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An Essential Guide to Accounting and Basic Accounting Principles for Beginners

Snyder

To achieve accounting profits, you need to make sure to take the following four steps to reach your goal: Recording, Repeating, Interpreting, and Analyzing. Let’s define each of them to understand the main principles thoroughly. This is the identification and recording of all your transactions. Interpreting. Accrual principle.

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Overview of Cost Accounting Standards (CAS) for Government Contractors

Cherry Bekaert

Learn more: Cost Accounting Standards (CAS): A Comprehensive Overview for Government Contractors What Are the Differences Between CAS, GAAP and FAR? CAS is focused on the allocation of costs to government contracts, GAAP is focused on financial reporting for companies and the FAR is focused on allowability of costs on government contracts.