DMCL

MARCH 16, 2022

March is Fraud Prevention Month across Canada, and as we enter the busiest stretch of tax season there’s no better time to consider the internal controls you might be overlooking that are crucial to the security, transparency and integrity of your business’s financial statements. Detective controls. Reconciliation.

audit 52

audit financial statements CPA fund accounting 52

Snyder

DECEMBER 21, 2022

Usually, it takes all the three major financial statements – the income statement, the balance sheet, and the cash flow statement – to create a master budget. Static budget – the most basic type of budget that takes into account only fixed expenses – the ones that don’t depend on production or sales volumes.

quickbooks 72

quickbooks NetSuite E-commerce accounting and finance 72

ThomsonReuters

APRIL 6, 2023

It is reflected in the balance sheet under current liabilities. On the other hand, accounts receivable is where a business records the sale of its goods or services but has not yet collected any funds. Accounts receivable are considered current assets and are listed on the balance sheet. Is billing AP or AR?

accounts payable 52

accounts payable Account accountant accounted 52

Going Concern

APRIL 8, 2024

Specifically, the FRC cited two uncorrected material errors that appeared in the audited pension fund financial statements included in the local authority’s annual report, though not in the pension fund’s own statements.

auditor 56

auditor audit Account accountant 56