These assertions attest that the preparers abided by the necessary regulations and accounting standards when preparing the financial statements. There are five different financial statement assertions attested to by a company’s statement preparer. The preparation of financial statements is the… Continue reading →

The auditors test the validity of these assertions by conducting a number of audit tests. Moreover, such claims or assertions are put into the financial statements either openly or implicitly as management representations. The Financial Accounting Standards Board (FASB) made… Continue reading →

The concept involves internal documentation of expenses through an established system. unearned revenue When bank statements arrive, the costs and payments are cross-checked to ensure finances are correct. Automated payment reconciliation, also known as accounting reconciliation for payments, can save… Continue reading →

You’ll likely work as a member of a team with an accounting technology specialist and controller to help each client. The company primarily helps businesses clean up their books and handles the entire bookkeeping process going forward. It also offers… Continue reading →

Professional certifications such as CPA and CMA showcase expertise and commitment. Essential skills for success include technical proficiency, business advisory experience, and hands-on accounting experience. These roles often serve as stepping stones, preparing aspiring accountant consultants for the complex challenges… Continue reading →

In an effort to automate and ease your team’s workloads, you’ll want a software that is easy-to-use for all, without requiring coding or dedicated IT support. Keep an eye on results, as it’s often the case you can continue to… Continue reading →