Data & Finance for Work & Life
Underwriters and auditors are separate and distinct jobs. While in some cases they may work on the same projects, they work under different scopes. Underwriters deal with risk and uncertainty, while auditors work with financial standards. An underwriter determines the value of risk involved in loans or insurance coverage, whereas an auditor ensures that a […]
Underwriter vs Auditor: What’s the difference? Read More »
Accountants can optionally reverse adjustments at the beginning of an accounting period if a portion of the service, or the receipt of the bill for a service, occurs in the period immediately before. This process is similar to the adjustment of asset value using current depreciation. However, unlike operational adjustments, depreciation adjustments are never reversed
Reversing Entry for Depreciation Expense: Does it Exist? Read More »
In a capitalist world based on debt, the roles of the lender and underwriter are crucial. Most people first hear of lenders and underwriters when they go to take out a loan for a house, but this is only a small fraction of their activity. Anywhere there is debt or marketable securities, as well as
Underwriter vs Lender: What’s the difference? Read More »
When we’re learning about data, it’s easy to get overwhelmed with the terminology — there’s cleaning, transforming, querying, normalizing, visualizing, and more. Don’t let the jargon confuse you. If you’ve ever played with a small dataset in Excel, then you have probably completed most of these tasks, even if you didn’t realize it. That’s because
Is Data Visualization a Data Cleaning Task? Read More »
If you’ve spent time matching accounts across financial statements, then you know the importance of retained earnings. Without them, your balance sheet would fall out of equilibrium with every sale you make, and expense you incur. In fact, they are so critical to accounting entries that we could say retained earnings are to liabilities &
Retained Earnings: Corresponding Journal Entries Read More »
I recently sat in on a board meeting where the leaders of a $800M revenue company discussed how they could “go public,” and do it in less than 2 years. After some chat, the terms “Private Placement” (PP) and “Direct Public Offering” (DPO) came up. The consensus was that both are cheaper and quicker than
Private Placement vs. Direct Public Offering: Complete Comparative Tables Read More »
Data analysis and data science are popular terms today, but the direct advantages of using them in business are still unclear for many people. If you’re a business owner, you need to know what you stand to gain from incorporating analytics into your company. And if you’re a data analyst, you need to show exactly
9 Tangible Benefits of Data Analytics (& How to Get Them) Read More »
If you’ve ever tried to execute a complex analysis, you know the feeling of getting stuck. It’s a normal part of any analysis to need time to reflect, but what if you find yourself struggling longer than usual? In these cases, you may feel stumped. I’ve spoken with several analysts about this feeling, and there
Stuck in Your Data Analysis? Here’s Why, & How You Can Fix It Read More »
If you’re used to navigating Excel spreadsheets with the F2 key and arrow keys, the switch the LibreOffice Calc can be tough. While most standard functionalities are the same between the two spreadsheet applications, many of the nuanced shortcuts that Excel formula warriors are accustomed to don’t transfer. Unfortunately, the F2 toggle function is one
There are 6 cost categories associated with an initial public offering — accounting, legal, registration, miscellaneous bills, underwriting, and printing. Most of these are self-explanatory, but the old term “printing” is misleading. Before the 2000s, IPO “printing” costs referred to the cost of actual printed paperwork, such as registration filings, needed for an IPO. Now,
IPO Printing Expenses: Detailed Breakdown With Examples Read More »
