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For example, you might complete the Intuit Bookkeeping Professional Certificate or several other bookkeeping courses offered by universities and companies on Coursera. Access Xero features for 30 days, then decide which plan best suits your business. In this module, you’ll be introduced to the role of a bookkeeper and gain an understanding of how to […]

Special accounting standards also evolved for industries with a fiduciary responsibility to the public such as banks and insurance companies. To protect insurance company policyholders, state insurance regulators began to monitor insurance company solvency. As they did, a special insurance accounting standards, known as statutory accounting principles and practices, or SAP, developed. The term statutory

In conclusion, when approached with careful consideration and strategic planning, accounts receivable factoring can be a valuable tool for business growth. It offers a flexible financing option that can adapt to your business’s changing needs, providing the working capital necessary to navigate challenges and capitalize on opportunities. Available to startups as well as established companies,

Technological advancements can significantly impact the distribution and amount of factor income. For example, automation and artificial intelligence can lead to an increase in the return on capital (e.g., profits) as businesses invest in these technologies to boost productivity. However, this could also potentially decrease the labor share of income by replacing manual jobs, affecting

Yes, this requirement is equivalent to a bachelor’s degree, and many state boards also prefer you have your degree in accounting. In order to become an enrolled agent, you must either take the Special Enrollment Exam (SEE), also tax preparer vs cpa known as the enrolled agent (EA) exam, or have previous work experience at

Before making a final decision, it’s beneficial to request demos from any vendors that have made your shortlist. A live demonstration will give you a hands-on experience of the software’s functionality and allow you to assess its suitability for your firm. Additionally, seek recommendations from colleagues and other legal professionals who have experience with trust

A high equity multiplier shows that the company incurs a higher level of debt in its capital structure and has a lower overall cost of capital. Additionally, a low equity multiplier is not always a positive indicator for a company. In some cases, it could mean the company is unable to find lenders willing to