Recent Articles

Work in Process

A term used to represent those goods in the process of beign made. Usually a term assigned to large projects or complex goods (auto, RV, marine goods manufacturing). It is one line item of the inventory account in the current assets section of the balance sheet.

EBITDA – Buyer Beware (Case Study)

02/12/2017

In the article EBITDA the fundamentals of Earnings Before Interest, Taxes, Depreciation and Amortization were introduced.   In general EBITDA is commonly used with the market comparable valuation approach.   In that article it was illustrated how [...]

Project Reports – Introduction

06/09/2015

There are basically three groups of financial based project reports.  Each set has its own priorities and purposes.  Project reports are a function of production reporting with the exception of the balance sheet set (commonly used for cash flow [...]

An Explanation of Current Assets

03/11/2013

The asset side of the balance sheet is divided into 3 major sections.  They include current assets, fixed assets, and other assets.  Current assets carry the most value to the small business entrepreneur because of the cash conversion aspect.  [...]