Accounting divides your company assets into two classes: current and long-term. Current assets include cash and anything you use up or convert to cash over the next 12 months. Typical examples are ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

Learning to adjust long-term debt on a balance sheet can be daunting for a business. Handling a long-term notes payable journal entry or providing long-term loan accounting treatment can be ...