How Is Accounting Used In Business?

It might seem obvious, but in managing a business, it’s important to understand how the business makes a profit. A company needs a good business model and a good profit…

By William Fox | May 19th | Business & Employment

Accounting 101: Inventory And Expenses

Inventory is usually the largest current asset of a business that sells products. If the inventory account is greater at the end of the period than at the start of…

By William Fox | May 16th | Business & Employment

Accounting Career Choices

There are many different careers in the field of accounting ranging from entry-level bookkeeping to the Chief Financial Officer of a company. To achieve positions with more responsibility and higher…

By William Fox | May 14th | Business & Employment

What Are Independent Auditors?

Indpendent CPA auditors are like referees in the financial reporting arena. The CPA comes in, does an audit of the business’s accounting system and methods and gives a report that…

By William Fox | May 14th | Business & Employment

Accounting 101: What Is A Balance Sheet

A balance sheet is a quick picture of the financial condition of a business at a specific period in time. The activities of a business fall into two separate groups…

By William Fox | May 11th | Business & Employment

What Is A Company Audit?

If a business breaks the rules of accounting and ethics, it can be liable for legal sanctions against it. It can deliberately deceive its investors and lenders with false or…

By William Fox | May 10th | Business & Employment