Accounting is usually seen as having two distinct strands, Management and Financial accounting. Management accounting, which seeks to meet the needs of managers and Financial accounting, which seeks to meet the accounting…
Tag: Accounting
International Financial Accounting Standards Versus Generally Accepted Accounting Principals
Though we have known for centuries of the globes spherical dimensions, the last few decades have proven that the earth might be “flat” after all. People communicate all over the world like…
Why Accounting Outsourcing Is So Popular
Finance and accounting outsourcing is a practice that continues to boom as markets mature and companies explore fresh concepts to ensure cost effective operations. Outsourcing is expanding as a concept with hundreds…
Taking Control of Your Accounting System With Information Technology
Underestimated expenses, overspending, financial mismanagement, and fraud can lead to disaster. A major reason organizations go out of business is their inability to forecast and/or secure sufficient cash flow. Planning is necessary,…
Accounting Bookkeeping Services – Essential to Sound Financial Management
Do you practice sound financial management? This starts with a proper understanding of bookkeeping practices. If you employ an inexperienced bookkeeper, they are likely to omit some business transactions or record them…
How Accounting Services Can Help a Small Business
Accounting services aren’t just for multi-million dollar corporations. From startups to established family businesses, using an accountant to keep track of income, expenses and taxes can help any company reach its potential….
Accounting Implication of a Global Financial Crisis
The term ‘Global Financial Crisis’ means economic scarcity where there exists a continuous drawback against strategic stable economic growth in the world. The underlying backgrounds with regard to the crisis had been…
Generally Accepted Accounting Principles Vs. International Financial Reporting Standards
What is globalization? Globalization is the act of expanding to other or even all areas around the world from the country of origin. Much like its very broad definition, Globalization can be…
Accounting Management Books – How and Where To Buy
Accounting and Management practices form the backbone of any business organization. This field involves practical application of management techniques with the aim to control and report on the financial health of a…
FASB Proposed Lease Accounting Changes – Impacts on Commercial Real Estate
Introduction: The Financial Accounting Standards Board (FASB) on August, 17, 2010 released their “exposure draft” requiring companies to record nearly all leases on their balance sheets as a “right to use” asset,…