Managerial Accounting- Tips for Ethics in Financial Reporting
Thursday, June 13 2013
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
- Published in Business, Latest, Small Business Accounting
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Small Business Accounting- Cash Versus Accrual Basis Accounting
Wednesday, June 12 2013
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
- Published in Latest, Small Business Accounting