Accounting for non accountants (08/13/2010)
(...) They are taught in every basic accounting course. There are three major assumptions under the US GAAP that are used to create the financial statements. First, business is a separate entity, not connected to other's or the owner's finances. (...)

Are You Ready for a Certified Public Accountant (08/10/2010)
(...) And at what level of deduction each expense belongs. Financials Your CPA firm can review your financials on a regular basis - another major advantage at the end of the tax year. Consistent and regular financial analysis is key to a healthy business portfolio. (...)

Why Law Firm Billing and Trust Account System Must Work in Tandem (01/12/2010)
(...) Law Firm Billing and Trust Accounting are Interrelated A standard practice for most law firms is collecting advanced client payments (retainers) for services. In general, states have strict accounting rules that require attorneys to deposit unbilled/unearned client funds in trust accounts. If an attorney expects to use advanced funds quickly and the specification is in the client engagement letter, state rules may permit deposit of retainers in a regular operating accounts. (...)

Tax Lot Accounting Basics (12/12/2009)
(...) ATTLAS provides reconciliation reporting which ensures that tax lot accounting information matches with the core records along with identification and basis adjustments on wash sales. Michael Dougherty is a financial writer who lives in Boston. He has written for newspapers and magazines along with some of the leading online Web sites. (...)

Basic Accounting Principles (10/24/2009)
(...) But large corporations cannot do this because of large amount of cash transactions and the other factor is the fear of loosing their reputation with stakeholders if tracked by the government agencies. Whatever accounting principle is followed it is mandatory nowadays to have an accounting information system in place. Small business people will find difficulty in investing for this kind of a setup. (...)

What are the methods for distributing client money in the event of insolvency (10/08/2009)
(...) Secondary pooling A secondary pooling event occurs on the failure of a third party to which client money held by the intermediary has been transferred. In such circumstances, the intermediary will only be legally responsible for any shortfall if it has failed in its fiduciary duty (whether as agent or trustee) to the client. (On transfer of the money, it retains the role of fiduciary. (...)

Financial Accounting for Constraction Contracts (03/13/2009)
(...) Therefore, profits on incomplete contracts should be considered, of course, after providing adequate sums for meeting unknown contingencies. There are no hard and fast rules for the calculation of the figures for profit to be taken to the credit of profit and loss account. However, the following rules may be followed: (a) Profit should be considered in respect of work certified only, work uncertified should always be valued at cost. (...)

financial and Cost Statements (02/10/2009)
(...) A merchandising company, such as a retail furniture store which buys finished furniture and sells it in the same form i.e., sells the goods it buys without changing the basic form. (...)

Financial Statement Analysis (02/10/2009)
(...) Financial statement analysis involves careful selection of data from financial statements for the primary purpose of forecasting the financial health of the company. This is accomplished by examining trends in key financial data, comparing financial data across companies, and analyzing key financial ratios. Managers are also widely concerned with the financial ratios. (...)

Importance of bookkeeping and accounting services (02/04/2009)
(...) They have the ability to deliver cost-effective services faster and better. If you are choosing online services provider then you can get, Precise data • High quality work • Well planned records • Cost efficiency • Complete accuracy • You can save your valuable time and money • Highly qualified accountants • You can maintain proper order and file system for all records • You can focus to grow your business So, if you want to save time for main processes of your business then outsource your accounting and bookkeeping services is the best option. After outsourcing these services, you can also focus on other important processes of your business without any tension. (...)

Outsourcing your medical billing (02/20/2008)
(...) Ranking of a medical billing company is often defined by the level of follow-up applied to the claims and can have a critical effect on reimbursements. By application of proper follow-up procedures, the billing company can isolate claims that go unpaid, or partially paid, and work with the medical care provider and the insurance carrier to make sure that edited claims and resubmission are correct. Secondary, Tertiary and Workers’ Comp Claims These claims usually require special consideration and handling, as they often need additional documentation and process knowledge. (...)

Accounting Outsourcing Services Can Boost Your ROI (02/06/2008)
(...) They will also be able to attain the desired quality in the work and turn around time. Many companies have generated huge savings from this feature. And more and more companies are heading towards this service for their company’s growth. (...)

EFFECTS AND ACTION IN ACCOUNTING (01/30/2008)
(...) Steve Albrecht and Robert J. Sack, the report makes a critical examination and analysis of accounting education in the United States. It is not surprising that these prestigious bodies were able to agree on the findings of the research. (...)

Accounting Coursework (01/15/2008)
(...) Great personalities with very recognizable achievements in the subject field can be a good topic for researching. Therefore, you will not be required to write too technical papers but can still maintain the interesting factor of your articles. Second, a definite type of a project in accountancy is the creation of summary project in a technical way. (...)

EMPLOYING ACCOUNTING METHODOLOGIES TO SERVE NEEDS (11/04/2007)
(...) Nevertheless, establishing the accounting standards that fit the business and applying them consistently will underscore the financial reporting effort. Finance strategists must discern such matters as what accounting treatments to use and when. They also will have to identify the manner in which certain rules will be applied. (...)

CREATING MODELS FOR INTERNAL ANALYSIS AND MEASUREMENT (11/04/2007)
(...) These two areas of concern will drive development of analysis tools/metrics. The small and emerging business owner must understand the areas of business that must succeed in order for the entire organization to flourish. The early stages of business development will be dependent on profitability and cash flow. (...)

ISSUES IN CREATING FINANCIAL STATEMENTS (11/04/2007)
(...) The motivation for this type of financial reporting is based on negative reinforcement, most notably fines and penalties. The second category of financial reporting is like-to reporting. This reporting can be used for external or internal data customers. (...)

WHAT IS THE PERCEPTION OF FINANCE AND ACCOUNTING (10/30/2007)
(...) This notwithstanding, the finance function is no less important as a primary driver for the organization. 2. Between consultants, applications, and hardware, the accounting func tion is a money pit. (...)

THE FINANCE FUNCTION (10/30/2007)
(...) The close may be relatively simple for small, single-site organizations or complex for large, multinational organizations. The close may cover activity over a period of a month, quarter, or year. The value of a quick close is the ability to assess the organization and provide a basis to make business-wide, strategic decisions. (...)

FINANCE FUNCTION DEFINED (10/29/2007)
(...) Concrete components include all aspects of infrastructure including technology, software applications, and processes, as well as the people who manage them. Soft components include the standards, strategies, models, and vision that drive the finance/accounting aspect of the business. Each component stands on its own to an extent; however, ultimately all components must be woven together in a way that serves the overall organization objectives. (...)

TRADITIONAL PERCEPTION OF THE FINANCE FUNCTION (10/25/2007)
(...) ■ Accounting is for taxes last. Accounting and Finance People Should Be Effective, Detail-Oriented Number Crunchers Accounting and finance people must step up to their role as communicators who are accessible for all aspects of decision making in the organization. Whether decisions are related to acquisitions, product expansion, or market penetration, the finance organization has an obligation to interpret historical data as well as forecast and budget data and to articulate the practical aspect of any proposed business initiative. (...)