DUMI 1

Everyone knows at least a little about the Enron story and the devastation it created in the live… Baca selengkapnya What happened at Enron?

It might seem obvious, but in managing a business, it's important to understand how the busin… Baca selengkapnya How is accounting used in business?

contain? Most audit reports on financial statements give the business a clean bill of health, or a… Baca selengkapnya What does an audit report contain?

If a business breaks the rules of accounting and ethics, it can be liable for legal sanctions again… Baca selengkapnya What does an audit do?

fraud? Accounting fraud is a deliberate and improper manipulation of the recording of sales revenu… Baca selengkapnya What is accounting fraud?

Indpendent CPA auditors are like referees in the financial reporting arena. The CPA comes in, doe… Baca selengkapnya What are independent auditors?

ratio? Investors calculate the acid test ratio, also known as the quick ratio or the pounce ratio.… Baca selengkapnya What is acid test ratio and ROA ratio?

reporting The dividend yield ratio tells investors how much cash income they're receiving on t… Baca selengkapnya What are other ratios used in financial reporting

A public corporation is a business whose securities are traded on the public stock exchanges, suc… Baca selengkapnya What's the difference between private and public company reporting

A public corporation is a business whose securities are traded on the public stock exchanges, suc… Baca selengkapnya 43 What's the difference between private and public company reporting

The price/earning (P/E) ratio is another measurement that's of particular interest to investo… Baca selengkapnya 42 What is price/earnings ratio

Publicly owned companies must report earnings per share (EPS) below the net income line in their … Baca selengkapnya What is earnings per share

It's obvious financial statement have a lot of numbers in them and at first glance it can see… Baca selengkapnya How to analyze a financial statement

3 While some lines of an income statement depend on estimates or forecasts, the interest expense l… Baca selengkapnya Parts of an Income Statement, Part 3

Of course profit and cost of goods sold expense are the two most critical components of an income… Baca selengkapnya Parts of an Income Statement, Part 2

The first and most important part of an income statement is the line reporting sales revenue.  Bu… Baca selengkapnya Parts of an Income Statement, part 1

Measuring profits or net income is the most important thing accountants do. The second most impor… Baca selengkapnya Measuring Costs

Direct costs are those costs that cann be directly attributed to a product or product line, or to o… Baca selengkapnya Types of Costs

GAAP While many businesses assume that accountants are bound by generally accepted accounting prac… Baca selengkapnya About GAAP

Ugh, budgeting is one of those topics we'd rather avoid, but in business, it's an absolut… Baca selengkapnya Budgeting

A sole proprietorship is the business or an individual who has decided not to carry his business … Baca selengkapnya What is a sole proprietorship?

Some business owners choose to create partnerships or limited liability companies instead of a co… Baca selengkapnya What are partnerships and limited liability companies?

Most businesses start out as a small company, owned by one person or by a partnership. The most c… Baca selengkapnya What is a corporation?

dressing? Financial managers can do certain things to increase or decrease net income that's r… Baca selengkapnya What is financial window dressing?

Financial statements are the backbone of a complete financial report. In fact, a financial report… Baca selengkapnya Disclosure

When a corporation deliberately conceals or skews information to appear healthy and successful to… Baca selengkapnya What happened in corporate accounting scandals?

The Sarbanes-Oxley Act of 2002 is a United States federal law passed in response to the recent ma… Baca selengkapnya What is the Sarbanes-Oxley Act?

Forensic accounting financial investigative specialists work with financial information for the p… Baca selengkapnya Who uses forensic accountants?

accounting? Forensic accounting is the practice of utilizing accounting, auditing, and investigati… Baca selengkapnya What is forensic accounting?

Accountants and auditors help to ensure that the Nation's firms are run efficiently, its public… Baca selengkapnya What are auditors?

The FASB is one organization that provides standardized guidelines for financial reporting. The m… Baca selengkapnya What is the FASB?

If you don't keep track of how much money you're making, you have no idea whether your bu… Baca selengkapnya Managing the Bottom Line

Accounting has become more and more complex as have the businesses that use accounting functions. F… Baca selengkapnya Quasar software

Building a financial cushion for your business is never easy. Experts say that businesses should … Baca selengkapnya Building Cash Reserves

Another portion of the statement of cash flows reports the investment that the company took durin… Baca selengkapnya Investing and financing

In an accountant's reporting systems, depreciation of a business's fixed assets such as i… Baca selengkapnya Depreciation reporting

Depreciation is a term we hear about frequently, but don't really understand. It's an ess… Baca selengkapnya Depreciation

Inventory is usually the largest current asset of a business that sells products. If the inventor… Baca selengkapnya Inventory and expenses

In most businesses, what drives the balance sheet are sales and expenses. In other words, they ca… Baca selengkapnya Revenue and receivables

It would probably be ideal if business and life were as simple as producing goods, selling them a… Baca selengkapnya Gains and Losses

Making a profit in a business is derived from several different areas. It can get a little compli… Baca selengkapnya Assets and Liabilities

Accountants are responsible for preparing three primary types of financial statements for a busin… Baca selengkapnya Making a Profit

If you have a checking account, of course you balance it periodically to account for any differen… Baca selengkapnya Personal Accounting

Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is re… Baca selengkapnya Bookkeeping Basics

It might seem like a no-brainer to define just exactly what profit and loss are. But of course th… Baca selengkapnya Profit and Loss

There are many different careers in the field of accounting ranging from entry-level bookkeeping … Baca selengkapnya Careers

So what goes on the accounting and bookkeeping departments? What do these people do on a daily ba… Baca selengkapnya Bookkeeping

Principles If everyone involved in the process of accounting followed their own system, or no syst… Baca selengkapnya Accounting Principles