Penny Alba

Introduction International Financial Reporting Standards (IFRS) The Accounting Standards Board (AcSB) in Canada requires companies to publish an account using International Financial Reporting Standards (IFRS)...

Introduction What is a “statement of retained earnings”? The statement reconciles opening and closing retained earnings for the period, using information such as net income...

Introduction Selling expenses include A. advertising B. administrative sales C. sales salaries D. sales commissions Variable costs Cost of goods sold, direct materials and commissions...

Introduction Long-term liabilities are listed on the balance sheet after more current liabilities, in a section that may include bonds, borrowings, deferred tax liabilities and...

Introduction The BDC Venture Capital investment team in Toronto is passionate about developing exceptional Canadian companies. To help entrepreneurs turn big ideas into reality, we...

Introduction Inventories are the goods available for sale and the raw materials used to produce the goods available for sale. 2 The three types of...

Introduction The due date of a mortgage loan is the last day that a loan must be repaid in full. This date is set when...

Introduction majority shareholder, also known as controlling interest, is a shareholder who owns the largest number of outstanding shares of a company. An entity can...

Introduction company that has total debt of $20 million out of total assets of $100 million has a debt-to-equity ratio of 0.2 indicating what proportion...

Introduction Here are five simple steps to effective follow-up after a sale. 1. Send a thank you note Some companies send emails. Others say it...