Capitalized interest appears on the balance sheet rather than the income statement. Accrual-based accounting requires revenues and expenses to be recorded in the accounting period when they are incurred, regardless of when the cash payments are made. The accrual-based accounting method discloses a company’s financial health more accurately than the cash-based method. An installment loan […]
Categoria: Bookkeeping
Financial Controller Roles, Duties, Skillset, Career Path
Often holding a CPA, controllers are accounting experts whose skill set and knowledge base revolve primarily around GAAP, tax laws, and financial reporting. A CAO may be found preparing an ESG report one week, assisting the CFO on budgeting the next week, and planning for an IPO the next. The CFO, the senior finance executive, is in […]