Factor of Safety 5 min read
Factor of Safety Calculator
When building things, we want to make sure the materials we use or the structure we build can withstand the…
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Financial Accounting 6 min read
Reported Profitability and the Principle of Conservatism
Question: Previously, the term “asset” was defined as a future economic benefit owned or controlled by a reporting company. On an income statement, items such…
Financial Accounting 4 min read
The Construction of an Income Statement
Question: The revenues, expenses, assets, and liabilities reported by an organization provide data that are essential for decision making. The informational value of these figures…
Financial Accounting 1 min read
How do you build a 3 statement model?
There are several steps required to build a three statement model, including: Input the historical financial information into Excel Determine…
Factor of Safety 6 min read
Safety factor: How do I calculate that?
How do I know if the design of my part is « safe » enough? That’s a difficult question that many designers…
Financial Accounting 1 min read
3 statement model
What is a 3 statement model? A 3 statement model links the income statement, balance sheet, and cash flow statement…
Financial Accounting 4 min read
financial modeling
What is a financial model? A financial model is simply a tool that’s built in Excel to forecast a business’…
Factor of Safety 4 min read
4 Insights on Factor of Safety in Engineering
The civil engineering discipline utilizes a number of protocols and procedures to help guarantee that completed civil engineering projects are…
Financial Accounting 2 min read
Financial Reporting?
Definition: Financial reporting refers to the communication of financial information, like financial statements, to the financial statement users, like investors and…
Factor of Safety 3 min read
Factors of Safety
Factors of Safety – FOS – are important for engineering design Factors of Safety – FOS – are a part of engineering…