How to analyze a financial statement

It’s obvious financial statement have a lot of numbers in them and at first glance it can seem unwieldy to read and understand. One way to interpret a financial report is to compute ratios, which means, divide a particular number in the financial report by another. Financial statement ratios are also useful because they enable…

What are the details of an audit report,

Most audit reports on financial statements give the business a clean bill of health, or a clean opinion. At the other end of the spectrum, the auditor may state that the financial statements are misleading and should not be relied upon. This negative audit report is called an adverse opinion. That’s the big stick that…

What is accounting fraud,

Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company’s profit performance appear better than it actually is. Some things that companies do that can constitute fraud are: –Not listing prepaid expenses or other incidental assets –Not showing certain classifications of current assets…

Why Build Cash Reserves,

Building a financial cushion for your business is never easy. Experts say that businesses should have anywhere from six to nine months worth of income safely stored away in the bank. If you’re a business grossing $250,000 per month, the mere thought of saving over $1.5 million dollars in a savings account will either have…

About GAAP

While many businesses assume that accountants are bound by generally accepted accounting practices and that these are inviolate, nothing could be further from the truth. Everything is subject to interpretation, and GAAP is no different. For one thing, GAAP themselves permit alternative accounting methods to be used for certain expenses and for revenue in certain…

What happened at Enron,

Everyone knows at least a little about the Enron story and the devastation it created in the lives of is employees. It’s a story that belongs in any discussion of ethical accounting processes and what happens when accounting standards and ethics are discarded for personal greed. Enron began in 1985 selling natural gas to gas…

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, such as the New York Stock Exchange and Nasdaq. A private company is held solely by its owners and is not traded publicly. When the shareholders of a private business receive the periodical financial reports, they are entitled to assume…

Who uses forensic accountants,

Forensic accounting financial investigative specialists work with financial information for the purpose of conveying complicated issues in a manner that others can easily understand. While some forensic accountants and forensic accounting specialists are engaged in the public practice of forensic examination, others work in private industry for such entities as banks and insurance companies or…


Notice: Undefined index: sfsi_telegram_display in /home/www/supporttips.com/wp-content/plugins/ultimate-social-media-icons/libs/sfsi_widget.php on line 320

Notice: Undefined index: sfsi_vk_display in /home/www/supporttips.com/wp-content/plugins/ultimate-social-media-icons/libs/sfsi_widget.php on line 322

Notice: Undefined index: sfsi_ok_display in /home/www/supporttips.com/wp-content/plugins/ultimate-social-media-icons/libs/sfsi_widget.php on line 324

Notice: Undefined index: sfsi_weibo_display in /home/www/supporttips.com/wp-content/plugins/ultimate-social-media-icons/libs/sfsi_widget.php on line 326

Notice: Undefined index: sfsi_wechat_display in /home/www/supporttips.com/wp-content/plugins/ultimate-social-media-icons/libs/sfsi_widget.php on line 328
Facebook
Facebook
Google+
Google+
https://supporttips.com/page/3">
Pinterest
Pinterest
Instagram