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Essays on Accounting

Basic accounting principles

The set of rules that governs the field of accounting are known as accounting principles. Accounting principles are conventions that provide a framework for accounting, book keeping, and financial reporting. These principles are essential for businesses preparing their financial statements. For reporting purposes, both internal…

AccountingBusiness1 Page

The types of account hosting

SHARED HOSTING In shared hosting, the hosting account is one of many accounts on a server. Shared hosting is something that website files are housed on a server along with the files of other websites by sharing the server’s bandwidth and resources among all the…

AccountingWebsite1 Page

The 7 types of accounting

There are 7 types of accounting which is government accounting, forensic accounting, cost accounting, auditing, tax accountant, financial accounting and management accounting. Government accounting or also known as public sector accounting, refers to the type of accounting information system used in the public sector. Government…

AccountingCost AccountingGovernment1 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…

AccountingFinance2 Pages

Financial Ratio Analysis

Ratio analysis is a technique uses to determine performance and financial position of a firm. With ratio analysis, it is important to ensure the reliability of data and also the method of accounting use of the data provided. Reliability of data Ratio analysis used to…

AccountingFinance1 Page

Provisions impacting the Financial Reporting

On the backdrop of high profile accounting frauds and misstatements, Sarbanes – Oxley Act (SOX) was introduced in 2002 with an intended goal to make corporate accounting more transparent. Security Exchange Commission (SEC) was handed the enforcement responsibility and a new oversight body was formed…

AccountingBalance SheetFinance1 Page

Career Development for the Accounting Clerk 

Career development plans are very important when it comes to a successful career. If you are an accounting clerk, your career development goals can be quite specific because in this type of job, you need to have a mind for details and numbers and it…

AccountingCareer1 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…

AccountingFinance1 Page

Standard unqualified and qualified opinion in audit

An audit opinion is a verification that accompanies financial statements based on an audit of the accountant’s opinion of the procedures and records used to provide the statements whatever of whether the financial statements have exist material misstatements. There are four types of audit opinion…

AccountingAudit1 Page
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