Programming skills are what we use to tell a computer, application, or software what to do. These skills are applicable in various career paths — from software engineering to data analytics — and, arguably, even a wider variety of industries. So, what exactly are programming skills, what careers do they apply to, and how can …
Auditing involves closely reviewing business processes and documents, such as financial statements to ensure accuracy in reporting. Individuals, small businesses, and large corporations go through audits, which auditors conduct either internally (by auditors employed by the company itself) or externally (by accounting firms). What Is an Audit? Auditing means investigating — audits can be simple …
With the seemingly endless number of options these days, it can be difficult to decide which is the best coding bootcamp online. We poured over dozens of programs to determine the top ten best online coding bootcamps based on cost, full-time and part-time options, weekly time commitment, skills they teach, scholarship opportunities, and amount of …
An expense is money spent to acquire something — expenses includes daily transactions everyone encounters (like paying a phone bill) and big purchases made by companies (like buying a new piece of machinery). While some people may track their personal expenses for budgeting purposes, businesses and accountants have strict guidelines on what counts as an …
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CapEx or capital expenditures are investments a company makes into long-term assets. These long-term assets are resources the company will use for many years, such as an office building or production machinery. Understanding capital expenditures and how they affect a company’s future financial performance is vital for accountants and business professionals. In this guide, we’ll …
An expenditure is a purchase of services or goods. Everyone experiences expenditures in their day-to-day activities, like buying groceries. However, in business and accounting, expenditures are a bit more complicated. In this guide, we’ll go over: Showcase new skills Build the confidence and practical skills that employers are looking for with Forage’s free job simulations. …
Liabilities are debts or obligations a person or company owes to someone else. For example, a liability can be as simple as an I.O.U. to a friend or as big as a multibillion dollar loan to purchase a tech company. In business, liabilities are building blocks of a company’s finances, often used to fund operations …
An investment’s internal rate of return (IRR) is how much the investor will make from their investment without accounting for external factors like the economy. In practice, IRR serves as a metric of profitability that allows investors, business owners, and financial analysts to compare investment options. What Is the Internal Rate of Return? The internal …
A cash flow statement is a financial statement that shows how cash entered and exited a company during an accounting period. Cash coming in and out of a business is referred to as cash flows, and accountants use these statements to record, track, and report these transactions. In this guide, we’ll go over: Cash Flow …
A contribution margin measures how profitable a product is to produce. A company’s contribution margin shows how much revenue is available after it deducts variable costs like raw materials and transportation expenses. For a product to be profitable, the remaining revenue after variable costs needs to be higher than the company’s fixed costs, like insurance …
