Depreciation is not a matter of valuation but a means of cost allocation. A monthly allocation of the depreciation expense calculated in a systematic and rational manner takes into consideration the election of the method that best fits an organization.

Accounting errors are a big deal. Accounting errors are unintentional mistakes as opposed to fraud where an intention to deceive investors is present. Correcting errors may imply to restate financial statements. The invitation is for accountants to strive to prepare financial statements error-free.

Blinded by love future spouses don't even take into consideration the implications of money issues and wealth management. To avioid headaches a pre nuptial agreement should be part of their wedding and estate planning.

Accountants who have undermined public trust and help crooks achieve their goals of deceiving investors are expelled by the AICPA. Learn what conveys for an expelled member

Forensic accountants gathered so much information. The process of managing different sources of information can be enhanced by inserting hyperlinks to our spreadsheets. It is simple and helps access information on the spot. This guide walks you through this process. Enjoy!

Charges against Madoff's auditor describe many omissions incurred in detriment of the public trust in our profession. Our responsibilities as professionals include exercise sensitive professional and moral judgments in all our activities.

An executive signed a Form S-4 and a Form S-4 amendment that Company WXZ, Inc. filed with the SEC while knowing, those filings contained materially false and misleading information on prior revenue and earnings per share(2) approved backdated contracts, among other misleading actions.

The cost flow assumptions vary with the method of inventory used. Learn how it works under the FIFO and LIFO methods.

This final Rule represents an effort to re-gain public confidence. Accountants should be ready for its application.

What makes you a successful accountant? Develop winning behaviors and draw others near you. Honesty and integrity should be our hallmark.