Accounting methods are the account rules a company uses to maintain its financial transactions. GAAP and IFRS pronouncements constitute the universal principles companies use to keep the “books”. What are common accounting methods? Continue reading What Are Common Accounting Methods?
How familiar are you with the accounting rules and concepts utilized by accounting systems? If you were more confident with the information generated by your accounting program, would it help you to use it more effectively to run your company? More importantly, do you understand how your Accounting Policies and Procedures integrate with the accounting rules and concepts to produce the internal controls you need? Continue reading What Are Accounting Management Systems?