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Managerial Accounting-The Sarbanes-Oxley Act

Friday, June 14 2013 by Keeley Byrnes
Even if managers aren’t actively filling out financial information, it’s important that they have a firm grasp on rules and standards for filling out financial information. Also, understanding financial information itself  is critical for managers to make informed decisions. In this post, we will discuss the Sarbanes-Oxley Act and its implications on businesses and managers.
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  • Published in Latest, Small Business Accounting
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Managerial Accounting- Tips for Ethics in Financial Reporting

Thursday, June 13 2013 by Keeley Byrnes
In recent years, many financial scandals have come to light in the media. Companies such as Enron, WorldCom, and AIG have experienced significant scandals due to unethical and sometimes illegal accounting practices. It is important for companies to prepare financial statements correctly and legally to avoid punishment, but also to have an honest relationship with
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  • Published in Business, Latest, Small Business Accounting
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Small Business Accounting- Cash Versus Accrual Basis Accounting

Wednesday, June 12 2013 by Keeley Byrnes
There are two types of accounting: accrual and cash. It’s important for a small business to understand the two systems in order to select the correct accounting methods. In this post, we will discuss the differences between cash basis and accrual basis accounting.           Accrual basis accounting means that companies record
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  • Published in Latest, Small Business Accounting
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5 Reasons Why Being a CPA is Tough

Wednesday, May 15 2013 by TeachUcomp
“In this world nothing can be said to be certain, except death and taxes.”  – Benjamin Franklin Taxes. That horrible chore that makes it on our to-do list every year. Even for those who are expected to receive a large return, the task can seem daunting. Forms, filing, 1040’s. Most of us just take the
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  • Published in Business, Latest
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