What The Fiscal Year-end Means For Your Business

The fiscal year-end is the conclusion of a 12-month accounting cycle. A fiscal year can be the same as a calendar year, from January to December, or it can begin and end at any time, based on the company’s needs. All public companies are required to publish financial statements at the end of their fiscal [...]

By |2018-06-22T07:46:00+00:00June 22nd, 2018|Blog|0 Comments

Bridging the GAAP

Financial reporting means balance sheets, profit and loss statements, financial notes, and disclosures, and it has its own language.  It’s the language used to communicate information about the financial condition of a company, be it a not-for-profit business, a state or local government, the guidelines are found in the GAAP: the Generally Accepted Accounting Principles [...]

By |2017-01-24T14:17:37+00:00January 18th, 2017|Blog, News|0 Comments

Basic Principles of Accounting

These basic principles form the basis which modern accounting is based. The best-known of these principles are as follows: The Accrual Principle: The concept that accounting transactions should be recorded in the periods when they actually occur; Ignoring this principle would cause delays in payments. […]

By |2018-03-15T15:13:50+00:00January 14th, 2017|Blog, News|0 Comments
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