talent

Discounting and compounding arbitrary cash flow streams in order to value different claims and make better financial decisions. Another example of the accrual method of accounting are expenses that have not yet been paid. Even though the company won’t pay the bill until August, the accrual method of accounting calls for the company to record the transaction in July. In addition to debiting Utility Expense, the company records a credit to accounts payable. A statement of shareholder’ equity reports how a company’s equity changes from one period to another.

• Provides support for University of Florida staff navigating the payroll process