Tutorly · Finance · TVM EAR vs APR Formula: Convert APR to EAR Step-by-Step The EAR vs APR formula is one line: EAR = (1 + APR ÷ m)m − 1, where m is the number of compounding periods per year. APR is the quoted (nominal) rate that ignores compounding; EAR is what you actually…
Tutorly · Financial Accounting Adjusting Entries Examples: Accruals vs Deferrals There are four types of adjusting entries, split into two families. Accruals record something that happened but hasn’t been entered yet — accrued revenue and accrued expenses. Deferrals fix something recorded too early — unearned (deferred) revenue and prepaid (deferred) expenses. Every one shifts an…
Tutorly · Canadian Tax How to Calculate CCA: Half-Year Rule + Worked Example To calculate CCA (capital cost allowance), you find the asset’s CCA class and rate, apply that rate to the balance on a declining-balance basis, and in year one claim on only half the addition (the half-year rule). CCA is Canada’s tax version…
