Straighforward guide to record usual transactions related to a partnership. This type of entity has gained acceptance within the business community which means, accountants should know to properly account for its transactions.

Michelle got away with her fraud schemes for a while until she was convicted of embezzlement and tax evasion. Enabling fraud situations is a trend in organizations that have a disregard for or lack of internal controls.

Some of the words listed here are of common usage, however, the true definition is unclear to many.

Sometimes corporations pave a way for wrongdoing. When investigating fraud, it is important to start the process by identifying potential risks or weaknesses, which can be done by using management's assertions.

What transpires behind financial reporting? SEC investigations, investors deceived, accountants fined and sanctioned by the SEC, fraud victims seeking recovery of their losses.

Forming a corporation brings rewards. A corporation is a sophisticated legal entity. The dilemma is then: Should I stay as a sole proprietorship entity or should I incorporate my business? The trade-off could be worth the risk for some, however, think twice before taking the leap of faith.

Going from cash-basis accounting to accrual basis accounting requires a clear understanding of this process. Accomplish it with a simple approach.

The market volatility requires personal financial planners that provide sensitive and timely advice to those seeking maximization of their resources. What does entail to be a personal financial planner?

Fraud and greed are two powerful words that played a major role in the financial meltdown. Greedy mortgage brokers account for 87.6% of the fraud for housing statistics revealed by the government. Naive citizens who entered into questionable mortgages ended up into a foreclosure process.

With the decline in the economy corporations face many difficulties in accesing credit. This in turn undermines their ability to pay bills in time. It becomes a cycle and companies must reflect in their financial statments the net realizable value of their accounts receivable.