Pro forma cash flow definition
Cash inflows and outflows are carefully analyzed and then adjustments are made for non-cash items to arrive at an accurate projection. Current assets play a pivotal role in the financial...
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Understanding the Classification of Investments: Are They Current Assets or Not?
This is in contrast to non-current assets, which are expected to be held for more than one year and are not easily convertible into cash. The total value of current...
Quick Guide to Master Contra Accounts: Definition, Types & Examples Simplified
It allows for a clear distinction between the original cost of an asset and the accumulated depreciation or amortization. For a financial analyst, depreciation is a non-cash charge that needs...
Direct Labor Efficiency Variance: Efficiency Measurement in Labor Usage
An unfavorable efficiency variance shows that more labor hours were used than standard. Remember that the direct labor efficiency variance in this case was negative, showing that if wages had...
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