First and foremost: if you’re going to be the accountant for your own business, you’ll need to grasp the basic accounting principles. While we could go on forever on various accounting topics, there are a few key points to remember. First and foremost, understand the purpose of accounting...
One important driving force for changes in accounting is financial crises that create public scandals. After a public scandal changes are launched to prevent history to repeat itself. One alternative to scandals as a driving farce for changes is a public debate, because it can illustrate problems ...
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Environmental Accounting The field of environmental accounting is one that has continued to grow at a steady rate over the past few years as more and more specialized accountants are needed to analyze the costs associated with pollution prevention. These costs are often compared fines, missed tax ...
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This student harnessed the power of Tableau Public for data learning and networking to get her first job in business intelligence.
For the most part, though, you can expect the following to affect your score: Payment history. Whether you pay on time and in full each month is the most important factor in your credit score, accounting for about 35% of the total. Credit utilization. About 30% of your score is ...
The Financial Accounting Standards Board (FASB), which sets standards for GAAP rules, was considering a change to how goodwill impairment is calculated. FASB was considering reverting to an older method called "goodwillamortization" due to the subjectivity of goodwill impairment and the cost of te...
What Is Accrual Accounting? Accrual accounting is a financial accounting method that allows a company to record revenue before receiving payment for goods or services sold and record expenses as they are incurred. In other words, the revenue earned and expenses incurred are entered into the ...
Generally Accepted Accounting Principles(GAAP) are the rules by which publicly-owned United States companies must prepare their financial statements. These are the guidelines that explain how to record transactions, when to recognize revenue, and when expenses must be recognized. International companies ...