Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
COSO's 2013 framework defines internal control through five components and 17 principles — the criteria behind every SOX 404 audit and most CPA walkthroughs.
Contribution margin is price minus variable cost — what each sale contributes to fixed costs. The CM ratio sets break-even in units and dollars.
The Balanced Scorecard turns strategy into measures across financial, customer, process, and learning perspectives — linked bottom-up in one cause-effect chain.
GAAP books bad-debt expense up front through the allowance method; IRS Section 166 deducts only specific worthless debts. How the timing gap works.
A 15-year mortgage saves about $354,000 in interest on a $400,000 loan but costs $770 more a month — the math, the DTI trade-off, and the pay-like-a-15 hybrid.
The 10-column worksheet turns raw ledger balances into statements: add adjustments, prove the adjusted balances, extend each account to its statement.
Zions Q3 2026: EPS rose 20% to $1.78 as NII hit $684M, fee income jumped 18% and an $8M provision benefit replaced last year's $49M charge.
A write-down cuts an asset to recoverable value; a write-off removes it entirely. The IRS deducts only specific worthless debts under Section 166.
Western Alliance Q3 2026: EPS rose 7.5% to $2.45 as NII grew 7.6% to $807.6M, commercial fees jumped 50% and credit normalized after Q1's spike.
Verizon Q3 2026: EPS rose 6.8% to $1.25 on 3.5% service-revenue growth and record postpaid adds, with $12.8B returned to shareholders.
Utility patents protect how an invention works for 20 years, design patents protect how it looks for 15, and plant patents cover asexually reproduced varieties.
U.S. Bancorp earned $1.34 per share in Q3 2026 on record $7.97B revenue, as the BTIG deal lifted capital markets 69% and deposits hit a record.
