Accounting

What is forensic accounting?

Forensic accounting is the practice of utilizing accounting, auditing, and investigative skills to assist in legal matters. It encompasses 2 main areas – litigation support, investigation, and dispute resolution. Litigation support represents the factual presentation of economic issues related to existing or pending litigation. In this capacity, the forensic accounting professional quantifies damages sustained by(…)

Why Use Outsourced Accounting?

There are many reasons why accounting is being outsourced more commonly by different types of businesses and organizations. Some may think that using outsourced accounting services is a bad idea because of less control and more costs, but that is a myth that has been proven wrong countlessly. In reality, there are greater benefits by(…)

What is accounting fraud?

Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company’s profit performance appear better than it actually is. Some things that companies do that can constitute fraud are: –Not listing prepaid expenses or other incidental assets –Not showing certain classifications of current assets(…)

Forensic Accounting

Is there such a thing as a forensic accountant? Well, you might find it hard to believe but there are actually forensic accountants out there and it is a very good profession. Forensic accounting is used in areas like litigation support and investigative accounting. Litigation support is very important and the forensic accountants play a(…)

Church Accounting Software

The church is a respected institution since it commands the peoples general faith. It is always given utmost respect. The secular welfare and religious functions of the church are performed through the faith of its constituents. Church activities need funding and the funds come from Christians all over the world. Are you aware that the(…)

Accounting Dictionary

Are you taking up an accounting course or are you already a graduate of accountancy? It doesnt really matter whether youre a student or a full-pledged accountant; you need to have an accounting dictionary with you. You can even treat it like a bible. You see, one cant possibly memorize all the accounting terms. Students(…)