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Accounting
How to Identify and Analyze Transactions in Accounting
This article defines a transaction and explains how transactions are identified and analyzed in accounting. It includes a transaction analysis chart that helps the reader to determine whether a statement or event qualifies as a transaction to be recorded.
The Accounting Cycle and the Accounting Process Explained
The accounting cycle and the accounting process are the guiding principles for accurate accounting. The accounting process normally involves nine steps that use different techniques, systems, and documents.
Your Kid's Life as an Accountant, and Why Moms Should Ask Their Kids to Stay Away From Accountancy
That's why I wrote this friendly advice to all the Filipino moms out there who are still planning to enroll their kids in an Accountancy program and experience the life of an accountant. If you're a current mom or a mom-to-be, tell your kid to stay away from an accounting course.
Approaches to Valuation of Small Businesses
Valuation of a small or medium-sized service business can be difficult for non-finance professionals. In this article, we cover some very basic valuation methods for business owners to use in valuing their current business or when considering an acquisition.
What I Learned in Financial Accounting
Feedback on courses required for a finance degree from the perspective of a finance student. Today we are looking at Financial Accounting.
International Accounting Fraud
Interested in learning more about accounting Fraud in Italy and Germany? This article can help!
IFRS and GAAP Convergence: Why the US Resists International Reporting Standards
IFRS and GAAP convergence has been a big issue in the accounting world. Here are a few reasons why it won't be realized any time soon.
How to Build Stronger Rapport and Relationships Quickly in an Audit Engagement
Audits aren't just about ticking boxes—a lot of different skills are needed to conduct them properly. One of the biggest skill sets you need are soft skills which can help make your audit results stronger
What Does an Internal Auditor Do?
Over the years, I became very used to family and friends telling me they had no idea what I do for a living. When I applied for audit roles at accounting firms, they also didn't know where I fit!
The Decline and Fall of Arthur Andersen
At one time, "Big Eight" accounting firm Arthur Andersen was larger than the other seven combined. Then came the Enron and WorldCom debacles, bringing about the downfall of the International Giant.
Advantages of Using Peachtree Accounting Software
Peachtree by Sage is a great choice for your small business bookkeeping needs. It is easy to set up, easy to use, affordable, and provides plenty of reports.
Accounting and Its Role in Society
This article explores how accounting is concerned with collecting, analysing and communicating economic information.
Managerial Accounting - Absorption, Variable & Throughput Costing
Profit is the yard-stick for evaluating performance of any business concern. Since ultimate profit depends upon plan and control, cost accounting plays a vital role. Previously, cost accounting was mostly engaged in ascertaining costs of products or...