What is the purpose of adjusting entries in accounting?
Before financial statements are prepared, additional journal entries, called adjusting entries, are made to ensure that the company’s financial records adhere to the revenue recognition and matching principles. Adjusting entries are necessary because a single transaction may affect revenues or expenses in more than one accounting period [...]
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Which career path is better, Public Accounting (Audit) or General Accounting??
I have an offer from a small public accounting firm specializing in government audit. I have gone through 3 interviews with an international, Fortune 500 construction/oil&gas company and an offer is likely.
The offer at the Fortune 500 company pays “better than public accounting” according [...]
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Can i open an investment account with e trade or Scottsdale if i am on chex system?
I want to buy some stocks and was wondering if i can open an account with these brokers if i am on chex system. i have no interest in doing banking with these guys. i just want an investment [...]
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Online Accounting degree from physical college?
I’ve looked over the questions relating to online accounting courses but most of them have to do with non-physical colleges. In the not too distant future I will have my B.A. from my local university, double-majoring in Philosophy and History. If I cannot raise the money for graduate [...]
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how to delete account history from sunpass?
I was wondering if anyone knew how to delete your internet account history off your sunpass?
Also, does anyone know if you get sunpass statements in the mail as well?
Thanks! =)
Your history automatically drops off after 3 months. I think you can sign up for mail statements for [...]
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Can you take CPA with an online accounting degree?
I am graduating with a double degree in accounting and finance from Drake University which is well known. However, I don’t have 30 accoutning hours but I plan on picking up an online masters degree through University of Phoenix Online for Accounting. Will I be able to [...]
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Is it possible to get a double major in college in accounting and acting?
Because…I want to be a CPA(certified public accountant) with my own accounting office….but I also want to be an actor…is it possible to multi-task….from these 2 careers..(OBVIOUSLY I’LL FIRST GET SETTLED W/MY ACCOUNTING…THEN I’LL FOCUS MORE ON ACTING)…but I’d hopefully like to [...]
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accounting treatment when an asset is lost or stolen?
depreation on an asset is continued every year, but if the asset is lost what is the accouting treatment & entry.
Same as if you’d sold it, just using $0 as the “sales” proceeds. (And yes, this can trigger depreciation recapture though that would be at least [...]
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I am doing an income statement for accounting class?
I would like to know if an account called “Loss on Sale of Equipment” would be part of Expenses (expenses such as Rent Expense, General Expense,etc.)
Depending on what class you are in you might be looking for a more in-depth answer.
If it is an introductory [...]
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How should the performance of the Public Company Accounting Oversight Board be evaluated?
Start with ethics. Maybe they are not trustworthy and should be ousted. Martha Stewart paid her dues, maybe they should too if there is any wrong doings.
GROCO Accounting – Company Profile
The SuperStar Teachers Series: Finance and Accounting for the [...]
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What kind of jobs can you go into with a Finance /business/ or accounting degree?
I’m looking into college. I’m thinking this is something i might want to do. I’m not sure what I can do with degrees like Finance /business/ or accounting. I’m not even sure this is the degree Im seeking.
I know for sure [...]
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Can anyone tell me if the Master degree is necessary for an Accounting major student or CPA is enough?
I don’t think it is necessary to have a master degree as an Accounting major student if I can be a Certified Public Accountant with my BS Degree. The reason is pass CPA is everything for an [...]
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Is change in goodwill accounting permission to cheat on Balance Sheets?
REGULATORS PROPOSE RELAXING ‘GOODWILL’ CAPITAL RULES
U.S. regulators propose relaxing capital rules for companies purchasing banking operations that would allow goodwill, which refers to the intangible assets that emerge in a deal, to be counted toward meeting regulatory capital requirements.
yes they need that change…
Goodwill in Accounting [...]
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What method of accounting does Home Depot use in their annual report. And where is this information found?
Here is a link to Home Depot’s 2005 Form 10-K that was filed with the SEC.
Page 40 of the document shows the audit opinion from KPMG and it indicates that the financial statements are in conformity with with [...]
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