What Are the Different Accounting Methods?

These accounting standards are a simpler version of the IFRS for small and medium-sized entities that don’t publicly trade shares or debt. They cover financial statements, leases, and revenue recognition but aim to make it easier and less expensive for small...

Accounting Methods What Are They, Cash Vs Accrual, Types

This means I note a sale when I receive payment and an expense when I pay a bill. It’s simple and easy to understand, making it popular among small businesses and individuals managing their personal finances. The third step is to summarize the transactions into...

Depreciation and Amortization: Whats the Difference

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy’s current...

Depreciation vs Amortization: Understanding the Key Differences

Both depreciation and amortization have an impact on a company’s financial statements. Depreciation is used for tangible assets, while amortization is used for intangible assets. Both methods reduce net income on the income statement, reduce the value of the asset on...

What Is an Operating Lease? Key Features & Benefits Explained

Acquiring lab equipment is one of the biggest financial challenges for life science companies, especially startups and labs operating on tight budgets. Even labs with steady cash flow can struggle to afford high-quality instruments upfront or secure loans for major...