In this app you will find all the books you want on Financial accounting, Cost Accounting, Generally Accepted Accounting Principles, Managerial Accounting, International Accounting, Information systems, and many more topics.
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting, and cost accounting. Today, accounting is facilitated by accounting organizations such as standard-setters, accounting firms, and professional bodies. Financial statements are usually audited by accounting firms and are prepared in accordance with generally accepted accounting principles (GAAP). GAAP is set by various standard-setting organizations such as the Financial Accounting Standards Board (FASB) in the United States.
“Under the accounting standards, Halliburton’s revenue recognition was not appropriate,” said Doug Carmichael, the former chief accountant for the Public Company Accounting Oversight Board, the regulator for auditing firms, who served as an expert witness for Menendez.
That’s the answer mandated under accrual accounting, a method of financial reporting required of all public companies by the Financial Accounting Standards Board. Fearing precisely this sort of fiscal calamity, the Financial Accounting Standards Board outlawed cash-basis accounting decades ago in much of the private sector.
By using an accounting method known as cash-basis accounting, legislators project future spending without having to consider billions of dollars of long-term financial commitments, leaving many budgets balanced in name only. Here's an example from the Navy's bookkeeping at the Defense Finance and Accounting Service: Every month, they encountered the same problem.
This small accounting error, which executives disclosed on Monday, went unnoticed by BofA's accountants and the bank's outside accounting firm, PricewaterhouseCoopers, for years. Naturally, the Federal Reserve is upset. The platform relies on the Blockchain, a public ledger that’s largely used for recording bitcoin transactions, to increase transparency and accountability without exposing users’ identities.
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting, and cost accounting. Today, accounting is facilitated by accounting organizations such as standard-setters, accounting firms, and professional bodies. Financial statements are usually audited by accounting firms and are prepared in accordance with generally accepted accounting principles (GAAP). GAAP is set by various standard-setting organizations such as the Financial Accounting Standards Board (FASB) in the United States.
“Under the accounting standards, Halliburton’s revenue recognition was not appropriate,” said Doug Carmichael, the former chief accountant for the Public Company Accounting Oversight Board, the regulator for auditing firms, who served as an expert witness for Menendez.
That’s the answer mandated under accrual accounting, a method of financial reporting required of all public companies by the Financial Accounting Standards Board. Fearing precisely this sort of fiscal calamity, the Financial Accounting Standards Board outlawed cash-basis accounting decades ago in much of the private sector.
By using an accounting method known as cash-basis accounting, legislators project future spending without having to consider billions of dollars of long-term financial commitments, leaving many budgets balanced in name only. Here's an example from the Navy's bookkeeping at the Defense Finance and Accounting Service: Every month, they encountered the same problem.
This small accounting error, which executives disclosed on Monday, went unnoticed by BofA's accountants and the bank's outside accounting firm, PricewaterhouseCoopers, for years. Naturally, the Federal Reserve is upset. The platform relies on the Blockchain, a public ledger that’s largely used for recording bitcoin transactions, to increase transparency and accountability without exposing users’ identities.
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