The 5 Assertions That Every Auditor Should Make
As you know by now, audits are complex and challenging processes that should not be undertaken lightly. When you hire an auditor to perform an audit of your organization, you’re
How to Record Payments in Accounting: The Definitive Guide
If you’re an accounting professional, you probably know that managing payments is essential to your firm’s success. Whether you work with clients on a one-on-one basis or as part of
Maximizing Your Experience on Accounting Forums: Tips and Best Practices
As your career progresses, you will likely find yourself in one of two situations: Either you are working with more experienced accounting professionals who can offer you guidance on how
Understanding the Difference Between Internal and External Financial Reporting
Accounting is the language of business. The financial statements are an important element of accounting. All businesses need to track their performance and understand how well they’re doing over time.
Auditing Your Business: A Comprehensive Guide to Reducing Risk and Improving Financial Management
The ability to monitor and exercise control over key resources is paramount for any business. A properly implemented risk management program will assist you in identifying and mitigating risks to
Debunking Myths About the Financial World: Accounting Conservatism and Beyond
People often attribute the current financial crisis to a lack of regulatory engagement and a failure of the financial industry to ask for enough government help. But rather than viewing
Effective Strategies for Preventing Money Laundering in Your Organization
Money laundering is a process that criminals use to cover the source of their illegal money by making it appear as if it came from a legitimate source. They do
10 Things to Know About Bookkeeping Before Starting a Business
Are you ready to take your business accounting and bookkeeping skills to the next level? Are you ready to learn about bookkeeping and business accounting? Do you want to know
Hedge Accounting: How to Save Money on Your Estate by Creating a Hedge
You may be thinking, “I don’t want to create a hedge. How much money do I need?” And the answer is: it all depends on what type of estate you’re