Understanding What You Can't Tell From a Trial Balance
The usefulness of preparing a trial balance as a tool for checking the accuracy of general ledger accounts does not entail reliability for checking …
Continue ReadingThe usefulness of preparing a trial balance as a tool for checking the accuracy of general ledger accounts does not entail reliability for checking …
Continue ReadingWhat is accounts receivable financing and if your business is strapped for cash, should you consider AR financing? There are pros and cons to AR …
Continue ReadingEver heard about the business owner who has “everything in his head,” including what he owes to vendors? Well, this can be an accounts payable …
Continue ReadingNewspaper help wanted ads are full of jobs for accounts payable positions. Your A/P are indeed that important; so much so that your accounting …
Continue ReadingSometimes it really feels like we are losing grasp of our business finances. The truth is, most of us really prefer to pour our passion into whatever …
Continue ReadingMost business owners have heard of those companies that will turn your accounts receivables into fast cash, but are they your best choice? What are …
Continue ReadingWhen Jewel Corporation undergoes an external audit, a work plan for idle funds is made. “Bond investment for our idle funds?” asks Mr. …
Continue ReadingNew business owners looking for investors and those who have been in business for years often use EBITDA to gain investors. What is EBITDA, and is it …
Continue ReadingOne of several methods to recognize revenue uses the prepaid liability account. This article contains examples of a journal entry for a prepaid …
Continue ReadingIn learning how to evaluate standard costs, budget planners should be aware of the contributing factors affecting their industry.The development of …
Continue ReadingThe two common types of budgets are static budget and flexible budget. Both have their uses and contribute significantly to facilitate control and …
Continue ReadingBoth compliance audit and compliance evaluation are concerned with ensuring that a firm’s systems and processes adhere to the laid-down …
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