The difference between net income and pretax accounting lies in fiscal debt, which is money a company must send the Internal Revenue Service on a quarterly or annual basis. Understanding the ...

Translation risk is the foreign exchange risk associated with the translation of net investments in foreign operations into a group’s presentation currency when preparing consolidated financial ...

Payroll may be one of the most disliked tasks, but it’s also one of the most critical in many businesses and practices. With ever-shifting hours and earnings, as well as withholdings that may differ ...

A sales discount is a price reduction a company offers a customer as an incentive to pay an invoice within a certain time period. Using the net method of accounting for sales discounts, record the ...