A company's controller is the chief accounting officer and heads the accounting department. The controller is responsible for the company's financial statements, general ledger, cost accounting, payroll, accounts payable, accounts receivable, budgeting, tax compliance, and various special analyses. At larger companies the controller will supervise accountants and other professionals who assist the controller. The titles of the subordinates could include accounting manager, co
BY MARK P. CUSSEN You probably have at least one credit card and one debit card in your wallet. The convenience and protection that they offer are hard to beat, but they have important differences that could substantially impact your pocketbook. Here’s how to choose which one to use when you need to swipe the plastic. They Look Alike, But They’re Different Credit and debit cards typically look almost identical, with 16-digit card numbers, expiration dates and PIN (personal id
The ratio of total liabilities to stockholders' equity. The higher the proportion of debt to equity, the more risky the company appears to be. An indicator of the amount of financial leverage at a company. It indicates the proportion of the company's assets provided by creditors versus owners.
DEFINITION of Tax Season Tax season is the time period between January 1 and April 15 of each year when individual taxpayers traditionally prepare financial statements and reports for the previous year. In the United States, individuals must file their annual tax return by April 15 of the year following the reportable earnings. How To Calculate The Tax You Owe BREAKING DOWN Tax Season During tax season, businesses must furnish employees, contract laborers and others, such as