They need to record it because the unearned income which is the present liabilities. This section discusses how to revise transactions before generating vouchers for advance funds. Companies concerned in the manufacturing course of need fee upfront as it’ll show commitment from the buyer’s side that they are prepared to [...]

This shift in amortization requirements has impacted cash flow for businesses heavily invested in R&D, as they now face a delay in fully realizing the tax benefits of these expenses. While certain contract research expenses qualify, foreign research generally does not, as the R&D Tax Credit is intended to stimulate [...]

If you have noticed, what we are actually doing here is making sure that the earned part is included in income and the unearned part into liability. The adjusting entry will always depend upon the method used when the initial entry was made. BBCIncorp provides tailored support for offshore accounting, [...]

In a few cases, an analyst may present two scenarios, one that includes the impact on the company’s cash flow and one that does not. Recording a contingent liability is a noncash transaction because it has no initial impact on cash flow. Instead, the creation of a contingent payroll liability [...]