Continuing Education Opportunities for Physicians was a semiannual journal section providing lists for regional or national levels of continuing medical education (CME). The journal was established in 1883 by the American Medical Association and superseded the Transactions of the American Medical Association. Kirsten Bibbins-Domingo of the University of California, San Francisco became the journal editor-in-chief […]

Any excess revenue generated must be reinvested entirely into the organization’s mission and cannot be distributed as profit to private individuals. The private sector includes a vast range of entities, from local sole proprietorships to multinational corporations. Understanding the mechanisms and incentives that drive the private sector is necessary for navigating investment decisions and career […]

The abbreviation for debit is dr. and the abbreviation for credit is cr. Over time, the principles of debit and credit were standardized and became fundamental to accounting systems worldwide. Thus, a debit (dr.) signifies that an asset is due from another party, while a credit (cr.) signifies an obligation to another party. Credit entries […]

This account contains the cost of the direct material, direct labor, and factory overhead in the products so far. Under the periodic inventory system there will not be an account entitled Cost of Goods Sold. The amount in this entry may be a percentage of sales or it might be based on an aging analysis […]

Other forms of debt may have fewer covenants, offering more operational freedom to the borrower. It is essential for both issuers and holders to understand these implications to protect their financial and legal interests. The distinction between the two is crucial in determining the legal recourse available to the lender. The issuer, typically a borrower, […]

A salary advance gives employees early access to money they’ve already earned, while a loan provides borrowed money that must be repaid with interest. Learn how salary advance boosts retention, manages cash flow, and keeps your payroll compliant. Repeatedly relying on salary advances can lead to a cycle of debt and financial instability. Accounting for […]

While both lead to increased assets, notes receivable can help you navigate longer-term financial relations with a bit more assurance in your step. Trade Receivables and Notes Receivable illuminate different paths on the financial landscape. Keeping these functions separate helps maintain financial integrity and reduces the risk of errors or, worse, fraudulent activities. Being proactive […]