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47 What is accounting fraud

by admin on Sep 13, 2011 Accounting No Comments • , ,
What is accounting fraud? Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company’s profit performance appear better than it actually is. Some things that companies do that  →
0 Views : 5

48 What does an audit do

by admin on Sep 13, 2011 Accounting No Comments • ,
What does an audit do? If a business breaks the rules of accounting and ethics, it can be liable for legal sanctions against it. It can deliberately deceive its investors and lenders with false or misleading numbers in its financial  →
0 Views : 7

49 What does an audit report contain

by admin on Sep 13, 2011 Accounting No Comments • , , ,
What does an audit report contain? Most audit reports on financial statements give the business a clean bill of health, or a clean opinion. At the other end of the spectrum, the auditor may state that the financial statements are  →
0 Views : 8

5 Careers

by admin on Sep 13, 2011 Accounting No Comments • ,
Careers There are many different careers in the field of accounting ranging from entry-level bookkeeping to the Chief Financial Officer of a company. To achieve positions with more responsibility and higher salaries, it’s necessary to have a degree in accounting  →
0 Views : 6

50 How is accounting used in business

by admin on Sep 13, 2011 Accounting No Comments • , ,
How is accounting used in business? It might seem obvious, but in managing a business, it’s important to understand how the business makes a profit. A company needs a good business model and a good profit model. A business sells  →
0 Views : 10

6 Profit and Loss

by admin on Sep 13, 2011 Accounting No Comments • , ,
Profit and Loss It might seem like a no-brainer to define just exactly what profit and loss are. But of course these have definitions like everything else. Profit can be called different things, for a start. It’s sometimes called net  →
0 Views : 8

7 Bookkeeping Basics

by admin on Sep 13, 2011 Accounting No Comments • , ,
Bookkeeping Basics Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting, while accounting encompasses many functions involved in managing the financial affairs of a business. Accountants prepare reports based,  →
0 Views : 12

8 Personal accounting

by admin on Sep 13, 2011 Accounting No Comments • , ,
Personal Accounting If you have a checking account, of course you balance it periodically to account for any differences between what’s in your statement and what you wrote down for checks and deposits. Many people do it once a month  →
0 Views : 8

9 Making a Profit

by admin on Sep 14, 2011 Accounting No Comments • ,
Making a Profit Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports the profit-making activities of the business and the bottom-line profit or loss for a specified period. The balance sheets  →
0 Views : 7

What Is Accounting Anyway

by admin on Sep 10, 2011 Accounting No Comments • , ,
What Is Accounting Anyway? Anyone who’s worked in an office at some point or another has had to go to accounting. They’re the people who pay and send out the bills that keep the business running. They do a lot  →
0 Views : 29

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