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Advanced Accounting Training
An advanced accounting training program instructs a participant on how to comply with accounting principles, financial auditing standards and regulatory guidelines ...
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GAAP Accounting Rules
Generally accepted accounting principles, or GAAP, indicate to accountants essential criteria they must rely on to record, report and analyze financial data....
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How to Learn Advanced Accounting
Learning advanced accounting prepares students for a career in the accounting field. From public auditing to maintaining the books for corporations and...
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Advanced Production Planning
Production planning is a field that is frequently overlooked. Many people use simplistic production planning methods, such as weighted averages, and wonder...
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About GAAP Revenue Recognition
GAAP stands for Generally Accepted Accounting Principles and is used by every major corporation in the U.S. The United Kingdom and most...
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How to calculate breakeven point (economics and finance)
** What is breakeven? ** Simple, it's the point where your costs = your revenue (income). In other words, you're profit =...
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IFRS Vs. GAAP Revenue Recognition
The Financial Accounting Standards Board sets U.S. generally accepted accounting principles, or GAAP, while the International Accounting Standards Board sets the ...
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Accounting Fraud in Manufacturing
According to a report by accounting and consulting firm PriceWaterhouseCoopers, manufacturing industries may lose up to five percent of revenues to fraud....
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GAAP Accounting Vs. Tax Accounting
Companies must follow all accounting rules when recording their financial transactions from business operations. In addition to the normal accounting standards ...
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Income Recognition Methods
Most companies recognize revenue using the time of sale method. Under accrual accounting, businesses recognize revenue when the company earns it.
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How to Record Credit Sales
Sometimes a business gains a broader client base by offering sales on credit. Credit sales allow a business's clients to purchase products...
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What is the GAAP Matching Principle?
In order to comply with the generally accepted accounting principles (GAAP), companies must determine the exact time when revenue and expenses occur....
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How to Report Sales in IRA Accounts
Transactions that occur within an IRA account don't need to be reported to the Internal Revenue Service (IRS). Buy and sell all...
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How to Create General Journals in Accounting
General journal entries in accounting are records in chronological order of business transactions with the details of the accounts that are affected...
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Types of Transaction Cycles in Accounting
Every business activity can be traced to specific accounting cycles. These cycles are critical when analyzing businesses individually and as part of...
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International Standards of Revenue Recognition
"Revenue recognition" is the accounting principle of recording revenue when it is recognized, or earned. This is a cornerstone of accrual accounting,...
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How to Calculate Gross Revenue
Gross revenue is a concept in business that allows companies to determine how much revenue they have collected based on the amount...
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How to Convert Statutory Accounting Principles to GAAP
State insurance regulators require insurance companies to keep their accounting records for filing annual financial reports in accordance with statutory accounting ...
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What Are the Differences Between Statutory Accounting Principles and GAAP?
The Statutory Accounting Principles (SAP) forms the basis for preparing the financial statements of insurance companies. GAAP is the set of accounting...
