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How to navigate accounting assumptions

ThomsonReuters

Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Accounting assumptions, along with accounting principles and concepts, provide professionals with the necessary framework for preparing financial statements.

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Monday Morning Accounting News Brief: EY Morale Is Suffering After Layoffs; Ignoring Audit Quality? | 3.11.24

Going Concern

Minnesota’s proposal to add a second pathway to CPA licensure that doesn’t require 150 hours of education is moving forward in the MN Senate. ” … The American Institute of Certified Public Accountants, one of the organizations asserting itself in Minnesota, does not care. It prefers the status quo.

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An Accounting Methods Rundown for Skagit County Businesses

SkagitCountyTaxServices

Before I get into accounting methods basics today (a subject near to my heart) … I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Skagit County business owners are in the thick of things during this commemorative weekend). Pros and cons of accrual accounting.

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Gaining More Value with Virtual Accounting

AccountingDepartment

The end of the year is a great time to review your accounting practices. Here are some of the ways you can benefit from outsourced accounting services. Virtual Accounting Is More Than a CPA. Many smaller businesses only have a CPA that handles their tax return. Having an internal accounting team usually costs more.

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