An important part of the accounting and tax preparation processes is to properly record expenses and allowances. Depreciation is a major component of the financial statements of organizations that have a large number of fixed assets subject to depreciation. Next articles will address it.

Managerial accounting is a valuable tool for decision-making. It involves non-monetary data and qualitative elements along with financial information.

"This is an extreme example of uncontrolable greed which should be investigated by the proper authorities." This was the closing paragraph of an anonymous letter sent to the former Chairman of the Securities and Exchange Commission, SEC. Was this warning letter ignored?

Properly identifying what kind of audit risk is a crucial step in the audit process. Forensic accountants are aware of material weaknesses within organizations which allows them to search beyond financial records when finding facts in an investigation.

Sound investment decisions are based primarily on the potential rate of return that is why when evaluating whether or not to invest the potential rate of return must be carefully analyzed.This is only one way in which What If scenarios can be used.

A budget is a valuable tool for decision making. Planning and monitoring are essential for the organization's sustainability.

If you don't have a sophisticated software package Preparing a simple depreciation schedule in Excel is very straightforward. Follow this approach to get it.

When a forensic accountant gives a testimony as an expert witness, he or she is confronted with many challenges. Being ready involves preparation that ensures sound responses. This case gives you some insights about those challenges.

A Work Sheet helps summarize and transfer data from the trial balance to the financial statements.

The Auto Fill feature helps when quickly filling a series./