Bookkeeping

For example, the $120,000 cost of equipment with a 10-year life will be charged to expense at a rate of $1,000 per month. It also means that financial statements can be prepared for a group of separate legal corporations that are controlled by one corporation. The set of financial statements that reports the combined activity […]

An invoice issued by the supplier requesting to make payment against goods or service delivery. It should match the details outlined in both the PO and the delivery receipt to warrant payment. If your business purchases inventory or goods, as opposed https://na2rism.com/page/4/ to primarily services, and you use item receipts to track delivery, then three-way

Undergraduate and graduate programs in accounting provide the basic foundation for meeting the education requirements for licensure. These programs introduce you to financial accounting, auditing, and taxation topics at both the individual and corporate levels. They also give you an accountancy opportunity to gain experience using industry-standard computer applications and software. CPAs are highly sought

Accountants are responsible for recording, classifying, and summarizing financial transactions to produce financial statements. They ensure that financial transactions are accurate, complete, and in compliance with accounting standards. Auditors, on the other hand, are responsible for verifying the accuracy and completeness of financial statements. They provide an independent opinion on whether financial statements are free