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GAAP - Generally Accepted Accounting Principles

I am constantly surprised by the number of people reportedly doing peoples bookkeeeping who write into Linked-In and Twitter group blogs asking 'what's the difference between Cash and Accrual?' more

Tax & Practice Management

In this mini-series, contributing author, Rob Shaff, demystifies the various leases that businesses enter into, which are all too often improperly reported. We will also look at reporting changes announced by the Financial Accounting Standards Board. more

People & Business

A reader recently wrote in asking if someone could explain reconciliation between net income and cash flow from operations. Rob's explanation was so thorough that I thought it was best published as 'an article' than simply a commentary. more

General Ledger 1 Comments

Generally Accepted Accounting Principles should always be considered, since at some level, they are universal to recording accounting transactions and preparing financial statements. more

General Ledger 1 Comments

Is IFRS in Your Global Future?

With the increasing rise in the International Financial Reporting Standards we cannot remain aloof in the belief that our current accounting standards and software are going to be sufficient for future purposes. more

Aug 14, 2013 12:15 AM From The Editor 1 Comments

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