Category: Financial Statement

Big Five Audit Firms

PricewaterhouseCoopers is the one of the Big Four auditors along with Deloitte EY and KPMG. They were Deloitte Haskins Sells Arthur Andersen Touche Ross Price Waterhouse Coopers Lybrand Peat Marwick Mitchell Arthur Young Co. Now Deloitte Touche in the 1970s and 80s Deloitte Haskins Sells was one of the Big 8 accounting firms and was […]

Business Operating Statement

_____ Financial Report for. Apply a check mark to indicate the answer wherever needed. The termself-em ployed includes a person who operates a business whether full or part time or with another person. Operating expenses do not include cost of goods sold materials direct labor manufacturing overhead or capital expenditures larger expenses such as buildings […]

Contra Asset Balance Sheet

The purpose of a contra asset account is. Contra Account is an opposite entry passed to offset the balances of related original account in the ledger and helps the organization to retrieve the original amount and the amount of. Heres a list of the main types of contra accounts. As an asset account is normally […]