Learn what an amortization schedule is, its importance for loans and intangible assets, and how to calculate it using a simple formula.

Accurate reporting and complying with Schedule Foreign Assets (Schedule FA) and Foreign Source Income (Schedule FSI) in income tax returns is mandatory under the Black Money (Undisclosed Foreign ...

Among the important characteristics of accounting information is the clarity of the financial data being reported and evaluated by owners and managers. Sometimes, a few simple numbers may paint the ...

The Income Tax Department urges taxpayers who omitted foreign assets (FA) or foreign income from their original ITR to file a revised return before December 31. This corrects any omissions or ...

Asset maintenance is a component of asset monitoring designed to increase the lifespan of a company’s machinery, devices, and equipment. The process is important for any business serious about keeping ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The asset mix is the breakdown of all assets within a ...

Please note: This item is from our archives and was published in 2013. It is provided for historical reference. The content may be out of date and links may no longer function. The IRS says that ...

Asset tracking is the process of monitoring, managing, and – as the name suggests – tracking the items, objects, and devices that your company owns. This includes everything from computers and other ...