Blogs

Fundamental Payroll Certification (FPC)

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The American Payroll Association is the national certification body for payroll specialists, representing more than 21,000 members. The association is for individuals responsible for processing company payrolls and provide them with knowledge, skills and expertise to become certified payroll professionals.

Accounting for Nonprofit Organization

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A nonprofit organization is an organization dedicated to serving charitable, educational, religious or scientific purposes. The aim of such an organization is to fill society's needs and make our communities more livable places. Unlike normal businesses, that operates to generate profit for owners and stakeholder, non-profit organizations do not operate for profits.

Internal Audit

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Internal audit is a department within an organization that evaluates a company’s internal controls, its corporate governance, and accounting processes and provides impartial and independent review to the management. Internal audits also provide detailed information to governing bodies and executives about the organization’s risks, control environment, and operational effectiveness.

Understanding Current Expected Credit Losses (CECL)

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In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13 - Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments to address the recognition of credit losses in a more timely manner.  Prior to the issuance of ASU No.

Business Intelligence

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Business intelligence (BI) is the collection of strategies and tools used to analyze business information. It is a set of processes, technologies and architectures that analyzes raw data and transforms it into actionable information to help executives and end-users make informed business decisions, that drives profitable business actions.

Business Fraud and Strategies for Preventing It

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Business fraud, also known as corporate fraud, refers to the unlawful activities undertaken by an individual or company, performed in a dishonest and unethical manner. Business fraud is designed for the advantage of an individual or company performing it. Business fraud has an impact on the business, other employees, and outside parties.

Digital Asset Classifications

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The rise in the global use of digital assets presents new challenges for how to properly account for these types of assets in financial statements following GAAP.  Understanding what digital assets are and how to categorize the different types of assets is crucial for the auditor.  CPAs must be able to account for investments in and transactions involving digital assets according to G

Blockchain in Accounting

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Blockchain, also known as distributed ledger technology (DLT), is a technology that enables the existence of cryptocurrency – the likes of Bitcoin.

Corporate Accounting in 2020

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To define its financial stature

Remote Working Essentials

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