MECE

Policy and procedure, together, make up the realm of governance and management. Policies are the outline and guidelines for decisions and actions, but they need procedures to actually be effective. Procedures are the steps to follow a policy’s aims. Does every policy need a procedure?

The number of FASB rules is a mystery to finance pros. There isn’t and exact answer, but it’s vital to grasp the intricacy and depth of the Financial Accounting Standards Board’s regulations. The FASB takes charge of US accounting standards, for transparency and uniformity in financial reports. Topics, such as revenue recognition, financial instruments, leases, […]

Accountants are the backbone of understanding an interpreting financial data. They condense complex info into concise, understandable summaries. Such summaries provide stakeholders with the right tools to make decisions regarding an organization’s finances. What do accountants do in summarizing?