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Sheet Happens

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Featured Posts

  • How liquid are we? Welcome the liquidity ratio!

    How liquid are we? Welcome the liquidity ratio!

New Posts

  • Bonus Depreciation Calculation

    Bonus Depreciation Calculation

  • Balance Sheet: A No-BS Guide to Accounts, Examples, and the Magic Equation

    Balance Sheet: A No-BS Guide to Accounts, Examples, and the Magic Equation

  • Accounts Receivable: The Money You’re Owed (But Don’t Have Yet)

    Accounts Receivable: The Money You’re Owed (But Don’t Have Yet)

Accounting

  • Accounts Receivable: The Money You’re Owed (But Don’t Have Yet)

    Accounts Receivable: The Money You’re Owed (But Don’t Have Yet)

    Is accounts receivable an asset or liability? Understand why AR is a debit, not a credit, and how it differs from revenue. We cover key accounts receivable journal entries, its role as a current asset, and how to manage bad debt and allowances.

  • Unearned Revenue: Why Getting Paid Early is a Liability

    Unearned Revenue: Why Getting Paid Early is a Liability

    Accounting
  • Accumulated Depreciation Once Again

    Accumulated Depreciation Once Again

    Accounting
  • Predetermined Overhead Rate (POHR): Formula and Calculation

    Predetermined Overhead Rate (POHR): Formula and Calculation

    Accounting
  • Stop Guessing, Start Winning: A Leader’s Guide to Process Costing

    Stop Guessing, Start Winning: A Leader’s Guide to Process Costing

    Accounting

Ratio Analysis

  • Be Ready for the Acid Test OR Why Current Ratio Is Not Enough

    Be Ready for the Acid Test OR Why Current Ratio Is Not Enough

  • The Debt to EBITDA Ratio: What Ut Is and Why You Should Give a Damn

    The Debt to EBITDA Ratio: What Ut Is and Why You Should Give a Damn

    The debt to EBITDA ratio is a key leverage ratio for financial ratio analysis. This guide explains the EBITDA meaning, how to calculate the ratio, and provides debt ratio interpretation to help you identify what is a good debt to EBITDA ratio for any industry.

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