goodwill accounting Goodwill Accounting: Maximizing Value and Transparency 1. Understanding Goodwill Accounting Goodwill is an asset that arises when a company acquires another, but pays more than the fair value and more than the identifiable assets at fair value and liabilities at their fair value. Differences between the fair value of the consideration exchanged and the fair value of the net identifiable assets of the […]
sage accounting The Benefits of Using Sage Accounting Software 1. Introduction Sage is a technology company created with the aim of helping companies of all sizes in the administrative and management processes of their business. The company was established in South Africa and has been in existence for 30 years, operating in 23 different countries. To obtain this degree of success, Sage systems had to […]
big four accounting firms The Importance of the Big Four Accounting Firms 1. The Role of the Big Four Accounting Firms The accounting industry is too focused on historical costs and forward earnings, instead of underlying economics. Just Faster principal, and former KPMG auditor, Donald Pitts says, “The primary job of an auditor is to provide shareholders with accurate financial reports.” But even Zico Sheng […]
what is the accounting equation Understanding the Accounting Equation 1. Introduction to the Accounting Equation At its simplest form, the accounting equation shows how you acquired the assets you have on your financial statement. All assets can be traced back to either a liability or owner’s equity. The liability will either become due, or owner’s equity will need to be repaid to the owners of […]
general ledger accounting Importance of General Ledger Accounting 1. Introduction to General Ledger Accounting In all business and trade organizations, very well-planned economical systems are adopted, and all kinds of exploitation of newly developed electronic systems are utilized for risk controls, and for procurement of high speed by taking advantage of the facilities for the reaching to information. Especially in fulfilling the financial transactions within […]
best accounting software The Benefits of Using the Best Accounting Software 1. Introduction A basic assumption in the use of computers for accounting lies in the fact that, in addition to their use for efficient and effective data collection and storage, computers also have the capability for data manipulation and report writing across a wide scope. Upon this foundation, the execution of one or more […]
is accounting hard The Benefits of Studying Accounting 1. Introduction However, human beings should often be regarded as reeds that are blowing here and there in uncertain winds, which are guided by no laws save those of their own conveniences. That virtually calls into question the reserved position of humans or if indeed humans are in the first place any different from other lower creations. […]
small business accounting Small Business Accounting 1. Introduction to Small Business Accounting It is important to stress that when a business is small or starting up, it is easy to manage your accounts without the need for a professional accountant, but it is important to keep all your transactions properly recorded as your business grows. And if you become successful, a good accounting system can […]
best accounting software for small business The Importance of Choosing the Best Accounting Software for Small Business 1. Benefits of Using Accounting Software Online billing and invoicing is the new way of sending out bills and receiving payments online. It’s easy to use, quick, and less expensive. All you need to do is fill in the details and select your bank gateway to receive the […]
bench accounting The Importance of Bench Accounting for Your Business 1. Introduction An established bookkeeper is probably more than just physical. They are mobile and compatible with smart devices and need a significant degree of security to guard the system from malicious effects. Bench is only a solution generated for these enterprise applications. It’s a reliable online electronic guide for small corporations that takes the […]
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