Learn what accounting is, why it matters and how to make it work for you. Keeping accurate financial records is the most important thing you can do to establish, grow and maintain a successful ...

That means that future obligations or anticipated revenues are not recorded in financial statements until the cash transaction has occurred. In contrast, accrual accounting recognizes expenses ...

Accounting consists of tracking financial transactions and analyzing what they mean for your business. How does accounting help small businesses? Accounting helps you gauge where your small ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting ... the supplier for its U.S. subsidiary, meaning the U.S. company would be charged ...

American accountants follow the generally accepted accounting principles, called GAAP, when recording transactions and preparing financial statements. One of those financial statements is the ...

ChartFields are individual valid values (e.g. Fund) used in unique combinations called Chart Strings (e.g. Fund + Department , Fund + Department + Project ID + Activity ID) to capture data for ...

Identifying what qualifies as revenue is critical not only from an accounting and financial reporting or audit standpoint ... against expense” and is a violation of GAAP. The Revenue Definition and ...