Posts tagged ‘accounting’

 

Quickbooks Tips, Traps and Advice

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QuickBooks is probably the #1 selling small business accounting program in the world. Well, in the US, anyway. It does a great job automating and classifying transactions, and simplifying the processing and allows small business owners to take better control of their finances. Unfortunately, it does not come with a CPA certificate or a BA […]

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Towards a New and more Effective Consideration of Fraud in a Financial Statement Examination

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So what do I suggest if I think the triad of fraud “guidance” is a crock? Good question. In an accounting/auditing engagement, what would I recommend as guidance in considering the risk of fraud?   First, I would create at least 2 major and wholly independent categories of fraud.   Material, willful, financial statement fraud […]

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Small Business Accounting and Control Quiz

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Take this Test Score one point for each yes answer Cash Do you actually see a checking account reconciliation every month? Is this true – My checking account reconciliation never has an “Unlocated” or “Unidentified” amount listed? Do you compare the checking account reconciliation with the bank statement? Do you as owner sign all checks […]

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Suspense Accounts – Approach with Caution

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This story gets more views than any other on my blog, except for the wooden beer carrier. But nobody ever leaves any comment. Do you like it? Was it interesting? Was it lame? Did it leave you with more questions? OK, I’m going to beg you, please leave some sort of comment after you’re done. […]

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