For accountants, in addition to " Three first "Three meetings", we must do well. Communicate Coordination work. The details are as follows: First, internal communication skills. Most financial personnel are not good at communication, and the nature of accounting requires highly coordinated work and...
Goodwill involves factoring in estimates of future cash flows and other considerations that aren't known at the time of the acquisition. This may not normally be a major issue but it can become significant when accountants look for ways to compare reported assets or net income between companies....
How Do You Explain Accrual to Non-Accountants? Accrual accounting uses the double-entry accounting method, where payments or reciepts are recorded in two accounts at the time the transaction is initiated, not when they are made. What Is the Difference Between Cash Accounting and Accrual Accounting...
“This can also provide an opportunity to clarify any questions the funding body might have about the application.” If your client’s application is good enough to be approved, you should review the offer carefully. Alastair says: “This includes understanding the interest rate, repayment terms,...
Becoming a financial advisor can lead to a lucrative career, but the real reward is helping clients achieve their dreams.
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Professional networking is vital to the growth of any career, and accounting is no exception. Yet, many accountants and bookkeepers inwardly groan at the idea of attending networking events, associating them with awkward conversations, gathering stacks of business cards, and the idea of “selling”...
Consult with legal professionals and accountants to determine whether a sole proprietorship, partnership, limited liability company (LLC) or corporation is right for you. In the U.S., you’ll also need to register your business and apply for a federal employer identification number (EIN) in orde...
In a smaller environment, it is often an acceptable practice to use global groups for both organizing users and for permissions. Name the global groups in a manner that gives you an idea of the group membership and group type. A global group containing accountants from the ABC domain might ...
In an M&A deal, hard due diligence is the battlefield of lawyers, accountants, and negotiators. Typically, hard due diligence focuses on earnings before interest, taxes, depreciation and amortization (EBITDA), the aging of receivables and payables, cash flow, and capital expenditures. ...