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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. 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.
2. 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.
3. Statement of Cash Flow - Direct or Indirect Method
The indirect method is the most widely used.The direct method is call income statement method while the indirect method is called the reconciliation method.
4. Budgeting and its Role in Decision Making
A budget is a valuable tool for decision making. Planning and monitoring are essential for the organization's sustainability.
5. Reporting Irregular Items
Forensic accountants are hired to verify the reliability of financial information because it is a decisive factor in assessing performance. When unrealistic goals are set many wrongdoing instances are uncovered through financial investigations where forensic accountants are actively involved.
6. Statement of Cash Flows Example
The primary purpose of the statement of cash flows is to provide relevant information about the cash receipts and cash disbursements of an enterprise during a period.
7. Recording Transactions in the General Journal
Recording transactions in journals, posting to ledger accounts, and preparing a trial balance are core tasks in which accountants engage in every day. Entering a list of chronological transactions and events in terms of debts and credits into a general jornal is preview to posting a transaction.
8. Accounts Receivables' Allowances
Accounts receivables is the result of money owed to a business arising from the sale of goods or the performance of services. Accounts receivables are reported at their net realizable value, which represents the net amount that will be collected.
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. Cost Behavior Assumptions
Managers need help determining how the cost of resources used changes as the activity output changes. Decision-makers can make processes more efficient. What is the ratio of number of units produced compared to fixed, variable, and mixed costs? Assessing cost behavior takes into consideration the ti
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