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Accounting Financial Accounting Financial Statements 
Accounting Today
JULY 12, 2024
The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.
Accounting Today
AUGUST 30, 2023
The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.
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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
Outsourcing Vs. In-House: The Ultimate Battle For Better Collections
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
The Silent Crisis: Why Finance Lags in Digital Transformation and How to Accelerate AI Adoption
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
Accounting Tools
JULY 24, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? This article gives an overview of financial accounting basics for the non-accountant. Its orientation is toward recording financial information about a business.
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
Outsourcing Vs. In-House: The Ultimate Battle For Better Collections
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
The Silent Crisis: Why Finance Lags in Digital Transformation and How to Accelerate AI Adoption
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
Accounting Tools
OCTOBER 27, 2023
Related Courses Accountants’ Guidebook Cost Accounting Fundamentals There are a number of differences between cost accounting and financial accounting , which are noted below. Cost accounting involves the preparation of a broad range of reports that management needs to run a business.
Tipalti
FEBRUARY 27, 2025
Understanding financial statements is essential for accounting and finance team members, CEOs, business owners, creditors, and shareholders. This article provides financial statement basics and some more advanced concepts for complex companies.
Accounting Tools
MARCH 27, 2023
Related Courses Cost Accounting Fundamentals Financial Analysis What is Cost Accounting? Cost accounting examines the cost structure of a business. None of these tools are used by financial accountants, who are more concerned with the production of financial statements.
Accounting Tools
SEPTEMBER 8, 2023
Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook Most accounting tasks can be divided into financial accounting and managerial accounting. There are a number of differences between financial and managerial accounting, which are noted below.
Accounting Tools
JULY 11, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Financial Accounting? Financial accounting is the practice of recording and aggregating financial transactions into financial statements.
Accounting Tools
JUNE 20, 2023
Related Courses Bookkeeping Guidebook CFO Guidebook New Controller Guidebook What are the Types of Accounting? There are several types of accounting that range from auditing to the preparation of tax returns. Accountants tend to specialize in one of these fields, which leads to the different career tracks noted below.
75 
Less Accounting
DECEMBER 1, 2023
Wrap 2023 Up in a Bow: Here's Your Year-End Accounting Checklist As you wrap up gifts for loved ones, you might be considering what else needs to be done to wrap up your business for the year. This year-end accounting checklist can help you confidently cruise into the holiday season, leaving you ready to make a splash in the new year.
105 
Accounting Tools
DECEMBER 19, 2023
Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization. The key accountancy tasks are noted below.
Accounting Tools
AUGUST 4, 2023
Related Courses Bookkeeping Guidebook CFO Guidebook New Controller Guidebook There are several types of functions fulfilled by the accounting department within a business. These accounting functions are noted below. What is Accountancy? What is an Accountant? Their primary beneficiary is the management team.
75 
Accounting Tools
OCTOBER 9, 2023
Related Courses GAAP Guidebook International Accounting What is a Statement of Financial Accounting Standards? A statement of financial accounting standards (SFAS) gives detailed guidance on how to deal with a specific accounting issue.
Accounting Tools
AUGUST 26, 2023
Related Courses GAAP Guidebook International Accounting What is the Financial Accounting Standards Board? The Financial Accounting Standards Board (FASB) creates accounting standards for use within the Generally Accepted Accounting Principles ( GAAP ) framework.
Accounting Tools
NOVEMBER 1, 2023
Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook An accountant is a person who records business transactions on behalf of an organization, reports on company performance to management, and issues financial statements. Management reports are issued to the management team.
Accounting Tools
JUNE 8, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Accounting Cycle? The accounting cycle is the actions taken to identify and record an entity's transactions. These transactions are then aggregated at the end of each reporting period into financial statements.
Accounting Tools
APRIL 6, 2024
What Does the Accounting Department Do? The accounting department is responsible for a large number of administrative functions within an organization. The areas of analysis may change on a regular basis, so that management can view different aspects of the business, with an emphasis on improving financial results.
75 Accounting Tools
JULY 8, 2024
What is Cost Accounting? Cost accounting involves the recordation, analysis, and reporting of costs to management. The intent behind this type of accounting is to provide insights into the cost structure of a business that can be used to better manage it, thereby improving profitability.
Accounting Tools
APRIL 4, 2023
Related Courses Cost Accounting Fundamentals Managerial accounting involves collecting, analyzing, and reporting information about the operations and finances of a business. The functions of managerial accounting include the following: Margin analysis. The primary output of financial accounting is the financial statements.
75 
accountingfly
FEBRUARY 13, 2025
Top Remote Candidates This Week Are you in need of remote accountants? Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of this week’s top remote tax and accounting candidates.
52 Accounting Tools
OCTOBER 11, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook Introduction to Accounting Basics Accounting is the practice of recording and reporting on business transactions. This means setting up accounts in which financial information is stored. These statements are noted below.
75 
Accounting Tools
JULY 12, 2024
What is Governmental Accounting? Governmental accounting maintains tight control over resources, while also compartmentalizing activities into different funds in order to clarify how resources are being directed at various programs. Some types of funds use a different basis of accounting and measurement focus. Debt service fund.
75 
SMB Accounting and Consulting
MARCH 8, 2023
One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.
52 
Accounting Tools
JULY 17, 2023
Related Courses GAAP Guidebook International Accounting GAAP is short for Generally Accepted Accounting Principles. GAAP is a cluster of accounting standards and common industry usage that have been developed over many years. GAAP is much more rules-based than IFRS.
Intuit
JANUARY 19, 2024
CPA Jobs and Specializations CPA Job Description How to Become a CPA CPA Job Outlook CPA Job Salaries Remote CPA Jobs Freelance CPA Jobs Available Jobs for CPAs at Intuit Entry-Level CPA Jobs What is a Certified Public Accountant’s job? CPAs are accounting professionals who work in a variety of finance-related roles. What Is a CPA?
130 
Accounting Tools
MAY 21, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Journal Entry? A journal entry is used to record a business transaction in the accounting records of a business. The general ledger is then used to create financial statements for the business.
Accounting Tools
SEPTEMBER 7, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals How to Audit Inventory What is a Cost of Goods Manufactured Schedule? It is primarily used in financial accounting , as part of the process of compiling the financial statements.
Future Firm
JULY 13, 2022
In today’s post, I’m going to show you the very best accounting security tips (23 of them to be precise!) to keep your accounting firm safe and secure. Importance of why you must have accounting security for the safety of your business. Why is Accounting Security Important? Key Takeaways. Table of Contents.
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Intuit
SEPTEMBER 18, 2024
Table of Contents Florida CPA Requirements How to Become a CPA in Florida CPA Jobs According to Florida’s Department of Business & Professional Regulation (DBPR), there are more than 36,000 Certified Public Accountants (CPAs) and 5,000-plus CPA firms in the state. To sit for the exam, you must meet Florida’s CPA education requirements.
130 
Intuit
SEPTEMBER 18, 2024
Table of Contents California CPA Requirements How to Become a CPA in California CPA Jobs Remote CPA Jobs Certified Public Accountants (CPAs) have met strict educational and professional criteria to reach the CPA designation. In short, the CPA designation is a marker of excellence in the accounting field.
130 
Outsourced Bookeeping
SEPTEMBER 13, 2023
Nowadays, when it comes to maintaining financial record statements and account books for businesses, it has become a highly stressful and cumbersome task. We, at Outsourced Bookkeeping, provide accounts payable services to organizations and businesses.
Intuit
NOVEMBER 20, 2023
CPA Requirements by States Available Career Opportunities at Intuit for CPA Entry-Level CPA Jobs Are you ready for an exciting new career as a Certified Public Accountant (CPA)? CPA stands for Certified Public Accountant. Every CPA is an accountant, but not all accountants are CPAs. How to Become a CPA?
130 
Billah and Associates
AUGUST 30, 2021
Companies need professional accounting services in Toronto , to have a proper record of their transactions and maintain a book of records that showcases the actual financial position of the business. Professional accounting services in Toronto should be a priority Overlooking bookkeeping can have disastrous effects on the business.
52 
MineralTree
OCTOBER 5, 2023
Read on to learn the benefits of streamlining and optimizing the accounts payable month-end close process, including information on best practices and the role of automation in achieving operational excellence. Getting Invoices Posted Invoices need to be accurately recorded in the accounting system.
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Accounting Tools
APRIL 26, 2023
Related Courses GAAP Guidebook International Accounting What is the Accounting Principles Board? The Accounting Principles Board (APB) was a group that issued authoritative pronouncements about accounting theory and the practical application of accounting.
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Accounting Tools
JUNE 11, 2023
Related Courses GAAP Guidebook Governmental Accounting International Accounting What is an Accounting Standard? An accounting standard is a document issued by a rule-setting body, stating the manner in which accounting transactions are to be recorded and reported.
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Billing Platform
OCTOBER 4, 2023
A generally accepted accounting principle (GAAP), ASC 606 revenue recognition identifies the specific conditions in which revenue can be recognized and provides a framework for how companies need to account for revenue received. Provide useful information to financial statement users through improved disclosure requirements.
Accounting Tools
FEBRUARY 26, 2024
A general ledger is the master set of accounts that summarize all transactions occurring within an entity. The general ledger is comprised of all the individual accounts needed to record the assets , liabilities , equity , revenue , expense , gain , and loss transactions of a business. What is a Trial Balance? Nature of information.
Accounting Tools
NOVEMBER 1, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Accounting Conservatism? Accounting conservatism is the concept that a business should take the most conservative view to recording business transactions.
Accounting Tools
JULY 23, 2024
What is Accounting Theory in Financial Reporting? Accounting theory is the cluster of accounting frameworks and historical practices that is used to apply principles of financial reporting. In addition, there are historical precedents for how accounting issues have been dealt with, usually by specific industry.
40 
Nanonets
SEPTEMBER 21, 2023
Accounting problems can create significant challenges for businesses, affecting their financial flow in the US. In this article, we will explore common accounting problems faced by businesses and provide solutions to overcome them.
52 
Accounting Tools
JULY 31, 2023
Related Courses Capital Budgeting New Controller Guidebook Project Accounting What is Management Accounting? Management accounting is a branch of accounting that focuses on the revenues and expenses of a business, as well as asset usage. Management accounting does not just result in variance reports.
Accounting Tools
MAY 4, 2023
Related Courses Accountants' Guidebook New Controller Guidebook What is a Senior Accountant? A senior accountant is an experienced and well-trained person who works on financial accounting and management accounting tasks. The senior accountant position can be targeted at a specific functional area.
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Accounting Tools
JUNE 9, 2023
Related Courses Activity-Based Costing Cost Accounting Fundamentals What is Cost Accounting? Cost accounting involves the recordation, analysis, and reporting of costs to management. As opposed to financial accounting , cost accounting is primarily intended for internal operational activities.
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