Priyanka Gupta's Profile
Accountant
263
points

Questions
19

Answers
17

  • Accountant Asked on December 31, 2014 in Accounting.

    The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions.

    This answer accepted by shilparana. on December 31, 2014 Earned 15 points.

    • 1589 views
    • 4 answers
    • 0 votes
  • Accountant Asked on December 30, 2014 in Taxes.
    • Health Insurance
    • Home Office
    • Monthly Utilities
    • Office Supplies
    • Autos and Commuting
    • Travel
    • Retirement Plans

    • 477 views
    • 1 answers
    • 0 votes
  • Accountant Asked on December 27, 2014 in Banking Services.

    Mobile banking is a system that allows customers of a financial institution to conduct a number of financial transactions through a mobile device such as a mobile phone.

    • 1718 views
    • 7 answers
    • 1 votes
  • Accountant Asked on December 27, 2014 in Stocks and Bonds.

    A debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. Bonds are used by companies, municipalities, states and U.S. and foreign governments to finance a variety of projects and activities.

    • 1757 views
    • 7 answers
    • 0 votes
  • Accountant Asked on December 27, 2014 in Financial Services.

    All money received into PayPal must be transferred to your Indian bank account within 7 days.

    • 549 views
    • 2 answers
    • 2 votes
  • Accountant Asked on December 27, 2014 in Accounting.

    Useful life usually refers to the duration for which the item will be useful (to the business), and not how long the property will actually last. Many factors affect a property’s useful life, including the frequency of use, the age when acquired and the repair policy and environmental conditions of the business.

    • 766 views
    • 2 answers
    • 1 votes
  • Accountant Asked on December 27, 2014 in Business and Finance.

    Short term finance, often referred to as bridging finance, usually refers to loans mostly offered on terms of up to 12 months. 

    • 527 views
    • 2 answers
    • 1 votes
  • Accountant Asked on December 27, 2014 in Business and Finance.

    Goodwill is an asset that captures excess of the purchase price over fair market value of an acquired business. Let’s walk through the following example: Acquirer buys Target for $500m in cash. Target has 1 asset: PPE with book value of $100, debt of $50m, and equity of $50m = book value (A-L) of $50m.

    • Acquirer records cash decline of $500 to finance acquisition
    • Acquirer’s PP&E increases by $100m
    • Acquirer’s debt increases by $50m
    •  Acquirer records goodwill of $450m
    • 2539 views
    • 6 answers
    • 0 votes
  • Accountant Asked on December 27, 2014 in Financial Planning.

    Deterioration of working capital (i.e. increasing accounts receivable, lowering accounts payable), and financial shenanigans are its two scenarios.

    • 524 views
    • 1 answers
    • 0 votes
  • Accountant Asked on December 27, 2014 in Accounting.

    Since our cash flow statement starts with net income, an increase in accounts receivable is an adjustment to net income to reflect the fact that the company never actually received those funds.

    • 608 views
    • 1 answers
    • 0 votes