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Accounting News

Government Accounting At EPB - And Response
This kind of accounting is very similar to how the federal government accounts for “off-budget” items like Social Security liabilities. The fact is that EPB's net assets have fallen in the last year by $17.733 million. Ratepayers in Chattanooga and any ...

SEC Seen Mulling Weaker Role for FASB
In remarks made by Kroeker on Monday during a meeting by the IFRS Advisory Council, which provides input to the International Accounting Standards Board, Kroeker's used the word “endorsement” rather than “condorsement,” a term coined last May in an SEC ...

CPA Firm Petrinovich Pugh & Company LLP Selects TC Practice Management
One of the nation's best accounting firms to work for, PP&Co., selects TC Practice Management by Templeton Solutions to enhance business workflow and increase efficiency. WEST PALM BEACH, Fla., Feb. 21, 2012 /PRNewswire via COMTEX/ -- Templeton ...

Government Accounting At EPB
This kind of accounting is very similar to how the federal government accounts for “off-budget” items like Social Security liabilities. The fact is that EPB's net assets have fallen in the last year by $17.733 million. Ratepayers in Chattanooga and any ...

WP Carey to Become REIT
By Miriam Lamey Join the thousands of real estate professionals that subscribe to the New York AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to ...

Intacct's Channel Chief and Partner Program Recognized by CRN
21, 2012 /PRNewswire/ -- Intacct, a leading provider of cloud financial management and accounting software, today announced that Taylor Macdonald, the company's vice president of Channels, has been named to CRN's list of the top channel chiefs for 2012 ...

Vaco Adds Ronda Ponciano, CPA, and Roopa Kapadia as Recruiting Managers
21, 2012 /PRNewswire via COMTEX/ -- Frances Moreno, managing partner for Vaco Los Angeles, a leading consulting and executive search firm specializing in accounting, finance and technology consultants and direct hire professionals, today announced ...

Carey Goes REIT
In a complex move that will position it ahead of numerous rivals, WP Carey LLC (NYSE:WPC) is announcing that it will transition from its current corporate framework to a REIT platform. In addition, the new REIT will acquire Corporate Property ...

Rick Richardson Inducted into Accounting Hall of Fame
CITP, was named the most recent addition to the Accounting Hall of fame at dinner and reception at the second annual Thought Leader Symposium. The second annual CPA Practice Advisor Thought Leader Symposium kicked off with a dinner and reception for ...

New Research from The Accountant Shows Emerging Economies Are Forcing Change ...
New Research from The Accountant Shows Emerging Economies Are Forcing Change ...

NV Energy posts loss on outages, accounting
By Mia Lamar NV Energy Inc. (NYSE:NVE) swung to a surprise loss in the fourth quarter as results were hurt by outages, accounting adjustments and a plant completion. The Nevada utility operator's chief executive on Tuesday said controlling costs will ...

US Accounting Standards Subject To Review
by Mike Godfrey, Tax-News.com, Washington Accounting standards governing financial reporting for business combinations, operating segments, and government deposit and investment disclosures will be the next subjects of post-implementation reviews ...

Accounting & Tax Guide

accountingUnderstanding Balance sheet

A balance sheet is a quick picture of the financial condition of a business at a specific period in time. The activities of a business fall into two separate groups that are reported by an accountant. They are profit-making activities, which includes sales and expenses. This can also be referred to as operating activities. There are also financing and investing activities that include securing money from debt and equity sources of capital, returning capital to these sources, making distributions from profit to the owners, making investments in assets and eventually disposing of the assets. (Read More)

accountingBusiness Accounting and The Importance of Keeping Good Books

There has probably been no great accountant turned entrepreneur then Capitalist then Rockefeller who used his accounting skills to take over the entire Oil Industry back in the day. He kept immaculate books and started out as a promising young accountant. When he noticed competitors he would often ask them to join him and show him his books and costs. Why they were simply blown away and they knew they could not compete with his low costs and so they either merged or sold out to the young Rockefeller. (Read More)

accountingBookkeeping Tips

Bookkeeping is the process of maintaining books of accounts involving daily transactions. Bookkeeping indicates the exact position of business finances. Bookkeeping can be done manually or through a computerized system. Manual bookkeeping is doable for beginners and small business firms, but as the business develops, a computerized system of maintaining accounts will be beneficial. (Read More)

accountingSample Company File in QuickBooks - Valuable Tool for Self-Study

Have you ever wondered what would happen in your QuickBooks file if you performed certain operations, but were too afraid to try? Did you know that you can experiment with your ideas, and not make a mess in your QuickBooks file? (Read More)

accountingFour Symptoms Your Small Business Accounting System Doesn't Work

Every year about this time, I see too many accounting systems that don’t work… QuickBooks and PeachTree and Microsoft Small Business Accounting programs that don’t do what their small business users want or need. Sometimes, people know their accounting systems don’t work. And they don’t care. But, sadly, sometimes, the struggling small business person doesn’t even know his or her system isn’t working until it’s too late. Until the business fails because the owners don’t realize they aren’t making money. (Read More)


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