The Acid Test Ratio, also known as the quick ratio or liquid ratio, is a financial metric that assesses a company’s short-term liquidity and ability to meet its immediate liabilities without relying on the sale of inventory. It is a more stringent measure of liquidity than the current ratio, as it excludes inventory from current… Continue reading What Is The Acid Test Ratio or Quick Ratio?
Category: Finance
Claim Denied by Health Insurance? Try These Strategies
Do you have medical bills your insurance company doesn’t want to pay? You have several options as you explore different ways to pay the bills. If your insurance company won’t pay the bill, consider these ideas: Understand the out-of-network rules. Receiving care out-of-network is one of the most common reasons an insurance company denies payment.… Continue reading Claim Denied by Health Insurance? Try These Strategies
Is Advanced Accounting Training Right For You?
Are you satisfied with your career right now? Don’t you wish to move upwards or be promoted? One way to develop your accounting career is by training in an advanced accounting career. You can even try taking up a different field if you like, but always remember to remain motivated in your present career. You… Continue reading Is Advanced Accounting Training Right For You?
FSA, HSA, HRA, and MSA: Understanding Medical Expense Accounts
Medical expense accounts offer a tax-advantaged means to save and pay for medical expenses not commonly covered by health insurance. The four types of accounts are: Flexible Spending Arrangements (FSAs) Health Savings Accounts (HSAs) Health Reimbursement Arrangements (HRAs) Medical Savings Accounts (MSAs) These four accounts have different eligibility requirements and contribution rules. The benefits they… Continue reading FSA, HSA, HRA, and MSA: Understanding Medical Expense Accounts
What Is Financial Window Dressing?
Financial “window dressing” refers to a company’s manipulation of financial statements or accounting records to present a more favorable picture of its financial health and performance than is actually the case. The term is often used to describe actions taken by businesses to improve their financial ratios, performance metrics, or overall appearance, especially during specific… Continue reading What Is Financial Window Dressing?
Life Insurance Fraud – What You Need To Know
You’re probably familiar with the concept of insurance fraud since it has been around for a long time. The earliest recorded instance involves a merchant intentionally sinking his ship in 300 B.C.! The merchant drowned in the process. You might be surprised at insurance fraud’s adverse effects on your financial future and that of your… Continue reading Life Insurance Fraud – What You Need To Know
What Is Forensic Accounting?
Forensic accounting is a specialized field investigating financial discrepancies and providing evidence suitable for legal proceedings. Forensic accountants are tasked with examining and analyzing financial records to uncover fraud, embezzlement, or other financial misconduct. Their work is often associated with litigation support, dispute resolution, and investigative accounting. Critical aspects of forensic accounting include: Fraud Detection:… Continue reading What Is Forensic Accounting?
Easy Ways To Inventory Your Possessions For Insurance
Insurance companies can require you to provide an inventory of lost, stolen, or damaged items before paying for a claim. If you don’t have an accurate inventory, it could reduce the amount of money the insurance company pays you. Get the benefits you deserve! Consider these essential tips: Your insurance inventory is an integral part… Continue reading Easy Ways To Inventory Your Possessions For Insurance
Accounting Software For Small Businesses
If you think starting your own business is easy, you’re wrong. Aside from developing suitable products and services, you still need to sell them to the market. One of the essential factors in running a business is effectively managing finances. The language of any business, big or small, is accounting. The business scene is always… Continue reading Accounting Software For Small Businesses
Variable Universal Life Insurance (VUL) – How To Choose The Right Investment
A variable universal life insurance policy, known in the insurance industry as a “VUL,” has many benefits. It offers permanent life insurance and allows you to invest your cash value funds as you see fit within the policy. Apportionment of Your Money When You Purchase a VUL Unlike a term life insurance policy, a VUL… Continue reading Variable Universal Life Insurance (VUL) – How To Choose The Right Investment