Tangible Book Value, Explained: What Your Company Is Worth After Stripping Goodwill and Intangibles
Tangible book value is shareholders' equity minus goodwill and intangibles — the liquidation floor banks still trade on, read via P/TBV.
Mike Thrift
Marketing Manager
Trade Discounts vs. Cash Discounts, Explained: Why One Never Touches Your Books and the Other Demands an Entry
Trade discounts never hit the books — record the invoice price. Cash discounts do: book 2/10 net 30 via the gross or net method.
TVPI, DPI, and RVPI, Explained: The Three Money Multiples That Grade a Private Fund
TVPI always equals DPI plus RVPI: cash returned plus paper value over paid-in capital — but no multiple shows timing, so pair it with IRR.
Audit Confirmations, Explained: How Auditors Verify Cash, Receivables, and Lawsuits With Third Parties
Auditors confirm cash, receivables, and lawsuits directly with banks, customers, and lawyers — replies bypass you, and every exception gets investigated.
Battle of the Forms, Explained: Whose Terms Win When Your Purchase Order and Their Acknowledgment Disagree
Extra terms in an acknowledgment enter the contract between merchants unless objected to — but conflicting terms knock each other out.
Bond Ratings, Explained: How S&P, Moody's, and Fitch Grade Default Risk
BBB- (S&P/Fitch) or Baa3 (Moody's) is the lowest investment-grade bond rating — fall below it and forced selling reprices your bonds.
The Capital Asset Pricing Model (CAPM), Explained: How Beta Turns Market Risk Into an Expected Return
CAPM sets your required return at the risk-free rate plus beta times the equity risk premium — three inputs that tell you what any risky asset must earn.
Cloud Implementation Costs, Explained: Which Hosting Setup Costs You Capitalize Under ASC 350-40
ASC 350-40 capitalizes only application-development costs — configuration, interfaces, testing — and expenses preliminary, training, and data-migration costs.
Common-Control Leases, Explained: How ASU 2023-01 Lets Private Companies Use Written Terms That Aren't Legally Enforceable
ASU 2023-01 lets private companies use written, even unenforceable, terms for common-control leases and amortize improvements over useful life.
Cube vs. Jirav vs. Datarails: Which Spreadsheet-Friendly FP&A Tool Fits Your Finance Team?
Cube starts around $30,000/year, Jirav around $10,000, Datarails is quote-based — pick by where your team models: Sheets, web app, or Excel.
Deel vs. Remote vs. Oyster: Which Employer of Record Fits Your First International Hire?
Deel charges $599 per employee per month, Remote and Oyster $699 — but deposits, FX markups, and entity models decide the real cost.
Licensing Revenue, Explained: Functional vs. Symbolic IP Under ASC 606
Functional IP licenses recognize revenue at grant; symbolic IP spreads it over the term — plus the royalty exception and minimum guarantees under ASC 606.