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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. Formulas for an Excel Template
If you don't have a sophisticated software package Preparing a simple depreciation schedule in Excel is very straightforward. Follow this approach to get it.
2. Forex and Its Accounting and Fraud Impact
Victims of Foreign Exchange (FOREX) transactions fall in a trap setup by fraudsters who promise high returns.
3. Bankruptcy Fraud and Forensic Accountants
Being aware of fraud schemes related to bankruptcy and how they are perpetrated is crucial for the success of an investigation where a forensic accountant is involved.
4. Incoterms for Sea Shipments
Learn about International Commercial Terms (Incoterms) which are used only for sea shipments and seller's responsibilities under each of them - Free Alongside Ship (FAS), Free on Board (FOB), Cost & Freight (C&F) and Cost, Insurance & Freight (CIF) and, how these differ from General Incoterms.
5. How To Keep Credit Under Control
Selling on Credit may increase your business, but are you sure of collecting the value that is owed to you?? Whether in business or personal life, one needs to keep a close watch on credit and not let it get out of control. Take simple precautions to reduce the occurrence of bad debt.
6. Manipulation Affects Investors
The Securities and Exchange Commission, SEC, defines manipulation as intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Avoiding manipulations means being aware of schemes to deceive investors.
7. Back to Back & Standby LCs explained
Understand what a Standby Letter of Credit (Standby LC) is and why it is infrequently used. Similarities and dissimilarities between a Back-to-Back Letter of Credit and a Transferable Letter of Credit and the risks associated with each.
8. Letters of Credit - Types
Different types of LCs and their applications explained and how to effectively use the right LC to finance procurement. Understand the operational risks and the level of payment security under different types of LCs.
All you need to know for preparing an effective budget and using it to promote continual improvement, whether in business or in the family - avoid the credit squeeze with an effective budget. Estimated expenditure and income
10. Incoterms - General Rules
The importance of Incoterms in international trade. Understand the risks and responsibilities associated with each Incoterm and learn how to use the right one to avoid trade disputes and litigations.
Be sure to visit the Accounting Archives for all the articles!
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