Back to Work: Cash is king, a day with an Accountant

What a wild two weeks!  It never ceases to amaze me the amount of work that can all be generated at the same time.  In my case I had month end duties, year-end duties, projects, and conversions all due at once.  Everybody in the department was working hours upon hours just to keep up.  Fast-forward [...]

SAS 70-Review of the concept.

 
Something unusual happened to me over the last twenty-four hours.  I had two people at two different times mention to me a SAS 70 audit.  I recalled what the audit was, but as I had not been involved in one, at least in the last few years, I thought that I would refresh myself on [...]

Big 4 Experience: is it really necessary?

Since I have reached several milestones, and according to my 30-year plan its time to start considering this, I have been looking out at the job websites to get an idea of what may be available.
Granted I am nowhere near being ready to make a change, and I am even considering making what I am [...]

Get ready to Jump this GAAP

I wanted to do something a little different today.  I have been reading about the probable transition of most companies from GAAP to the new IFRS standards.  In April 2007 President Bush announced that IFRS would be the recognized accounting standard within two years as part of an agreement with the EU.  The SEC made [...]

Basic Accounting: Current Assets

I decided to cover some of the very basics of accounting for my Friday series.  Starting with the balance sheet.  I perhaps will only do the balance sheet as other things may catch my eye.  Anyway here is the Current portion of the balance sheet.
Current Assets
The first thing listed under the asset column on the [...]

CPA Review: Section 179

Without stepping out of bounds with regards to the CPA exam. I thought I would talk about a tax provision that is included on the exam.  I found this to be an interesting tax break for the small business and was part of the Bush’s tax relief plan.  I was able to see this work [...]

How to enhance you accounting knowledge

All week long I struggled with my topic for today, I guess all of the things that I considered are going to be combined into this topic.  One of the things that I believe go into being not only a good accountant, but also a good businessperson is keeping abreast of what is going on [...]

Cash vs. Accrual Accounting

I have come to realize that I have an accounting related website, but I have almost no accounting related material on the site.  I have a lot that covers Excel or the CPA Exam,  I even dabbled a bit with some tax topics.  I have not, however, covered much in accounting.  So, today I am [...]

A new rule for accounting of Pensions-CPA Review

I got a hold of some new changes from the FASB regarding pensions.  So I thought I would share that information with you.  It is especially important if you are going to take the FAR section of the CPA exam.
I know how much everyone loves pensions. Most of us have something like a pension but [...]

New Video Entry!

I have added a new video entry.  It’s on the Video page.
The topic is Year End wrap up.