Marcus Sterling
Corporate Finance & Investment Classified vs Unclassified Balance Sheet (Same Accounts, Different Answers)
Classified vs unclassified balance sheets: what the current/long-term sorting adds, who requires it, and the current-portion reclassification that…
Corporate Finance & Investment How $10 of Depreciation Flows Through the Three Statements
The classic interview walk: $10 of depreciation through the income statement, cash flow statement and balance sheet -…
Corporate Finance & Investment R&M Expense: What It Is and the Expense-vs-Capitalize Line
R&M (repairs and maintenance) expense explained: the improve-vs-restore test, examples on both sides of the line, and why…
Corporate Finance & Investment Compiled Financial Statements: Example and the Assurance Ladder
Compiled financial statements explained with an example: what a compilation report says, compilation vs review vs audit, and…
Corporate Finance & Investment What Does Force Pay Debit Mean? (And Why It Overdrew You)
Force pay debit explained: transactions coded to post regardless of balance - where they come from, how they…
Corporate Finance & Investment What Type of Account Is Construction in Progress? (CIP)
Construction in progress is a fixed asset account: how CIP works, the three lifecycle entries, why it isn't…
Corporate Finance & Investment Memo Post Item: What It Means on Your Bank Account
Memo post item explained: why banks show transactions before processing, how it changes available balance, and what it…
Corporate Finance & Investment What Is Earned Revenue? (The Grid That Explains It)
Earned revenue explained: when revenue is earned vs received, the earned/unearned grid, deferred revenue, and the nonprofit usage…
Corporate Finance & Investment What Is a Non-Cash Adjustment? (Both Meanings, Honestly)
Non-cash adjustment explained in both senses: the cash-flow-statement add-backs in accounting, and the card-surcharge meaning on receipts -…
Corporate Finance & Investment Cash vs Accrual Accounting for Nonprofit Organizations
Cash vs accrual for nonprofits: how pledges, grants and restrictions change under each basis, when accrual becomes mandatory,…