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This approach should provide students with a sufficient understanding of state and local government and nonprofit accounting and financial reporting to prepare for the CPA exam. Financial reporting and standards form a fundamental distinction between government and nonprofit accounting. Each sector operates under different governing bodies and follows unique reporting requirements, impacting how financial statements …

Accounting for Governmental & Nonprofit Entities Read More »

The next transaction figure of $300 is added on the credit side. The record is placed on the credit side of the Service Revenue T-account underneath the January 17 record. In the journal entry, Accounts Receivable has a debit of $5,500. This is posted to the Accounts Receivable T-account on the debit side. This is …

Which accounts normally have debit balances? Accounting Services Read More »

If you run your own accounting practice, check out QuickBooks Online Accountant. We’re here to make migrating your desktop data and getting to know QuickBooks Online as seamless as possible. Easily do it yourself, or get help from a specialist if you have questions. We also accountant quickbooks online offer expert-led webinars, easy-to-use guides, and …

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Business drivers are the key inputs and activities that drive the operational and financial results of a business. Common examples of business drivers are salespeople, number of stores, website traffic, number and price of products sold, units of production, etc. In order to make internal choices about business strategy or build a financial model to …

What are Key Business Drivers and How Can You Identify Them The American Society of Administrative Professionals Read More »