Category

Bookkeeping
It’s also worth noting that while all CPAs are accountants, not all accountants are CPAs. Tax professionals include CPAs, attorneys, accountants, brokers, financial planners and more. Their primary job is to help clients with their taxes so they can avoid paying too much or too little in federal income or state income taxes. A certified...
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However, publicly traded companies whose securities fall under SEC regulations must use GAAP standards. The SEC has stated that it may adopt IFRS best practices to replace GAAP in the future. Double-entry systems add assets, liabilities, and equity to the organization’s financial tracking. Cash flow (CF) describes the balance of cash that moves into and...
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