Horizontal Analysis Overview, Formula & Examples Lesson

The year being used for comparison purposes is called the base year (usually the prior period). The year of comparison for horizontal analysis is analysed for dollar and percent changes against the base year. A company will look at one period (usually a year) and...

Comprehensive Income: Statement, Purpose, and Definition

Paying more than the amount in the income trial balance statement is unfavorable for the corporation’s cash balance. As a result the $9,000 decrease in accounts payable will appear in parentheses on the SCF. In 2007, the IASB (International Accounting Standards Board)...

Reconcile an account in QuickBooks Online

In the realm of financial management, reconciling accounts stands as a fundamental task. It ensures the harmony between your recorded transactions and the reality reflected in your bank statements. QuickBooks, a leading accounting...

Can You Develop Alcohol Intolerance?

Seeking medical advice is crucial for accurate diagnosis and management. The primary cause of alcohol intolerance is a genetic condition that affects the body’s ability to metabolize alcohol efficiently. One of the key enzymes involved in alcohol metabolism is...