20 Oct

There are many reasons why accounting is being outsourced more commonly by different types of businesses and organizations. Some may think that using

19 Oct

In any type of businesses, an accountant is needed. You have to consider that accounting is basically the language in business and having…

13 Oct

It might seem obvious, but in managing a business, it’s important to understand how the business makes a profit. A company needs a good…

12 Oct

While many businesses assume that accountants are bound by generally accepted accounting practices and that these are inviolate, nothing could be further from the…

11 Oct

A public corporation is a business whose securities are traded on the public stock exchanges, such as the New York Stock Exchange and Nasdaq.…

05 Oct

Publicly owned companies must report earnings per share (EPS) below the net income line in their income statements. This is mandated by generally accepted…

04 Oct

It’s obvious financial statement have a lot of numbers in them and at first glance it can seem unwieldy to read and understand. One…

29 Sep

While some lines of an income statement depend on estimates or forecasts, the interest expense line is a basic equation. When accounting for…

28 Sep

Of course profit and cost of goods sold expense are the two most critical components of an income statement, or at least they’re what…

27 Sep

The first and most important part of an income statement is the line reporting sales revenue. Businesses need to be consistent from year to…