Top Ten Accounting Articles

Here are the top ten articles for the Accounting Site! These rankings are live and get reset at the beginning of each month, so check back often to see what your fellow visitors are most interested in!

1. Significant Unusual Transactions
Former CEO, CFO, and other top officers of a corporation were accused of falsifying the company’s financial records in order to inflate the organization revenue so that the company would meet analysts’ financial projections.

2. Accounting Information Systems (AIS) and Fraud
An executive signed a Form S-4 and a Form S-4 amendment that Company WXZ, Inc. filed with the SEC while knowing, those filings contained materially false and misleading information on prior revenue and earnings per share(2) approved backdated contracts, among other misleading actions.

3. How to Save Money
Saving must be made a habit early in life. It may seem difficult to save during harsh times but it is possible. A review and reshuffling of your spending habits will show you ways to build up a saving.

4. Simplified Book-keeping
The objective of accounting is to find out whether the business is making a gain or losing money. Even the uninitiated can maintain a small business' book-keeping, familiarity with a few basic principles and account categories is all that it takes. How to record transactions and summarize entries.

5. Drawing Conclusions from Financial Statements
Forensic accountants find useful information in the financial statements. Financial statements analysis helps decision-makers and financial investigators to draw conclusions for different purposes.

6. Worst and Best Case Scenarios
Forensic accountants are familiar with scenario analysis because it is crucial for them to present information in such a way that a layperson may see the difference between one situation and another and its economic impact just by looking at a simple table with both the worst and the best cases.

7. Compensated Absences
Forensic accountants review these transactions as unscrupulous individuals commit fraud by reducing expenses related to compensated absences to help companies meet earnings targets and fraudulently fail to disclose in their financial statements the changes in accounting for compensated absences.

8. Financial Statements Explained
Understand what the figures in the financial statements mean in regards to the business. Monitor your business' health with a few simple ratios and take timely corrective or preventive actions. Use financial statements to analyse your business.

9. Inventory Analysis & Management
How to avoid overstocking or understocking and use investment optimally. What is inventory turnover and how it affects financial statements. How to calculate the number of days it takes to sell inventory.

10. Working Capital - Business Finance
Importance of Working Capital in a business. Learn how to maintain a healthy cashflow and avoid cash deficits. Understand why net income is not a measure of healthy cashflow.

Be sure to visit the Accounting Archives for all the articles!

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