The Sarbanes-Oxley Act was passed by Congress to curb widespread fraudulence in corporate financial reports, scandals that rocked the early 2000s. The Act now holds CEOs responsible for their company’s financial statements. Section 302 of the SOX Act of 2002 mandates that senior corporate officers …
Read MoreAccounting for Sales Discount: Overview, Example, & Journal Entries
Allowance for doubtful accounts is a contra asset account used to create an allowance for customers that are not expected to pay the money owed for purchased goods or services. The allowance for doubtful accounts appears on the balance sheet and reduces the amount of …
Read MoreCareers for MBA in Accounting Careers for Accountants with MBA
The aim is to develop a realistic understanding of the strengths and weaknesses of corporate financial reporting, particularly from the viewpoint of the consumer of such financial information. Emphasis is placed on the analysis and understanding of publicly available financial information, rather than on the …
Read MoreExamples of Cash Flow from Operating Activities
We accept payments via credit card, wire transfer, Western Union, and (when available) bank loan. Some candidates may qualify for scholarships or financial aid, which will be credited against the Program Fee once eligibility is determined. Our easy online application is free, and no special …
Read MoreWhat is a Discount on Bonds Payable and How to Record it? Read Basic Accounting in 2023 Financial Accounting
Since these bonds will be paying the investors less than the market rate of interest ($300,000 semiannually instead of $305,000), the investors will pay less than $10,000,000 for the bonds. Company XYZ, a tech firm, issues $1,000,000 in 5-year bonds with a face value (par …
Read MoreEnrolled Agent with Accounting Skills Hourly Pay in New York, New York in 2023
Additionally, because enrolled agents are federally designated, they can work in any state in the country. And, with the increased convenience and reliability of telecommuting technology, a small firm can serve clients nationwide. For example, a small enrolled agent-run firm in rural Nevada could expertly …
Read MoreWhat Does an Accountant Do? Duties, Rules, Skills, and History
To be effective in this role, an accountant must understand the basic functions of a management to provide accurate direction and guidance to coworkers and clients seeking financial advice. Additionally, a certified public accountant (CPA) is an accountant who has passed the CPA exam and …
Read MoreTaking Care of Your Taxes a few pointers that will help take the pain out of filing your taxes American Massage Therapy Association
You likely became a massage therapist because you enjoy engaging with clients and impacting people’s lives. Spreadsheets filled with numbers and dates don’t exactly fit that description. A medical office needs qualified administrative medical professionals in order to run smoothly and efficiently. In this program …
Read MoreAccounting Entries For Provident Fund
PF Holdings is a group of portfolio companies combined together with a solid range of service solutions, geared towards evolving its own – and its clients’ – businesses. No, you cannot check your double entry bookkeeping system EPF balance using your Aadhaar card. You must …
Read MoreWhat Is a Contra Account? The Motley Fool
The main contra equity account is treasury stock, which is the balance of all stock repurchased by the company. When a company repurchases shares, it increases the fractional ownership of all remaining shareholders. Startup Bookkeeping Services Tax Preparation, Bookkeeping, and CFO Servicess provide business owners …
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