Examining Asset Fraud...
Auditors typically view property and equipment as a low - risk area. However, the opportunity for a significant fraud in a one-time transaction is actually high. The purchase of a building... More »
Credit Policy Example...
A serious control problem arises when there is no formal definition of how to calculate a credit limit, what information is required of customers in order to determine the credit limit,... More »
Accountant Career Path Explored...
Remembering my career 5 years ago, I was an Accounting Manager. But before that, I was in charge for various position in the accounting and financial field. Started as a bookkeeper,... More »
Test Your Accruals and Deferrals IQ...
How good is your understanding about accrual and deferral transaction? Take this quiz! This quiz post contains 15 problems in the accrual and deferral area of financial accounting and... More »
Fraud: Embezzlement Of Cash Receipts...
How fraud in the cash receipt cycle occurs in an organization depends largely on the nature of the business and how the cash cycle operates. Unlike the expenditure cycle, the mechanics... More »
Common Acronyms in the Accounting World...
Here are list of acronyms that commonly found in the accounting world
A
AAA - American Accounting Association
AAOIFI - Accounting and Auditing Organization of Islamic Financial Institutions... More »
How to Proper Inventory Recordkeeping...
Information about the proper time period over which to retain accounting documents is difficult to find, as are procedures and documentation for organizing and destroying documents.... More »
Fraud Examination on Travel Expenses...
Many auditors have stopped auditing travel expenses because of the materiality of the expense. While there is no argument that an individual expense report is not material or that total... More »
3 Misconceptions About Budget...
Budget is needed to provide a control device that can be used to ensure the attainment of commercial goals. Although budget permeates almost every aspect of a business, it tends to... More »
How Do You Manage Payroll Tax?...
How do you Manage Payroll Taxes? Pay it. That’s true, but there are some basic concepts of paying payroll tax you should know, and sound tax strategy/planning that improve your... More »
Funding Fundamentals...
Money does indeed make the world go ’round. True, today, fund is not available for every type of business. But, in fact, definitely, there is still funds floating around that the... More »
5 Steps to Brand Acquisition Analysis...
When a company acquire [or purchases] a brand from another company, it can be as simple as the transfer of the name, or it can be a more comprehensive transfer of all the factories... More »
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