Comments for Phoenix, AZ Accountant Firm

Comment on Tax Planning Services by Phoenix, AZ CPA Firm: Tax Planning Services

Phoenix, AZ CPA Firm: Tax Planning Services — Mon, 11 Oct 2010 05:12:08 +0000

[...] post: Tax Planning Services Share and Enjoy: Tax Planning and Research Properly analyzing and assessing a client's financial [...]

Comment on The Purpose and Benefits of a Stock Split by The Purpose and Benefits of a Stock Split

The Purpose and Benefits of a Stock Split — Mon, 11 Oct 2010 03:46:29 +0000

[...] The Purpose and Benefits of a Stock Split Share and Enjoy: What is the Benefit of Offering Stock Options? A company will offer stock options [...]

Comment on The Purpose of Derivative Instruments by The Purpose of Derivative Instruments

The Purpose of Derivative Instruments — Mon, 11 Oct 2010 02:48:37 +0000

[...] the original post: The Purpose of Derivative Instruments Share and Enjoy: Components of Pension Expense and Interest Rates The components of pension [...]

Comment on Classifications of Investments and Financial Statement Impact by Classifications of Investments and Financial Statement Impact

Classifications of Investments and Financial Statement Impact — Mon, 11 Oct 2010 01:54:37 +0000

[...] posted here: Classifications of Investments and Financial Statement Impact Share and Enjoy: Debt Investments or Equity Investments? The differences between debt and equity [...]

Comment on How Does Taxable Income and Financial Income Differ? by How Does Taxable Income and Financial Income Differ?

How Does Taxable Income and Financial Income Differ? — Mon, 11 Oct 2010 01:32:55 +0000

[...] the article here: How Does Taxable Income and Financial Income Differ? Share and Enjoy: Deferred Tax Assets and Deferred Tax Liabilities Deferred tax assets and deferred [...]

Comment on Tax Benefits of Net Operating Losses by Tax Benefits of Net Operating Losses

Tax Benefits of Net Operating Losses — Mon, 11 Oct 2010 01:05:36 +0000

[...] more: Tax Benefits of Net Operating Losses Share and Enjoy: Operating Leases Versus Capital Leases The criteria for classifying a lease as [...]

Comment on Components of Pension Expense and Interest Rates by Components of Pension Expense and Interest Rates

Components of Pension Expense and Interest Rates — Mon, 11 Oct 2010 00:32:18 +0000

[...] rest is here: Components of Pension Expense and Interest Rates Share and Enjoy: The Main Components of A Comprehensive Annual Financial Report What is CAFR and [...]

Comment on Operating Activities and the Statement of Cash Flows by Operating Activities and the Statement of Cash Flows

Operating Activities and the Statement of Cash Flows — Mon, 11 Oct 2010 00:08:34 +0000

[...] more here: Operating Activities and the Statement of Cash Flows Share and Enjoy: Statement of Cash Flows and Financial Statement Overview Purpose of financial [...]

Comment on Perpetual and Periodic Inventory Systems by Perpetual and Periodic Inventory Systems

Perpetual and Periodic Inventory Systems — Sun, 10 Oct 2010 23:43:33 +0000

[...] the original here: Perpetual and Periodic Inventory Systems Share and Enjoy: Gross Profit Method or Retail Method of Inventorying? Under what circumstances [...]

Comment on Methods Used to Calculate Depreciation by Methods Used to Calculate Depreciation

Methods Used to Calculate Depreciation — Sun, 10 Oct 2010 22:49:32 +0000

[...] here to read the rest: Methods Used to Calculate Depreciation Share and Enjoy: What is the purpose of depreciation? The purpose of depreciation: The purpose of [...]

Comment on Accounting for Research and Development Costs by Accounting for Research and Development Costs

Accounting for Research and Development Costs — Sun, 10 Oct 2010 22:21:37 +0000

[...] from: Accounting for Research and Development Costs Share and Enjoy: Information System Development Life Cycle Business model processing and system [...]

Comment on Current Liability or Long-Term Liability? by Current Liability or Long-Term Liability?

Current Liability or Long-Term Liability? — Sun, 10 Oct 2010 21:59:18 +0000

[...] Current Liability or Long-Term Liability? Share and Enjoy: Accounting for Current, Non-Current and Long-Term Liabilities The importance of [...]

Comment on Operating Leases Versus Capital Leases by Operating Leases Versus Capital Leases

Operating Leases Versus Capital Leases — Sun, 10 Oct 2010 21:27:32 +0000

[...] the original here: Operating Leases Versus Capital Leases Share and Enjoy: Accounting for Current, Non-Current and Long-Term Liabilities The importance of [...]

Comment on Revenue Recognition Methods and Policies by Revenue Recognition Methods and Policies

Revenue Recognition Methods and Policies — Sun, 10 Oct 2010 20:58:42 +0000

[...] the rest here: Revenue Recognition Methods and Policies Share and Enjoy: Revenue Recognition and Income Statements Why is it important to properly [...]

Comment on Full Disclosure and Financial Statement Reporting by Full Disclosure and Financial Statement Reporting

Full Disclosure and Financial Statement Reporting — Sun, 10 Oct 2010 19:43:34 +0000

[...] here to read the rest: Full Disclosure and Financial Statement Reporting Share and Enjoy: Full Disclosure Principle in Accounting Full Disclosure Principle in Accounting [...]

Comment on Government and Not-for-Profit Accounting by Government and Not-for-Profit Accounting

Government and Not-for-Profit Accounting — Sun, 10 Oct 2010 18:54:28 +0000

[...] Government and Not-for-Profit Accounting Share and Enjoy: For-Profit, Not-for-Profit and Government Organization Reporting Differences that [...]

Comment on SFAS 116 and 117 Executive Summary by SFAS 116 and 117 Executive Summary

SFAS 116 and 117 Executive Summary — Sun, 10 Oct 2010 17:56:54 +0000

[...] the original post here: SFAS 116 and 117 Executive Summary Share and Enjoy: FASB Statement 117 and Classifications of Net Assets Using a previous selected [...]

Comment on Fair Value Cash Flow and Foreign Currency Hedges by Fair Value Cash Flow and Foreign Currency Hedges

Fair Value Cash Flow and Foreign Currency Hedges — Sun, 10 Oct 2010 16:39:23 +0000

[...] the original post here: Fair Value Cash Flow and Foreign Currency Hedges Share and Enjoy: Current Rate Method and Temporal Method The difference between the current rate [...]

Comment on International Accounting Standards Board by International Accounting Standards Board

International Accounting Standards Board — Sun, 10 Oct 2010 16:12:37 +0000

[...] rest is here: International Accounting Standards Board Share and Enjoy: Important International Accounting Standards International Accounting Standards: [...]

Comment on Goodwill in the Consolidation Process by Goodwill in the Consolidation Process

Goodwill in the Consolidation Process — Sun, 10 Oct 2010 15:43:26 +0000

[...] this link: Goodwill in the Consolidation Process Share and Enjoy: Goodwill Impairment and the Consolidation Process The significance of goodwill in [...]

Comment on Codification of Generally Accepted Accounting Principles by Codification of Generally Accepted Accounting Principles

Codification of Generally Accepted Accounting Principles — Sun, 10 Oct 2010 15:19:18 +0000

[...] more here: Codification of Generally Accepted Accounting Principles Share and Enjoy: Generally Accepted Accounting Principles and The Accounting Cycle Is it possible [...]

Comment on International Accounting, US GAAP and Financial Reporting by International Accounting, US GAAP and Financial Reporting

International Accounting, US GAAP and Financial Reporting — Sun, 10 Oct 2010 14:48:14 +0000

[...] the original post: International Accounting, US GAAP and Financial Reporting Share and Enjoy: Important International Accounting Standards International Accounting Standards: [...]

Comment on Private Securities Reform Act of 1995 and Audit Liability by Private Securities Reform Act of 1995 and Audit Liability

Private Securities Reform Act of 1995 and Audit Liability — Sun, 10 Oct 2010 13:53:56 +0000

[...] reading here: Private Securities Reform Act of 1995 and Audit Liability Share and Enjoy: Taxpayer Services Must Remain a Priority As IRS Implements Health Care Reform [...]

Comment on The Main Components of A Comprehensive Annual Financial Report by The Main Components of A Comprehensive Annual Financial Report

The Main Components of A Comprehensive Annual Financial Report — Sun, 10 Oct 2010 12:14:33 +0000

[...] posted here: The Main Components of A Comprehensive Annual Financial Report Share and Enjoy: AARP Comprehensive Annual Financial Report Using a previous selected NFP CAFR or [...]

Comment on Not-for-Profit Contributions and the AARP by Not-for-Profit Contributions and the AARP

Not-for-Profit Contributions and the AARP — Sun, 10 Oct 2010 11:19:08 +0000

[...] here: Not-for-Profit Contributions and the AARP Share and Enjoy: Financial Statements and Reports Required by the AARP Either using a previous [...]

Comment on State of Arizona Government-Wide Statements and Reporting Entities by State of Arizona Government-Wide Statements and Reporting Entities

State of Arizona Government-Wide Statements and Reporting Entities — Sun, 10 Oct 2010 10:32:35 +0000

[...] the original here: State of Arizona Government-Wide Statements and Reporting Entities Share and Enjoy: State of Arizona Capital Project and Debt Service Funds How many capital project [...]

Comment on Dynamics of Accounting and Information Systems by Dynamics of Accounting and Information Systems

Dynamics of Accounting and Information Systems — Sun, 10 Oct 2010 09:11:08 +0000

[...] more here: Dynamics of Accounting and Information Systems Share and Enjoy: The Effects Technology has on Accounting Professionals The effects of technology [...]

Comment on Information System Database Management and Integration by Information System Database Management and Integration

Information System Database Management and Integration — Sun, 10 Oct 2010 08:52:04 +0000

[...] the original: Information System Database Management and Integration Share and Enjoy: Information Systems, Auditing and System Controls Information systems and the [...]

Comment on Critical Thinking is Intellectual Thinking by Critical Thinking is Intellectual Thinking

Critical Thinking is Intellectual Thinking — Sun, 10 Oct 2010 08:08:55 +0000

[...] more: Critical Thinking is Intellectual Thinking Share and Enjoy: Critical Thinking for Sales People Applying critical thinking to a work-related [...]

Comment on Critical Thinking for Sales People by Critical Thinking for Sales People

Critical Thinking for Sales People — Sun, 10 Oct 2010 07:16:33 +0000

[...] more from the original source: Critical Thinking for Sales People Share and Enjoy: Thinking in an Intellectual and Analytical Way What is critical thinking? [...]

Comment on Filing for Bankruptcy, Chapter 7 or Chapter 11? by Filing for Bankruptcy, Chapter 7 or Chapter 11?

Filing for Bankruptcy, Chapter 7 or Chapter 11? — Sun, 10 Oct 2010 06:53:32 +0000

[...] from: Filing for Bankruptcy, Chapter 7 or Chapter 11? Share and Enjoy: Additional accounting information. Tags: child support, Creditors, [...]

Comment on Contact by Phoenix Tax Planning CPA: Small Business Tax Planning & Research

Phoenix Tax Planning CPA: Small Business Tax Planning & Research — Sat, 09 Oct 2010 19:11:50 +0000

[...] are centrally located in the Camelback of Phoenix, to meet with a CPA in person, click here to contact us and for [...]

Comment on Financial Statements by Business Record Retention Guide: Greater Phoenix CPA Firm

Business Record Retention Guide: Greater Phoenix CPA Firm — Sat, 09 Oct 2010 19:09:22 +0000

[...] – 2 years Expense analyses/expense distribution schedules – 4 years Expense reports – 4 years Financial statements (year-end) – permanently Freight bills – 3 years Garnishments – 7 years General/private [...]

Comment on Income Tax by Phoenix Bankruptcy Accountant: Filing Chapter 7, Chapter 11

Phoenix Bankruptcy Accountant: Filing Chapter 7, Chapter 11 — Wed, 06 Oct 2010 05:36:31 +0000

[...] Income Tax [...]

Comment on Debt Securities and Equity Securities by Issac Meara

Issac Meara — Wed, 07 Jul 2010 04:27:55 +0000

Debt negotiation appears to be growing as a true strategy for people suffering with credit card debt. I’ve been oberserving the trend very closely and it is difficult to understand what is actually being purchased for the investment in debt settlement. I know there are a great number or service providers available in the market that serve up great solutions and the customers truely benefit, but I am also aware that there are a lot debt settlement companies on the web that are focused on collecting new customer fees and signing up new customers. This is probably why we are seeing so much new regulation regarding the industry. My uncle utilized a debt business and is very happy happy with the result.

Comment on Debt Securities and Equity Securities by Phoenix Bankruptcy Accountant: Filing Chapter 7, Chapter 11

Phoenix Bankruptcy Accountant: Filing Chapter 7, Chapter 11 — Fri, 02 Jul 2010 22:27:01 +0000

[...] plan? United States bankruptcy laws permits debtors to either dismiss repaying certain debts to creditors or to repay creditors over a given time period. As stated in the U.S. Bankruptcy Code, a company or [...]

Comment on QuickBooks® by Information Systems: Auditing Processes & System Controls

Information Systems: Auditing Processes & System Controls — Fri, 02 Jul 2010 20:20:18 +0000

[...] QuickBooks® [...]

Comment on Common Stock or Preferred Stock? by Debt & Equity Securities: Trading, Held-to-Maturity, Available-for-Sale

Debt & Equity Securities: Trading, Held-to-Maturity, Available-for-Sale — Fri, 02 Jul 2010 20:13:02 +0000

[...] – Preferred stock was purchased for its constant dividend. The company is planning to hold the preferred stock for a [...]

Comment on Financial Statements by Comprehensive Annual Financial Report: Main Components of a CAFR

Comprehensive Annual Financial Report: Main Components of a CAFR — Fri, 02 Jul 2010 20:07:43 +0000

[...] Financial Statements [...]

Comment on Sarbanes-Oxley Act and Auditing by Auditing Profession: Public Accounting as a Guarantor of Results

Auditing Profession: Public Accounting as a Guarantor of Results — Fri, 02 Jul 2010 20:03:13 +0000

[...] standards are procedures that accounting professionals are required to uphold. GAAP, GAAS, AICPA, SOX, etc., all set guidelines and regulations that are designed to instill confidence in the public’s [...]

Comment on Financial Statements by Financial Accounting: Fair Value Cash Flow & Foreign Currency Hedges

Financial Accounting: Fair Value Cash Flow & Foreign Currency Hedges — Fri, 02 Jul 2010 19:53:33 +0000

[...] Financial Statements [...]

Comment on Financial Statements by Comprehensive Annual Financial Report: CAFR, GASB 34, Federal Government

Comprehensive Annual Financial Report: CAFR, GASB 34, Federal Government — Fri, 02 Jul 2010 19:46:53 +0000

[...] Financial Statements [...]

Comment on Income Tax by Income Tax Returns: Arizona & Federal Income Tax Preparation

Income Tax Returns: Arizona & Federal Income Tax Preparation — Fri, 02 Jul 2010 18:24:53 +0000

[...] offers you quick and precise federal and Arizona income tax returns. Our knowledgeable and outgoing Arizona income tax preparers guarantee to meet and exceed your [...]

Comment on Tax Planning by Tax Planning & Research: Reduce Tax Liablity, Personal, Corporate, Small Business

Fri, 02 Jul 2010 18:18:42 +0000

[...] office doors are always open to assist you with tax planning. Visit us today, our offices are centrally located in the Camelback of Phoenix, to meet with a CPA [...]

Comment on Financial Statements by Foreign Currency Translation: Current Rate Method & Temporal Method

Foreign Currency Translation: Current Rate Method & Temporal Method — Fri, 02 Jul 2010 18:03:32 +0000

[...] translated using the exchange rate at the balance sheet date, even when the subsidiary may have prepared their statements earlier in the year. The income statement accounts are translated using the average rate for the [...]

Comment on Tax Planning by Retirement Planning: 401k, Defined-Contribution or Defined-Benefit Plan?

Retirement Planning: 401k, Defined-Contribution or Defined-Benefit Plan? — Fri, 02 Jul 2010 18:01:56 +0000

[...] impacting the value of their trust, however there are some benefits for an employer to a benefit plan too. Related [...]

Comment on QuickBooks® by Accounting Profession: Technology & Information Systems Effect

Accounting Profession: Technology & Information Systems Effect — Fri, 02 Jul 2010 17:32:33 +0000

[...] change the way: The owner of a local pool maintenance company recently purchased a copy of Intuit’s QuickBooks®. He explained that using QuickBooks® to document is daily, weekly, and a monthly activity was not [...]

Comment on Dynamics of Accounting and Information Systems by Information Systems Infrastructure: Inputs, Processes, Outputs

Information Systems Infrastructure: Inputs, Processes, Outputs — Thu, 01 Jul 2010 20:46:02 +0000

[...] is a vital portion of every major corporation to have a strong infrastructure for their information systems. Because of this, systems are regularly inspected, checked for bugs, and outputted data is verified [...]

Comment on Financial Statements by Glenn Cheney: FASB Mulls Tightening of Current Liabilities Definition

Glenn Cheney: FASB Mulls Tightening of Current Liabilities Definition — Thu, 01 Jul 2010 20:36:50 +0000

[...] have on small business accounting, for no reason other than the technical difficulty of preparing year-end financial statements, small companies can find their long-term debt suddenly converted to a current liability – a [...]

Comment on Financial Statements by Sarbanes-Oxley Act of 2002: Audit Environment, Section 302, Section 303

Sarbanes-Oxley Act of 2002: Audit Environment, Section 302, Section 303 — Thu, 01 Jul 2010 20:30:43 +0000

[...] to perform for a client. Auditors cannot perform bookkeeping related to the accounting records or financial statements, appraisals, valuation services, internal audit services, or management functions. In addition [...]

Comment on Financial Statements by Financial Reporting Guidance: For-Profit, Not-for-Profit, Government

Financial Reporting Guidance: For-Profit, Not-for-Profit, Government — Thu, 01 Jul 2010 20:30:22 +0000

[...] to do good with the funds they were initially provided. For-profit organizations prepare their financial statements to be viewed by stakeholders – shareholders, creditors, lenders, employees, vendors, etc., [...]

Comment on Tax Planning by Financial Ratios: Profitability, Liquidity, Activity, Long-Term Leverage Ratio

Financial Ratios: Profitability, Liquidity, Activity, Long-Term Leverage Ratio — Thu, 01 Jul 2010 20:24:12 +0000

[...] of business decisions can be made using these tools in your company or organization? All sorts of business decisions can be made based on the above information. Perhaps one of the most common business decisions that [...]

Comment on Financial Statements by Consolidated Financial Statements: Pros & Cons, Frequency

Consolidated Financial Statements: Pros & Cons, Frequency — Thu, 01 Jul 2010 20:22:47 +0000

[...] consolidated, at the very minimum, on an annual basis. However, many firms will consolidate their financials [...]

Comment on Pooling of Interest Accounting by Goodwill Impairment: Consolidation Process & Accounting for Goodwill

Goodwill Impairment: Consolidation Process & Accounting for Goodwill — Thu, 01 Jul 2010 20:20:20 +0000

[...] it can be very significant in the consolidation of a business. In the past, methods such as pooling of interest accounting were used to avoid recording goodwill and associated amortization [...]

Comment on SFAS 116 and 117 Executive Summary by Accountability in Reporting: Governmental & Not-for-Profit Regulatory Statements

Thu, 01 Jul 2010 20:13:49 +0000

[...] Accountability in Reporting Due to increased scrutiny and demand for accountability by the public, financial reporting by not-for-profit and governmental entities are now subject to specific requirements detailed in Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) statements. The statements in particular that have had the most impact on how not-for-profit and government agencies conduct financial reporting are GASB Statement No. 20, GASB Statement No. 29, FASB Statement No. 116 and 117. [...]

Comment on Financial Statements by Government & Not-for-Profits: Fund Accounting, Proprietary Accounting

Government & Not-for-Profits: Fund Accounting, Proprietary Accounting — Thu, 01 Jul 2010 20:13:11 +0000

[...] consider each fund as an individual, self-balancing set of accounts from which the organization’s financial statements can be prepared from; while proprietary accounting often uses the term funds to refer to working [...]

Comment on Failure to Fully Disclose Balance Sheet Items by Full Disclosure Principle: Accounting, Financial Statements, Consequences

Full Disclosure Principle: Accounting, Financial Statements, Consequences — Thu, 01 Jul 2010 20:07:40 +0000

[...] explanation of the need for full disclosure in financial reporting and the possible consequences of failing to properly disclose certain items in financial statements will be [...]

Comment on Components of Pension Expense and Interest Rates by Liability Recognition: Current, Non-Current, Long-Term Liabilities

Liability Recognition: Current, Non-Current, Long-Term Liabilities — Thu, 01 Jul 2010 20:06:10 +0000

[...] of non-current liabilities include pension benefits and other postretirement benefits. These long-term liabilities are not considered current, causing [...]

Comment on Tax Planning by Contingency Planning: Contingencies, Financial Reporting, Litigation

Contingency Planning: Contingencies, Financial Reporting, Litigation — Thu, 01 Jul 2010 19:59:20 +0000

[...] unfortunate occur. The following are examples of loss contingencies: environmental issues, possible tax assessments, government investigations, and losses associated with [...]

Comment on Estimating Bad Debt and the Effect on Net Income by Fixed Assets: Criteria for Capitalization, Associated Costs, Interest

Fixed Assets: Criteria for Capitalization, Associated Costs, Interest — Thu, 01 Jul 2010 19:50:29 +0000

[...] included in the cost of a fixed asset: Items that are included in the cost of a fixed asset include all expenditures associated with the acquisition of the asset, [...]

Comment on Perpetual and Periodic Inventory Systems by Inventory Systems: Gross Profit & Retail Inventory Method

Inventory Systems: Gross Profit & Retail Inventory Method — Thu, 01 Jul 2010 19:49:00 +0000

[...] using the gross profit and retail inventory method for estimating inventory: The gross profit method for estimating inventory relies on three specific assumptions. First, it is assumed that the beginning inventory plus [...]

Comment on Financial Statements by Which is Most Important to Manage & Track: Cash, Receivables, or Inventory?

Which is Most Important to Manage & Track: Cash, Receivables, or Inventory? — Thu, 01 Jul 2010 19:48:02 +0000

[...] by: A misstatement in cash would be the most detrimental to a firm. The affect would be seen in financial statements as understating the firm’s worth and would jeopardize the firm’s ability to uphold its [...]

Comment on Financial Statements by Generally Accepted Accounting Principles & The Accounting Cycle

Generally Accepted Accounting Principles & The Accounting Cycle — Thu, 01 Jul 2010 19:44:45 +0000

[...] Is it possible to deviate from Generally Accepted Accounting Principles and the accounting cycle and still prepare financial statements? It is possible to deviate from the Generally Accepted Accounting Principles (GAAP) and the accounting cycle and still prepare financial statements, because it is possible that particular user groups may wish for reporting to be conducted in a particular way, such as for tax basis or cash basis for specific economic events. However, when reporting to those outside of special user groups, i.e. publically traded companies, GAAP is often essential for financial statement preparation. [...]

Comment on Financial Statements by Financial Reporting Objectives: Legitimate Practices & Upholding Standards

Financial Reporting Objectives: Legitimate Practices & Upholding Standards — Thu, 01 Jul 2010 19:36:46 +0000

[...] dividends will be paid, or how much is earned in proceeds from sales. Information pertaining to the firm’s cash flow is one of the most important forms of data that investors and creditors need to know, as this helps [...]

Comment on Tax Planning by Pension Plans: Defined Contribution Plan or Defined Benefit Plan?

Pension Plans: Defined Contribution Plan or Defined Benefit Plan? — Thu, 01 Jul 2010 19:35:38 +0000

[...] plan or a defined benefit plan? As an employee, I would rather have a defined-contribution plan. Mostly because the trust is separate and distinct from the employer. Another reason is that in a [...]

Comment on How Does Taxable Income and Financial Income Differ? by Deferred Tax Assets & Tax Liabilities: Tax Expenses, Taxes Payable

Deferred Tax Assets & Tax Liabilities: Tax Expenses, Taxes Payable — Thu, 01 Jul 2010 19:34:19 +0000

[...] tax liabilities are derived from an increase in taxes payable in future years as a result of taxable temporary differences existing at the end of the current [...]

Comment on Common Stock or Preferred Stock? by Investee Voting Stock: Debt Investments or Equity Investments?

Investee Voting Stock: Debt Investments or Equity Investments? — Thu, 01 Jul 2010 19:31:33 +0000

[...] differences between debt and equity investments: Equity investments represent common stock, preferred stock, and similar ownership interests in a company. Equity investments can be classified based on the [...]

Comment on Classifications of Investments and Financial Statement Impact by Accounting Methods for Investments & Securities: Current, Non-Current Assets

Accounting Methods for Investments & Securities: Current, Non-Current Assets — Thu, 01 Jul 2010 18:15:25 +0000

[...] investment classifications? The rationale behind the different accounting methods for the various investment classifications is to identify the asset as either current or noncurrent. However, some investments are classified [...]

Comment on The Purpose and Benefits of a Stock Split by Corporate Investing: Why do companies make investments in other companies?

Corporate Investing: Why do companies make investments in other companies? — Thu, 01 Jul 2010 18:05:59 +0000

[...] The more assets that a company possesses will obviously make the company more valuable and more favorable to new investors. So for most companies… building, growing, expanding, etc., is not just an option, but a [...]

Comment on Tax Planning by Business Record Retention Guide

Business Record Retention Guide — Thu, 01 Jul 2010 17:53:19 +0000

[...] are listed alphabetically to aid you in quickly referencing the information. Use Ctrl + f to quickly locate the retention period of a specific item using the [...]

Comment on Financial Statements by Stock & Dividends: Different Types of Dividends a Company Can Pay Out

Stock & Dividends: Different Types of Dividends a Company Can Pay Out — Thu, 01 Jul 2010 17:05:24 +0000

[...] dividends – dividends issued at a rate from paid-in capital rather than being based on retained earnings; stock earnings – a company’s issuance of its own stock to its [...]

Comment on Government and Not-for-Profit Accounting by Government & Not-for-Profits: Fund Accounting, Proprietary Accounting

Government & Not-for-Profits: Fund Accounting, Proprietary Accounting — Thu, 01 Jul 2010 16:53:10 +0000

[...] is fund accounting? Fund accounting is the accounting system that government and not-for-profit organizations use to closely watch each individual fund that the organization has established. This [...]

Comment on Full Disclosure and Financial Statement Reporting by Full Disclosure Principle: Accounting, Financial Statements, Consequences

Full Disclosure Principle: Accounting, Financial Statements, Consequences — Thu, 01 Jul 2010 16:52:53 +0000

[...] for what should be disclosed and what doesn’t need to be disclosed. Below is a discussion of the full disclosure principle, along with the reasons for the substantial increase of disclosed information. In [...]

Comment on Financial Statements by Creative Accounting Practices: Quality of Earnings, Earnings Management

Creative Accounting Practices: Quality of Earnings, Earnings Management — Thu, 01 Jul 2010 16:52:23 +0000

[...] to? The term quality of earnings is used to describe the usefulness of information disclosed in a firm’s income statement. Some corporations have been known to make the current reporting year appear more positive to meet [...]

Comment on Financial Statements by Consistent Revenue Recognition Policy: IRS & SEC Ramifications

Consistent Revenue Recognition Policy: IRS & SEC Ramifications — Thu, 01 Jul 2010 16:52:05 +0000

[...] closely monitor what companies are reporting for revenue, because so much rides on the accuracy of financial reports for would be investors and company stakeholders. The SEC does this to protect consumers from [...]

Comment on Methods Used to Calculate Depreciation by Disposition of Fixed Assets: Exchanges of Assets, Financial Statement Impact

Disposition of Fixed Assets: Exchanges of Assets, Financial Statement Impact — Thu, 01 Jul 2010 16:51:42 +0000

[...] plant asset consists of recording depreciation for the period of time between the date of the last depreciation entry and the date [...]

Comment on Critical Thinking is Intellectual Thinking by Critical Thinking: Identifying Personal Strengths & Weaknesses

Critical Thinking: Identifying Personal Strengths & Weaknesses — Wed, 30 Jun 2010 23:35:57 +0000

[...] is critical thinking? Critical thinking is exactly what the term suggests—it is the process of thinking in an intellectual and analytical [...]

Comment on Small Business and Corporate Accounting Systems by Critical Thinking: Intellectual Thought Process, Problem Solving Skills

Critical Thinking: Intellectual Thought Process, Problem Solving Skills — Wed, 30 Jun 2010 21:40:19 +0000

[...] every aspect of their lives, from social and personal settings to the sophisticated realms of the corporate business world, such as tax planning and projecting. Equally as important as thinking intellectually, is [...]

Comment on Sarbanes-Oxley Act and Auditing by Information Systems: Auditing Processes & System Controls

Information Systems: Auditing Processes & System Controls — Wed, 30 Jun 2010 00:38:17 +0000

[...] auditor or an external auditor. With the recent updated accounting guidelines set forth by the Sarbanes-Oxley Act, there has been an increased need for certified auditors to accurately report control procedures. [...]

Comment on Information System Database Management and Integration by Information Systems: Auditing Processes & System Controls

Information Systems: Auditing Processes & System Controls — Wed, 30 Jun 2010 00:38:02 +0000

[...] systems and the audit process: Integrating an information system to perform auditing processes will usually encompass multiple resources and procedures; including [...]

Comment on Information System Database Management and Integration by Information System Development Life Cycle: Corporate Accounting Systems

Information System Development Life Cycle: Corporate Accounting Systems — Wed, 30 Jun 2010 00:21:35 +0000

[...] system for eliminating any weaknesses or at the very least, minimizing them. The final step is to implement the new system and to check it for bugs. With the new system in place, it is important that extensive testing is [...]

Comment on Dynamics of Accounting and Information Systems by Business Information Systems: Database Management & Integration

Business Information Systems: Database Management & Integration — Wed, 30 Jun 2010 00:08:33 +0000

[...] users of information systems because of the ability to manipulate the database information into database management systems. Most organizations, large and small, will have integrated some form of database management. Areas [...]

Comment on QuickBooks® by Information Systems Infrastructure: Inputs, Processes, Outputs

Information Systems Infrastructure: Inputs, Processes, Outputs — Tue, 29 Jun 2010 23:22:18 +0000

[...] systems are commonly computerized and a combination of both software and hardware. Hardware can consist of a computer, output devices, input devices, and any other item [...]

Comment on Small Business and Corporate Accounting Systems by Business & Corporate AIS: Dynamics of Accounting & Information Systems

Business & Corporate AIS: Dynamics of Accounting & Information Systems — Tue, 29 Jun 2010 21:39:24 +0000

[...] Accounting information systems is how many of today’s businesses manage their internal controls. Because threats are constantly and issue to business owners and corporations, accounting information system software and hardware is regularly being changed, updated, and created to meet the particular needs of specific departments. The ability to change a departmental information system is a major advantage to firms that wish to remain competitive within their given industries. By allowing current systems to be evaluated by its users for its usability, ability to conduct necessary functions, and for its effectiveness with other information systems within the firm; permits a smoother transition for integrating new technologies. This process is a never ending one, and will likely continue to change the dynamics of accounting for as long as the need to improve and become more efficient exists. [...]

Comment on Small Business and Corporate Accounting Systems by Improving Information Accounting Systems: Small Business & Corporate Accounts Receivables

Tue, 29 Jun 2010 20:42:10 +0000

[...] new information system will incorporate the essential application programs and the data processing tasks each application [...]

Comment on QuickBooks® by Accounting Information System Development: Small Business & Corporate Systems

Tue, 29 Jun 2010 20:17:30 +0000

[...] QuickBooks® [...]

Comment on The Purpose of Derivative Instruments by Debt & Equity Securities: Trading, Held-to-Maturity, Available-for-Sale

Debt & Equity Securities: Trading, Held-to-Maturity, Available-for-Sale — Mon, 28 Jun 2010 02:00:40 +0000

[...] financial instrument and a derivative financial instrument? Three basic characteristics of derivative financial instruments distinguish derivatives from traditional financial instruments: (i) The instrument has one or more [...]

Comment on Financial Statements by State of Arizona CAFR: Capital Project Funds, Debt Service Funds

State of Arizona CAFR: Capital Project Funds, Debt Service Funds — Sun, 27 Jun 2010 22:00:30 +0000

[...] 2) How many debt service funds does the government maintain? The State of Arizona maintains two debt service funds, Governmental Activities and Business-type Activities, which comprises of 9,948 component units. This information is located in the State of Arizona’s CAFR under Basic Financial Statements. [...]

Comment on Income Tax by Governmental Organizations: Sources of Revenue & GASB Accounting

Governmental Organizations: Sources of Revenue & GASB Accounting — Sun, 27 Jun 2010 18:23:31 +0000

[...] fund for the various types of revenue. Taxes are generally used for government-type entities, which benefit taxpayers in general. When accounting for proprietary revenue, it is done so similarly to regular [...]

Comment on Not-for-Profit Contributions and the AARP by Comprehensive Annual Financial Report: Statement No. 117 Net Asset Classification

Sun, 27 Jun 2010 17:05:08 +0000

[...] be used for a specific purpose. The absence of donor-imposed restrictions doesn’t mean that the funds are not restricted by the organization, regulatory authorities, a governing body, or some other party. These types of [...]

Comment on Financial Statements by Not-for-Profit Contributions: AARP Raising Money via Pledges & Donations

Not-for-Profit Contributions: AARP Raising Money via Pledges & Donations — Sun, 27 Jun 2010 16:33:17 +0000

[...] Financial Statements [...]

Comment on The Purpose of Derivative Instruments by Comprehensive Annual Financial Report: AARP Not-for-Profit CAFR

Comprehensive Annual Financial Report: AARP Not-for-Profit CAFR — Sun, 27 Jun 2010 16:18:34 +0000

[...] is that: “Investments in debt securities, institutional mutual funds, equity securities and derivative financial instruments are measured and reported at fair value. The fair value of debt securities, institutional mutual [...]

Comment on Financial Statements by Governmental Accounting: Fiduciary Funds and Permanent Funds

Governmental Accounting: Fiduciary Funds and Permanent Funds — Sun, 27 Jun 2010 04:13:01 +0000

[...] Financial Statements [...]

Comment on Common Stock or Preferred Stock? by Government Accounting: Issues of Budgeting and Control

Government Accounting: Issues of Budgeting and Control — Thu, 24 Jun 2010 17:18:17 +0000

[...] Governments differ from businesses in that they: Governments differ from businesses in that they do not issue common stock. [...]

Comment on Financial Statements by Audit Engagement Planning: Purpose, Information to Consider, Scope

Audit Engagement Planning: Purpose, Information to Consider, Scope — Wed, 23 Jun 2010 22:49:49 +0000

[...] Financial Statements [...]

Comment on About by Auditing Profession: Public Accounting as a Guarantor of Results

Auditing Profession: Public Accounting as a Guarantor of Results — Wed, 23 Jun 2010 05:40:47 +0000

[...] About [...]

Comment on Sarbanes-Oxley Act and Auditing by Sarbanes-Oxley Act of 2002: Audit Environment, Section 302, Section 303

Sarbanes-Oxley Act of 2002: Audit Environment, Section 302, Section 303 — Wed, 23 Jun 2010 03:12:20 +0000

[...] in which the Sarbanes-Oxley Act of 2002 changed the audit environment for auditors: The Sarbanes-Oxley Act of 2002 (SOX) changed the audit environment for auditors by restricting the services that auditors are [...]

Comment on Financial Statements by Classifying Liabilities: Current Liability or Long-Term Liability?

Classifying Liabilities: Current Liability or Long-Term Liability? — Tue, 22 Jun 2010 23:22:09 +0000

[...] Financial Statements [...]

Comment on Tax Planning by Revenue Recognition Policy: Record Revenue When Realized or Earned

Revenue Recognition Policy: Record Revenue When Realized or Earned — Tue, 22 Jun 2010 23:20:49 +0000

[...] Tax Planning [...]

Comment on Financial Statements by Balance Sheet: Ramifications of Failure to Fully Disclose Items

Balance Sheet: Ramifications of Failure to Fully Disclose Items — Tue, 22 Jun 2010 23:20:25 +0000

[...] Financial Statements [...]