Accounting - HubPages.com

Accounting - HubPages.com
6
How to Effectively Manage Accounts Receivables
by rsmallory (183 followers)
From the time of ancient Egyptians, Greeks and Romans, the practice of auditing the accounts of
public institutions existed. Checking clerks were appointed in those days to check the public
accounts. To locate frauds...
0
Qualifications and Disqualifications of a Company Auditor
by dialogue (181 followers)
When you operate your business as an S corporation and pay yourself as an officer-employee and
possibly other employees, you have payroll tax obligations including withholding and depositing
taxes and filing payroll tax...
Top ten financial institutions of the world,as surveyed by 'The Economist and the Economist'
institution of U S A.According to that survey,-J.P.Morgan Chase& co,Credit Sussie,Goldman
Scatches,Blackstone,Banco...
In order to avoid situations in which ineffective elements of a business continue to exist simply
because they were on the prior budget, some companies use zero-based budgets,which, as the name
implies, start with zero...
2
importance of financial statements
by chinweike (121 followers)
Firms choose to hold adequate levels of inventory as a strategy to minimize order costs and
maximize use of storage capacity and space. There are also costs of holding and maintaining
inventory, but these costs can be...

The shift to the New Government System was made in response to conformity with the International
Accounting Standard, computerization, generation of financial statements and for agency
monitoring.
The modern technology has enabled the accounting department in Eliminating the redundancy,
Reducing the number of people involved in processing of transaction by removing the unnecessary
control points, etc
The IRS has the authority to look at the transactions recorded in the accounting software for your
business. This will generally be limited to the tax year being examined. The original data on the
transactions should...
The principles of double entry bookkeeping are not easy. It's simple to say that for every debit there
is a credit and but when it comes to actually entering transactions into the accounts, it can become
tricky to...
18
The Accounting Profession
by RGraf (841 followers)
There is no exact definition for discount factor. Generally, discount factor is the main element used
for factoring, which is a procedure followed in accounting and economic analyses such as cost-benefit
analysis and...
0
Analysis of Marginal Costing
by santhov (4 followers)
It is the endless struggle of enrolled agents, cheap CPEs. Time, cost, and quality of online and other
cheap CPE programs are necessary to fulfill the requirements of Treasury Circular 320. In this
article we will...
0

Definition of Discount Factor
by sundaramponnusamy (16 followers)
Learning how to properly prepare financial statements is important for all companies, whether small
business or big business...
6
A modern cost technique (Target costing)
by flurish (24 followers)
Merits of Continuous Audit and Demerits of Continuous Audit. Audits can be classified into two
groups namely; periodical audit and continuous audit.
You may think that hiring a good accountant is all you need to have a good accounting system, but
this is not true. You, as a business owner, also have to learn accounting. Found out why by reading
this hub.
5
What is the use of Accounting
by dilipchandra12 (853 followers)
0
My Life Among Embezzlers - Prevent Theft at Your Business
by Carol Rossi (71 followers)
Advantages of Auditing It is compulsory for all the organizations registered under the companies act
must be audited.Â There are advantages in auditing the accounts even when there is no legal
obligation for...

1
How to Calculate Free Cash Flow to Equity
by Investor Aide
Discover how the Italian accounting profession has evolved as the years passed. The main sections of
the post are as follows: professional titles, Italian auditing and accountancy bodies, training and
state examination...
0
Financial Audit, Reporting and requirements in Singapore
by myrontay (14 followers)
Financial statements analysis is an essential tool to the company since it ensures that it adheres to
accounting standards by providing accounting regulatory agencies with an understanding regarding
whether the company...
2
Concept of Cash Management
3
Ways To Be The Best Accountant or Bookkeeper
by applecsmith (159 followers)
The differences between expenses and expenditure are not purely academic either. The tax
consequences and treatment of expenses and expenditure in the financial statements differ. There

are also some other definitive...
0
Rights and Duties of Company Auditor
Accounting Assumptions in Accounting; Accounting entity Assumptions, Money measurement
Assumptions, Going concern Assumptions and Accounting period Assumptions.
Budgets have multiple purposes which go beyond being solely financial, so it is extremely important
for managers to be involved in the budget process as they can influence the direction of the
business. Some key lessons...
78
Definition of Auditing
by Iamsam (173 followers)
0
Politicalization of Accounting Standards
by LindaKinyo (12 followers)
The objectives of an audit may broadly be classified as 1. Primary Objectives 2. Secondary
objectives. Primary Objectives: The main purpose of audit is to judge the reliability of the financial
statements and the...
0
The Risks of Paying Personal Bills from a Business Account
by kmhagen (12 followers)

30
Top ten financial institutions of the world
by prasadjain (407 followers)
2
Characteristics of Accounting Information System
7
origin of auditing and oregin of audit
0
Time Budgeting in a New Business
by marcfreccero (2 followers)
Many people shy away from the idea of a career in accountancy, thinking it boring and mundane.
Many simply drift into the job. Yet as this article tries to show, life as a forensic accountant can be
interesting and...
Basic accounting principles; The basic accounting principles are Duality, Revenue Recognition
Principle, Historical Cost Principle, Matching Principle, Full Disclosure Principle and Objectivity.
0

How to Calculate the Breakeven Point for Your Business
0
The Accounting Equation and Basic Math Concepts
by oz-vitez (33 followers)
0
Financial Statements Part I
Process costing is useful where an industrial process goes through a number of stages and the
output of one stage of the process becomes the input for the next.
The tax busy season can be a stressful time for any external auditors, especially the first - year ones.
Here are some tips for how a first - year external auditor can survive his or her first tax busy season.
0
Pros and Cons of Financial Statement Analysis
by Richet (5 followers)
An activity-based budget focuses on activities instead of departments or products. Each activity is
matched with the most appropriate cost driver, which is any volume-based (e.g., labor hours or
square feet) or...
30
Advantages of Auditing audit

8
Principles of Cost Management
by cheetah786 (39 followers)
0
Management Accounting: Cost Concepts for Decision Making
by csmiravite-blogs (27 followers)
0
Accounting in Italy - by Ettore Colella
by ettorecolella (2 followers)
In addition to being a good bookkeeping practice, keeping business finances separate from personal
finances is important for personal liability reasons and for tax purposes. This becomes especially
important for LLCs...
To manage costs successfully, businesses should continually review them in the face of new threats
and pressures rather than relying on particular techniques to provide solutions. Hopwood suggests
that to transform...
When you are starting your business from scratch, the entry to open your books is simple, but if you
have been running the business for a while with personal resources, you need to reconstruct your
accounting and do an...
Most people think that if you are an accountant then you must be a math genius. You must be able to
calculate any number in your head. You must take years of math. They couldn't be more wrong.
Accounting is not...

1
The Proforma Income Statement
by jamesrk (84 followers)
16
Free Partnership Deed Agreement Template and Contract
by Mubin123 (63 followers)
Cost measurement is an important function of any organization that wants to make an impact.
Without measuring costs, many decisions will be impossible to make. Finding ways to work out the
cost of goods and services is...
37
Basic Terms used in Accounting
Accounting can be very complex, but many of the concepts follow simple logic. This hub talks about
the accounting process and explains everything from recording journal entries to creating financial
statements such as a...
This hub gives eight reasons why a business owner needs to hire an accountant. It definitely
encourages any business owner to hire one.
Free Cash Flow to Equity measures how much cash can be paid to equity stockholders of the firm
after all expenses are deducted along with reinvestment and debt repayments.
Lean Accounting and Lean production must complement each other if the benefits of lean thinking
are to be realised. Learn what lean accounting is & its importance in the success of lean systems.
40
Objectives of Audit auditing

Tax busy season is the toughest three and a half months any accountants will face. Find out what the
tax busy season entails for any accountant through this hub.
0
Pursuing a Career in Accounting: Boring or Brilliant?
by just jobs (2 followers)
Cost determination requires maintenance of a separate set of books to record all the transaction
relating to costs. The object of costing is to ascertain the cost control and cost educations and to
assist the management...
0
Cost accounting: Limitations of standard costing
by SpiffyD (224 followers)
The trial balance is prepared to check the arithmetical accuracy of accounts. If the trial balance does
not tally, it implies that there are arithmetical errors in the accounts which require location,
detection and...
0
Analysis and Interpretation of Financial Statements
0
Responsibility Centers and Responsibility Accounting

2
The Importance of Accounting
by ercramer36 (281 followers)
0
The Psychopathy of Corporate Functionality
by belleart (91 followers)
0
Advantages and Objectives of Activity Based Budgeting
0
Custom Templates for Business NCR Invoices
by Josh Makaveli (16 followers)
0
Difference between Auditing and Investigation

In preparing the budget you can combine the knowledge of different aspects of your business in
order to coordinate all your activities and plan how they can contribute to achieving your business
goals. This generates...
Management Accounting is needed by managers who are tasked to set the directions of the company
and do cost control measures. As managers, they are responsible for maximizing the use of company
resources and the control...
0
CAFR Budget Analysis for the State of Arizona
If you were contemplating becoming an accountant and read my article on the accounting
profession, you might have sworn against it. Yet, a part of it still intrigues you. The world of figures
is not limited to...
0
Consistency of presentation in financial accounting
Prudence is one of the fundamental principles of accounting. It suggests that assets or revenue
should not be overstated. On the flip side, liabilities and expenses should not be understated either.
Invoice is an itemized statement of money owed for goods shipped or services rendered, great
businesses invest high time to maintain their industry records on NCR forms.....
0
Management accounting: Reasons for holding inventory

0
Dutch Payroll
by eafspayroll
1
Accounting principles: Business entity concept
The instrument serves to advise on all aspects of budgeting and its relationship with the company's
costs. Why is it necessary to plan and control the company's costs? Profit is the most important and
crucial for the...
0
Objectives and Advantages of Auditing
0
Classification of Accounting Jobs in India
by antigravity (7 followers)
BBA (Bachelor in Business Administration): Bachelor's degree program in business administration/
business studies/ management studies are called by various names by the different universities.
However, all are more or...
18

Understanding the Accounting Process
by Jason Matthews (160 followers)
2
Price discrimination
by Sara Algoe (311 followers)
1
Accounting Theory- Concepts, Assumptions And Conventions
by vicogon40 (4 followers)
14
Why You Need to Learn Accounting (the Basics, That Is)
by emievil (1,039 followers)
1
The Three Types of Business Activities in Accounting
by kaiyan717 (168 followers)
The life of a CPA has it's taxing moments!
If you want to locate something in Quickbooks, or get a quick list on some vendor, customer, account
(ie individual income and expense accounts), or anything along those lines, here's how: Simply hold
down the Control...

3
AUDIT PLANNING ACCA
by Sara Algoe (311 followers)
AUDIT PLANNING AUDIT PLANNING Importance It's a vital area of the audit primarily conducted
at the beginning of audit process to ensure that Appropriate attention...
6
Budgeting and Control in Business
by charmike4 (181 followers)
7
Agree a Budget - Skills required
by livingsta (531 followers)
Right and duties of company auditor are of statutory nature. The companies Act of 1956 has clearly
explained the rights and duties of company auditor.
1
Accounting as an Information System

0
Financial Statements Part II
1
Accounting concepts: Materiality
If you are starting a small business or just want to keep Home Accounts ,then you will need to keep
records. An essential part of your records will be your Cash Book. This enables you to record the
movement in your...
Discover what a proforma income statement is and how real estate investors use it to evaluate a
property's future performance.
0
Budgeting 101: How to Create a Workable Budget
by tehgyb (77 followers)
4
Cash Flow Management For Solopreneurs
by nerdenterprises (3 followers)
Analysis and interpretation of financial statements are an attempt to determine the significance and
meaning of the financial statement data. so that a forecast can be made of the prospects for future
earnings ability...

0
Payroll Tax Checklist for Your S Corporation
2
New Government Accounting System in the Philippines (NGAs)
0
Free basic record keeping advice in South Africa
by Ramsey Ntombela (2 followers)
10
Profit and Loss Account
Costs are often a silent killer of business. While revenue and sales are essential for any enterprise,
expenses are just as important for profit. Costs are also far easier to control than revenue, making
them a prime...
There is an accountant's story that goes like this: Once there was a man who was the chief
accountant for a major business in town. This man had a reputation for being the most
knowledgeable accountant in the area and...
1

How to Calculate The BreakEven Point with graph
by Mubin123 (63 followers)
0
The Life of a CPA
by ediann (149 followers)
When you buy a business that consists of a group of assets, you have to file IRS Form 8594 to report
the allocation of the purchase price among the different assets. This allocation can have significant
tax...
0
Can the IRS Look at the Accounting System for Your Business?
Importance of financial statement is not what anyone can just keep aside without feeling the heat. A
financial statement is very important in every society as many economic and financial decisions are
made based on it. ...
Cash is King Cash is king. Cash is the life blood of the business. These are statements we hear often.
The question is why does a company's profit or even its bank account balance NOT tell us the full
picture? In...
I have been searching for a webpage that offered a free partnership template for a few days now.Â
Whilst many have claimed to offer free partnership templates they all end up trying to charge you
money. A...
Budgeting is not easy, its not fun. That is why so many people have such problems with it. As for
explaining what budget plan works best for you, it is impossible as everyone's financial position is
different.
Math often scares many individuals who attempt to learn accounting. In this brief article and
example, the accounting equation and basic correlating math concepts can help anyone start to
learn an important financial...

0
Different Types of Inventory and Asset Tags
by Rowena Taylor (1 follower)
2
Accounting terms: Expense versus expenditure
Steps to success and ways to become the best accountant or bookkeeper. Easy tasks and things to
do daily that will increase your productiveness.
11
Being a Bookkeeper
by RGraf (841 followers)
Here is an extensive list of free CPA exam sample questions. Use them to help prepare you to pass
the CPA exam on the first try!
Accounting can cover many different business activities. Responsibility accounting is a process that
helps decentralize this business activity. The use of responsibility centers can help strengthen a
decentralized...
2
Liabilities of an Auditor

This hub features 10 of the well - known accounting scandals in the world, scandals that led to
permanent and lasting changes to the accounting world.
The following accounting problem addresses the risk of material misstatement and the
consequences of reporting inaccurate data to governing bodies...
Use of Accounting; Meaning of Accounting, Definition of Accounting and Characteristics of the
Accounting. American Accounting Association definition of Accounting.
Price discrimination Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Where a producer of good
or...
2
Cost accounting concepts: Economic order quantity
Most countries work really hard to attract foreign direct investment (FDI) because of its
acknowledged advantages as a tool of economic development (Ayanwale 2007),FDI is becoming an
important avenue to raise funds at a...
Basic Terms used in Accounting, basic accounting terms, Profit and Loss Statement, Balance Sheet.
Accounting Equation, Assets, Liabilities, Capital, Sales. Expenses and Revenues. Expenditure. Loss,
Income and Profit,...
By definition, the Economic Order Quantity (EOQ) is the order quantity that minimizes inventory
costs. The EOQ is critical to maintaining adequate levels of inventory; it does this by ensuring that
the right amount is...
What is a Suspense Account. Utility of Suspense Account and Disposal of Suspense Account. To
avoid delay in the preparation of financial statements, the Suspense Account is helpful.
9
Types of Accounting Information
Before we start to discuss how to calcuate the break even point lets first figure out what exactly it is!
The break even point (BEP) is defined as "the point at which costs/expenses and revenue are equal;
your...

Accounting is concerned with collecting, analysing and communicating economic information (Atrill
& McLaney, 2004, p1). However in order to develop a broader understanding of accounting and the
central role it plays...
0
cost estimation and cost measurement
by investinginvest (5 followers)
0
The prudence concept in financial accounting
0
What is Double Entry Accounting?
by Debora V Johnson (1 follower)
2
The impact of foreign direct investment in developing countries
by adelbert1 (2 followers)
In my previous career I was a bookkeeper and worked for many interesting and varied companies.
They all had one thing in common. They had cash and they had employees - and the employees were
stealing the cash. ...
0
Appointment of Auditor

10
The Tax Busy Season
2
Accounting: Characteristics of good accounting information
1046
New Trains for Rail Budget 2012-13
by ds15
28
Accounting - The Language of Finance
by Chuck (4,289 followers)
6
Accounting Principles
13
Accounting and its role in society

by nrupalia (34 followers)
1
Suspense Account
Auditing is systematic examination of books and records to confirm whether prepared financial
statements or giving true and fair view.
3
Definition and scope of accounting
0
Accounting Entry to Open the Books for Your Own Business
0
How to Succeed in a College-level Accounting Course

0
IRS Form 8594 when you Buy a Business
54
Objectives of audit and advantages of Auditing
by youcanwin (289 followers)
0
Advice on Getting a Job in Accounts Payable
20
Limitations and techniques of Cost accounting management
16
Eight Reasons for Hiring an Accountant
The liabilities of auditor can be classified as liability under optional audits and liability under
statutory audits.
During my MBA I had the opportunity to review a case study on the watersports brand Body Glove.
Body Glove was founded by Bob and Bill Meistrell taught themselves to swim in rural USA before
moving to Manhattan Beach...
For a better understanding we could classify the objective of audit as: 1. Primary Objectives 2.

Secondary Objectives. Primary Objectives:Â To determine and judge the reliability of the financial
statement...
0
Historical Development Of Accounting
by victor nzekwu
0
Cheap CPE, Including Ethics, for EAs
by KeithTax (481 followers)
0
Financial Accounting Theory and Analysis
The Cost of a product of comprises of materials, labour, and over heads. On the basis of variability
they can be broadly classified as fixed and variable costs. Fixed costs are those costs which remain
constant at all...
Accounting is the process of obtaining, recoding, classifying, summarizing, reporting, interpreting
ans presenting financial information in a manner that will facilitate informed decisions by the users
of the...
Accounting is an excellent profession that offers many great advantages. Actually, accounting is one
of the most high demand careers, as its part of every industry and is the centre of every business.
0
Choosing a career in accounting
by Kristina_H_Chung (15 followers)

0
The Objectives of Process Costing
by Peter Hann (7 followers)
Click here to read about Generally Accepted Auditing Standards (GAAS), including governing bodies
who regulate publicly traded firms...
The wordÂ 'Audit' is originated from the Latin word 'audire' which means 'to hear'.Â In the earlier
days, whenever there is suspected fraud in a business organization, the owner of the business would
appoint a...
Different authorities defined the subject of 'Accounting' in different ways. So it is difficult to define
the subject through a single definition. Let us look at some of the prominent definitions: ...
34
10 Scandals That Rocked the Accounting World
Target costing is a modern technique of cost control. It is a reverse costing technique in which
selling price is determine by read the market environment and then the desire profit margin is
deducted from the selling...
0
Accounting 101: Basic Accounting Terms and Concepts
by accountingnerd (3 followers)

47
Errors in Accounting
Accounting is a vital aspect of a successful business. Accountants provide management with a
financial snap shot of how a business is doing.
Accounting is the process or detailing the financial position of a business or individual by producing
financial reports. The primary financial reports include the cash flow statement, the income
statement and the balance sheet. General accounting principles (GAAP) detail the process for
recording transactions, performing internal audits, keeping financial records, and reporting financial
results. Most businesses today use a combination of specialized accounting software or a network
based accounting package. The Sarbanes-Oxley Act and regular auditing protocols provide a
verification of the company's financial statement s for investors and customers. Read more about the
financial statements and other accounting topics in this Hub category.
One of the fundamental concepts of accounting is that the activity of a business is separate from the
personal activities of the owner(s) and employees. This is the business entity concept or separate
entity concept,...
0
Why Choose A Career As A Forensic Accountant?
by Mark Jenner (29 followers)
Everyone must learn these important accounting lessons to optimize their financial transactions.
These are lessons I have learned in my classes that I use in my day-to-day life to help me reach my
financial goals.
Accounting concepts are particular statement of accounting theory. They are also referred to as
priciples or fundamental accounting postulates, they are rules adopted as guides to actions which
rest on general...
At the breakeven point of a business, income is equal to expense and therefore there is no gain or
loss. It is the starting point from which an increase in sales or a reduction in costs generates a gain
and a reduction...

3
5 Ways to Control Costs
by secularist10 (218 followers)
1
Preparation of Cost Sheet
Management Accounting is one of the most feared subjects by Accountancy students. However, if
you find time to study the terms and concepts, it would give you an overview of a subject matter that
is interesting and...
Purpose of producing accounting information and descriptions of the main users Accounting is
primarily concerned with collecting, analysing and communicating financial data. Accounting exists
for a particular...
Let me say from the outset that I am in no way an expert on taxes, accounting, or sales tax.
However, I have had to figure this out for my own small business operating here in Colorado, and I
figured my simplified...
9
Professional Ethics and Codes of Conduct
by Bilaras (302 followers)
Section 224 of Companies Act reads about rules and regulations with regard to appointment of
auditor to company.
Double-entry accounting is an accounting principle based on the accounting equation, A=L+OE,
whereby two or more entries are posted to the general ledger, requiring that all debits equal all
credits.

1
What is ERP & Why do SMEs need ERP Services?
by erpservices
0
Understanding Basic Management Accounting Terms and Concepts
Business and accounting go hand in hand together. You need to understand the fundamentals of
accounting to make sure your business is successful. This guide and the tips will help you.
7
10 Reasons to Hire a Bookkeeper in 2014
by rightfit4life (11 followers)
What kinds of inventory and asset tags do businesses use for their tracking needs? Are there specific
types that you need in order to keep better track of your assets?
The three main types of business activities are financing, investing and operating. These three types
of activities all involve the flow of money, however what the money is for will be the determinate of
which category...
It is possible for companies to legally impact their financial accounts through the use of accounting
policies. Balance Sheet values and Profit and Loss can be affected by a wide range of accounting
practices.
Having a time budget is one of the most crucial elements to starting a new business as time is the
ONLY thing you can't get back. Here's how to create a time budget for your business.
The politicalization of accounting standards was a necessary move by governing agencies to help
protect consumers from fraudulent accounting practices...

You somehow survived this tax season but you never want to go through that again! If you don't
realize by now you need to hire a bookkeeper, here is a list of 10 reasons that will help you decide.
Psychopaths: no empathy, and a lot of narcissistic tendencies. Corporations: no empathy and bag
loads of narcissism. How much exactly do these 2 unrelated subjects have in common?
Budgeting is not a simple process as it seems, be it for personal or business use. Various skills are
needed to develop, agree, negotiate and manage budgets.
Financial statements are the key indicator to whether a company is operating profitably or not,
which is why investors and lenders must have accurate data to base decisions on...
This is reference to the demand of trains across India Here is the most demanded trains in India. 1.
Mysore-Chandigarh/Kalka SF Exp ( Bi Weekly) Via-Bangalore,Kacheguda,Nagpur,Delhi 2.Puduchery-
Amritsar SF Exp...
2
What is Lean Accounting?
by gitachud (42 followers)
Struggle in accounting classes? Can't discover the method to succeed in a college-level accounting
course? Read here to find out the method to pass accounting courses easily.
Financial accounting deals with recording and analysis of financial results of transactions as a
means of arriving at a measure of organization's success and financial soundness.
photo courtesy of dier madrid @ flickr.com Accounts Receivables can include setting up new
customers, maintaining customer account information, invoicing as needed, compiling and
distributing monthly statements and...
2
The Trial Balance: Is it a credit or a debit?
by Hayley Richardson (56 followers)

10
Free CPA Exam Sample Questions
by Mutiny92 (270 followers)
Most of the problems causing failure of businesses can be detected and solved through basic
recordkeeping. This is a basic discussion of the recording of basic information, particularly financial
info
The Institute of Certified Public Accountants of Singapore (ICPAS) is the national body representing
the accounting profession in Singapore. It maintains a register of qualified accountants comprising
mainly local...
Meaning of Cash With reference to cash management, the term "cash" Is used in two senses. In a
narrow sense it Includes coins, currency notes, cheques, bank drafts held by a firm with it and the
demand...
Accounts payable can be a separate position in an accounting or finance department or can be part
of a multi-task administrative position. The person in charge of accounts payable has an important
internal control...
Cost Accounting is not an exact science like other branches of accounting but is an art which has
developed through theories and accounting practices based on common sense and reasoning. These
practices are changing...
If a writer has some things he or she can't do without, an accountant also has things he or she can
do without. Featured in this hub are just some of the things that are essential for any accountants to
have.
1
FASB Codification System Orientation
Characteristics of Accounting Information System. Accounting information must possess the
characteristic of reliability, relevance, understand-ability and comparability. Accounting Articles

21
Accounting Assumptions
A close look at an example of a company the utilizes financial accounting theory and analysis to
create sound accounting decisions...
Also known as the consistency concept, Consistency of Presentation is one of four fundamental
assumptions of IAS 1 - along with going concern, fair presentation and accruals.
Accounting requires that data about an organization's operations be recorded, summarized,
analyzed and presented in a form that various stakeholders can use to make economic decisions. To
make prudent decisions,...
4
Colorado Sales Tax Small Business Help Guide
by Jane Grey (584 followers)
0
Why produce accounting info?
by nrupalia (34 followers)
0
Advantages and Objectives of Zero Based Budgeting
Solopreneurs have unique challenges in front of them. Resources are often limited so planning cash
flow is critically important, especially in the beginning.
0

Cheap Online CPE Courses for CPAs
by KeithTax (481 followers)
0
The Use of Creative Accounting Methods
by patraining (11 followers)
0
Risk of Material Misstatement
3
Home Accounts Tips 2 - The cash Book
by Roly2010 (6 followers)
25
Meaning and Definition of vouching
0
Coordinating a Budget Based on Knowledge of the Business

Evolution of new technologies and changing needs of the enterprises have made every business
decision maker to realize that his/her enterprise mainly depends upon resources and need correct
planning to optimize how...
1
HOW TO FIND SPECIFIC ITEMS IN QUICKBOOKS
by advisor4qb (443 followers)
Accounting for transactions can seem complicated and confusing. Being able to understand
accounting 101 concepts will help immensely with important business and financial decisions.
1. RULES OF PROFESSIONAL CONDUCT Introduction: Members of association are required to
observe proper standards of professional conduct and refrain from misconduct. Overseas members
may follow the local ethics where...
29
BBA vs ACCA
by Durga Prasad Sah (2 followers)
http://hubpages.com/topics/business-and-employment/accounting/810
Find the highest quality, lowest cost CPE courses for CPAs. Reviews of online courses, webinars, and
live classes.
This hub is for those who are aspiring to be an accountant. This article revolves around the
classification of accountants and the varied roles that they play.
1
Generally Accepted Auditing Standards

5
Some Things an Accountant Cannot Do Without
0
How to Survive Your First Tax Busy Season
1
Understanding Cash Flow Statements
by james leong (3 followers)
Vouching of cash transactions After preparing Audit note book, audit planning, auditing working
papers, audit preparations etc., the next step is to proceed with the examination of accounting
entries passed in the...
The concept of materiality helps to reinforce those characteristics by classifying financial
information's usefulness to its users. As such, materiality is a subjective concept. Whether financial
data is material...
Auditing is systematic examination of books and records of an organisation to confirm whether the
prepared financial statements are giving true and fair view or not. Systematic investigation of books
and records to...
It's important for government agencies and non-profit firms alike to have accurate comprehensive
annual financial reports (CAFRs) prepared to ensure funding is properly allocated...
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business accounting
by Kristina_H_Chung (15 followers)
Qualifications of Company Auditor and Disqualifications of Company Auditor. According to Sec. 226
of Companies Act, Company auditor should be either Chartered Accountant or Certified Auditor.
Section 226(3) of Companies...
Using standard costing has inherent merits and demerits. The demerits include limitations of the
model, lack of accord over how it should be used and a potentially negative effect on the workforce.
As per companies Act, 1956 there no prescribed performa for the preparation of Profit and Loss
Account.Â But the information and particulars are to be present in the Profit and Loss Account are
laid down in...
EAFS consulting BV are a Dutch Payroll consultancy for contractors. We're here to help you
understand the basis of payroll throughout The Netherlands.
Having a system of accounting principles for accounting professionals and publicly traded
companies to abide by is essential for investors and lenders alike...
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7 Important Accounting Lessons Everyone Must Learn
by Millionaire Tips (870 followers)
Accounting is an ancient profession that is as old as civilization itself.Â Accountants have even been
attributed with inventing the first writing and record keeping system.Â As long as there have been...
1
Merits and Demerits of Continuous Audit
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Budget of Costs as a Planning and Control of the Company
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Body Glove - A Budgeting Case Study
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