A Powerful Tool for Success

This may involve using sensors, intelligence sources, or simply paying close attention to the world around you. The more accurate and timely the information, the better the decision-making process will be. In the world of decision-making, the ability to respond quickly and effectively to changing circumstances is crucial. Air Force Colonel John Boyd, provides a […]

Amortizing Premiums and Discounts Financial Accounting

A REMIC issues regular and residual interests to investors. A REMIC generally is not treated as a corporation, partnership, or trust. For purposes of subtitle F of the Internal Revenue Code (Procedure and Administration), a REMIC generally is treated as a partnership with the residual interest holders treated as the partners. If you owned stock […]