3rd generation


Profit Margin vs Markup: What’s the Difference?

Posted by jai_offset in Bookkeeping

Profit margin is the percentage of profit that a company retains after deducting costs from sales revenue. Expressing profit in terms of a percentage of revenue, rather than just stating a dollar amount, is more helpful for evaluating a company’s financial condition. The contribution margin of individual products…

What is the role of a company’s controller?

Posted by jai_offset in Bookkeeping

Controllers at Fortune 500 companies regularly earn well into six figures and sometimes more than $250,000. However, the advantage to working for a small business is that high-ranking employees, such as controllers, often get to share in the growth of the company. In no arena…

18 6 Consolidation procedures

Posted by jai_offset in Bookkeeping

However, the Financial Accounting Standards Board defines consolidated financial statement reporting as reporting of an entity structured with a parent company and subsidiaries. In October 2012 IFRS 10 was amended by Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27), which defined an investment entity and introduced…