The requirements that describe what the business wants (e.g., more quality data, faster response to queries). A good marketing department within a company has its finger on the pulse of the consumer mindset and is able to adapt to changes in the marketplace. Of course, once you download, you can save electronic copies to your Read more about Business Drivers Guide to Analyzing Drivers of a Business[…]

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Financing activities in nonprofit organizations involve transactions that affect the long-term liabilities and equity of the organization. These activities typically include receiving donations that are restricted for long-term purposes, obtaining loans or mortgages, issuing bonds (if applicable), and creating or increasing endowments. Unlike operating activities that deal with the day-to-day funding of nonprofit operations, financing Read more about Mastering Financial Statements: Essential Accounting Practices for Not-for-Profit Organizations[…]

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Book value is the asset’s current value on the balance sheet after deducting accumulated depreciation from the original purchase cost. Depreciation expense is the annual allocation of an asset’s cost, recorded on the income statement. Professional tax services can help you optimize your depreciation methods to maximize accumulated depreciation has a normal balance which indicates Read more about Understanding the Normal Balance of Accumulated Depreciation[…]