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Latest Accounting Questions Answered

02/10	What does an accountant do? Some accountants are directly involved in preparing an organization's financial statements. This is likely to include maintaining the general ledger and supervising some employees...
02/08	What is accounting? Accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting the information in various reports and analyses. Accounting is ..
01/25	What is burn rate? In business, burn rate is usually the monthly amount of cash spent in the early years of a start-up business. Burn rate is an important metric since the new business must spend tim..
01/23	What is COS? In accounting, the acronym COS could indicate either cost of sales or cost of services. The income statements of many retailers and manufacturers use the phrase cost of sales inste..
01/18	What are consolidated statements of operations? Consolidated statements of operations is the heading appearing on the financial statement also referred to as the income statement. In a small survey of 14 U.S. corporations with s..
01/16	What is the internal rate of return? The internal rate of return is the interest rate that will discount an investment's future cash amounts so that the sum of the present values will be equal to cash paid at the begi..