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Financial Statements

Evaluating the Allowance for Bad Debts

In financial statements, some items are cut and dried, while some items are subject to judgment. One key area that requires judgment is the allowance for bad debts. This article explains how to evaluate the reasonableness of an allowance for bad debts....(more)

Do's and Don'ts for Taking the CPA Exam

Planning to take the CPA exam? Here are some tips....(more)

Contrasting Operating and Nonoperating Items

This article defines operating and nonoperating items as used in accounting financial statement analysis....(more)

Understanding Current Liabilities

This article explains the nature of current and noncurrent liabilities...(more)

Financial Accounting

What is Operating Leverage and How Do You Take Advantage of it?

Operating leverage allows a company to squeeze more profit out of its revenues. However, it has a dark side. Operating leverage can also increase a company's risk of losses. Here's everything you need to know....(more)

8 Ways to Prevent Fraud in Your Small Business

Billions of dollars a year are lost by businesses because of fraud. What are some steps you can take to prevent fraud in your small business?...(more)

Using Net Realizable Value to Account for Inventory

This article explains how and when to account for inventory at net realizable value, the selling price of inventory less estimated costs of completing and selling it. ...(more)

Management Accounting

How Do You Compute Payback Period?

The payback method of capital budgeting estimates how long it will take for an investment to pay for itself. This article explains how to compute payback period....(more)

Why Use a Spreadsheet?

This article explains why every business person needs to have strong spreadsheet skills....(more)

What's the Difference between Product and Period Costs?

It's easy to confuse product costs and period costs. However, the accounting for these two cost categories is very different. This introduction explains which costs are which, and how to account for each of them....(more)

Mark Holtzman

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Dr. Mark P. Holtzman is Associate Professor and Chair of the Department of Accounting & Taxation at Seton Hall University. He holds a PhD from The University of Texas at Austin and a bachelor's degree from Hofstra University, and has worked in the Audit Department of the New York Office... Read More

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