GrowthForceBlog

MAY 22, 2023

Key Takeaways Meeting Basic Financial Accounting Standards: Business accounting and reporting standards can vary somewhat from industry to industry, state to state, and country to country, depending on differing regulatory requirements… Minimize Manual Processes: Making mistakes is only human, and that's why (when it comes to bookkeeping and accounting (..)

bookkeeping 72

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inDinero Accounting

JUNE 29, 2023

The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. But what are these components that make up this essential system?

accrual accounting 98

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Shay CPA

OCTOBER 25, 2023

Under Accounting Standards Update 2017-11 from the Financial Accounting Standards Board (FASB), you don’t necessarily always need to classify financial instruments with down round features as liabilities. Things can get complicated when it comes to recording shares with down round protection on your books.

Tax 52

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MineralTree

OCTOBER 5, 2023

Its primary purpose is to ensure the accuracy and completeness of financial records so that financial statements can be prepared for internal and external reporting purposes. Getting Invoices Posted Invoices need to be accurately recorded in the accounting system. What is the Month-End Reconciliation Process?

AP Automation 76

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Anders CPA

JULY 6, 2022

One of those being the accounting involved in combining businesses. To help simplify purchase accounting for business combinations involving private companies, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-18 back in December 2014.

Account 105

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inDinero Tax Tips

FEBRUARY 22, 2023

For an executive or business owner, keeping up to date with accounting regulations is low on the to-do list. However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606?

international accounting standards 98

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inDinero Tax Tips

FEBRUARY 22, 2023

For an executive or business owner, keeping up to date with accounting regulations is low on the to-do list. However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606?

international accounting standards 52

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