The U.S. Generally Accepted Accounting Principles (GAAP) has talked about converging with the International Financial Reporting Standards (IFRS) for quite some time. However, the formal convergence project lost steam around
Every business needs timely and accurate financial information. This is an essential element of any successful organization. There are several accounting methods you can use to record and track your
What is the common connection between Tesla cars, smart TVs, and equipment used for making french fries? The answer according James Kroeker, is embedded software. Kroeker is the Vice Chair
Often when ann organization gets to a certain size, their practices can stay the same for a long period of time. The same can be said for many organization’s accounting
Leadership departure can often be a double-edged sword. It can create difficulties, but it also presents a good opportunity for assessing accounting performance and developing a vison for how your
Like other businesses, non-profits can benefit from formalized accounting processes and procedures. Contrary to popular belief, financial reporting is more than profits. There’s a lot that falls under the accounting
To best answer the question how accurate is your company’s perpetual inventory system, you might want to take a physical count. Learn more below about how a physical count is
Bookkeeping is essential to running a business. QuickBooks® is one of the most popular software programs for this purpose because it offers numerous features that other programs may not have.
Does your company use supplier finance programs to buy goods or services? If so, and if you must adhere to U.S. Generally Accepted Accounting Principles (GAAP), there will be changes
One of the best ways to tackle financial statement fraud is to conduct periodic surprise audits. In fact, surprise audits were associated with at least a 50% reduction in both
