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A View of the Details of Cost Accounting

MANAGERIAL ACCOUNTING Management accounting is an accounting that focuses on the cost associated with operating a firm. Sometimes management accounting is described as cost accounting which deals with the cost and expenses of the company particularly in production. The value of the management accounting for...

Accounting 1 Page

The Generally Accepted Accounting Principles (GAAP)

The Generally Accepted Accounting Principles, or GAAP, are the accounting principles, standards, and procedures employed by companies in recording their financial statements (“Comprehensive guide…”, 2018). This principle is used to make sure that investors keep a consistent level of financial statements when trying to figure...

Accounting Finance 1 Page

Benefits to Accountants and Auditors

Benefits to Accountants and Auditors: Bookkeepers and reviewers with the progression of time and a changing atmosphere of assessment, need to work in a domain where they confront the risk of stern approvals and awful name to their callings. These outcome mostly from changed punishments...

Accounting Audit 1 Page

The Business Concepts of Accounting

Accounting relies on many assumptions. Among these concepts business entity is a considerable concept. The business entity concept which is also known as separate entity and economic entity concept states that the business and its owners are two different identifiable parties. In other words, the...

Accounting Business Analysis 1 Page

Accounting & Finance:New Jersey business owners

Smolin helps New Jersey business owners maintain clear, accurate and transparent business records. Our team of CPAs and bookkeepers can help you keep detailed books and records so you can meet your obligations and make informed financial decisions. We train our accounting team members on...

Accounting Finance 2 Pages

Accounting practices

Accounting practices have been used for decades now since the first farmer has kept track of the number of sheeps or cows he has owned and the first merchants tracked inventory and kept records of their profits and losses. From these humble and smart beginnings,...

Accounting Cost Accounting Management accounting 1 Page

A Study on the Impact of Cost Accounting in an Organization

Managerial Accounting Introduction Managerial accounting is a practice that enables the company to identify, analyze, interpret and communicate relevant information relative to the operational costs of the business, with the aim of assisting the organization accomplishes its goals and thus, an essential element of the...

Accounting 3 Pages

Evaluation of the Impact of Enforcing Integrity In The Process Of Keeping Financial Transactions of a Business

Accountant nee to adhere to the code of professional conduct is paramount to safeguarding ethics in accounting practice. Brown (2007) notes that having the professional code of conducts does not amount to ethical decisions. As such, he notes that as accounting professionals, we have a...

Accounting 1 Page

Who Is An Account Manager?

“An account management team grows business, not customer service.” (Salz, 2018)There is often a misconception that an account managers key role is associated with client servicing or customer servicing. It is perhaps due to this very misconception that most companies today fail to recognize the...

Accounting Manager 1 Page

What is Balance Sheet?

Balance sheet is a financial statement that summarizes a company’s assets, liabilities and shareholders’ equity at a specific point in time. These three balance sheet segments give investors an idea as to what the company owns and owes, as well as the amount invested by...

Accounting Balance Sheet Management accounting 2 Pages

The role of Forensic Accounting in preventing and overcoming financial crimes

Today fraud is more sophisticated and devastating than it was ever before. In recent years, the complicated nature of current racketeering and anti-graft laws as well as regimes especially addressing accounting transparency, has driven the growth of forensic accounting worldwide. Though a niche field, the...

Accounting Crime Prevention Finance 2 Pages

How to make a YouTube channel that earns money

Set up and construct your YouTube channel. Your channel is your own quality on YouTube. Each YouTube account has one channel joined to it. A YouTube account is the same as a Google account, and making a YouTube record will allow you access to other...

Accounting Money Youtube 2 Pages

A Look at the Ideology of Cost Accounting

Essentially, managerial accounting is done to inform an internal audience while the financial accountant’s records are focused on the needs of an external audience with respect to the organization. Managerial accounting emerges as an operational tool compared to financial accounting that serves the primary purpose...

Accounting 3 Pages